Company: TDBCP
Filing Date: 2025-11-03
Form Type: 424B2
Source: 0001140361-25-040112
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-03
Form: 424B2
Chunk 9
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 to the consequences of acquiring, holding and disposing of the notes and receiving the payments that might be 
 due under the notes.                                                                                                                                                                                                                            |

Additional Risk Factors Additional Market Measure-Related Risks The Basket Stocks are concentrated in one sector. All of the Basket Stocks are issued by companies in the information technology sector. Although an investment in the notes will not give holders any ownership or other direct interests in the Basket Stocks, the return on an investment in the notes will be subject to certain risks associated with a direct equity investment in companies in the information technology sector. Accordingly, by investing in the notes, you will not benefit from the diversification which could result from an investment linked to companies that operate in multiple sectors. An investment in the notes is subject to risks associated with investing in stocks in the information technology sector. As noted above, the Basket Stocks are issued by companies whose primary business is directly associated with the information technology sector. The profitability of technology companies can be significantly affected by many factors that interact in complex and unpredictable ways, including intense competition and rapid product obsolescence. Technology companies may also have limited product lines, markets, financial resources or personnel. In addition, technology companies are heavily dependent on intellectual property rights, and the loss or impairment of those rights could adversely affect the prices of the Basket Stocks and increase the volatility of the Market Measure. Adverse

| Accelerated Return Notes® | TS-7 |

developments in the technology sector generally and/or with respect to the issuers of the Basket Stocks specifically may have a significant adverse effect on the value of the notes. CRDO has limited actual historical information. CRDO has commenced trading recently. Because CRDO has limited actual historical performance data, your investment in the notes may involve a greater risk than investing in notes linked to Underlying Companies with a more established record of performance.

| Accelerated Return Notes® | TS-8 |

The Basket The Basket is designed to allow investors to participate in the percentage changes in the prices of the Basket Stocks from the Starting Value to the Ending Value. The Basket Stocks are described in the section “The Basket Stocks” below. Each Basket Stock was assigned an initial weight on the pricing date, as set forth in the table below. For more information on the calculation of the value of the Basket, please see the section entitled “Description of ARNs—Basket Market Measures” beginning on page PS-27 of product supplement STOCK ARN-1. On the pricing date, for each Basket Stock, the Initial Component Weight, the Closing Market Price, the Component