Company: TDBCP
Filing Date: 2025-08-05
Form Type: 424B2
Source: 0001140361-25-028903
Chunk: 13

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-05
Form: 424B2
Chunk 13
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 is worth less than your stated principal amount on the maturity date than would have been the case had the securities been linked to only one underlying index.                       |

| ◾ | Greater expected volatility with respect to, and lower expected correlation of, the underlying indices generally reflects a higher contingent quarterly coupon and a higher expectation as of the pricing date                                     
 that the index closing value of any of the underlying indices could be less than its downside threshold level.Greater expected volatility with respect to, and lower expected correlation of, the underlying indices reflects a higher             
 expectation as of the pricing date that the final index value of any of the underlying indices could be less than its downside threshold level and/or that the index closing value of any underlying index on any trading day during the term of   
 the securities will be less than its coupon threshold level. “Volatility” refers to the frequency and magnitude of changes in the level of an asset or group of assets. This greater expected risk will generally be reflected in a higher         
 contingent quarterly coupon for that security than would have been the case if expected volatility of the underlying indices been lower. However, while the contingent quarterly coupon is set on the pricing date based, in part, on the          
 correlations of the underlying indices and each underlying index’s volatility calculated using our internal models, an underlying index’s volatility, and the correlation of the underlying indices, can change significantly over the term of the 
 securities. The level of any underlying index could fall sharply, which could result in the loss of a significant portion or all of your investment in the securities.                                                                             |

| August 2025 | Page10 |

| $11,569,000 Callable Contingent Income Securities with Daily Coupon Observation due August 5, 2027   |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index 
 Principal at Risk Securities                                                                         |

| ◾ | TD may elect to redeem the securities at its discretion and the securities are subject to reinvestment risk.TD may elect to redeem the securities at its discretion prior to the maturity date. If TD                                              
 elects to redeem the securities at its discretion prior to maturity, you will no longer have the opportunity to receive any contingent quarterly coupons after the applicable redemption date. The first potential redemption date occurs after    
 approximately three months and therefore you may not have the opportunity to receive any contingent quarterly coupons after approximately three months. In the event that the TD elects to redeem the securities at its discretion prior to