Company: TDBCP
Filing Date: 2025-12-03
Form Type: 424B2
Source: 0001140361-25-044158
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-03
Form: 424B2
Chunk 12
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 each determination date (including the final determination date) and any decline in the level of one underlying index may negatively affect your return and will not be offset or mitigated by a lesser decline or any potential increase in the level of any other underlying index. Any payment to be made on the securities, including any repayment of principal, is dependent on TD’s ability to pay all amounts due on the securities and, therefore, investors are subject to the credit risk of TD. If TD becomes unable to meet its financial obligations as they become due, investors may not receive any amounts due under the terms of the securities.

| December 2025 | Page10 |

| $9,685,000 Callable Contingent Income Securities due December 6, 2027                                 |
| Based on the Worst Performing of the S&P MidCap 400®Index, the Nasdaq-100 Index®and the S&P 500®Index 
 Principal at Risk Securities                                                                          |

Risk Factors The securities involve risks not associated with an investment in conventional debt securities. This section describes the most significant risks relating to the terms of the securities. For additional information as to these and other risks, please see “Additional Risk Factors Specific to the Notes” in the product supplement and “Risk Factors” in the prospectus. Investors should consult their investment, legal, tax, accounting and other advisors as to the risks entailed by an investment in the securities and the suitability of the securities in light of their particular circumstances. Risks Relating to Return Characteristics

| ◾ | Risk of loss at maturity.The securities differ from ordinary debt securities in that TD will not necessarily repay the stated principal amount of the securities at maturity. If TD does not elect                                                                                                    
 to redeem the securities prior to maturity, TD will repay you the stated principal amount of your securities in cash only if the final index values ofallof the underlying indices are greater than                                                                                                   
 or equal to their respective downside threshold levels and will only make such payment at maturity. If TD does not elect to redeem the securities prior to maturity and the final index value of any underlying index is less than its downside                                                       
 threshold level, you will receive a cash payment per security that will be less than 75.00% of the stated principal amount of the securities and you will be exposed on a 1-to-1 basis to the decline of the worst performing underlying index.You may lose your entire investment in the securities. |

| ◾ | Contingent repayment of stated principal amount only at maturity.If TD does not elect to