Company: TDBCP
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001140361-25-034165
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-05
Form: 424B2
Chunk 18
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 target index concentrates in an industry or group of industries. The SMH Fund may or may not hold all of the securities that are included in the target index. Shares of the SMH Fund are listed on the Nasdaq Stock Market under ticker symbol “SMH”. Information from outside sources including, but not limited to the prospectus related to the SMH Fund and any other website referenced in this section, is not incorporated by reference in, and should not be considered part of, this document or any document incorporated herein by reference. We have not undertaken an independent review or due diligence of any publicly available information with respect to the SMH Fund or the target index. Information filed by the SMH Fund with the SEC can be found by reference to its SEC file numbers: 333-123257 and 811-10325 or its CIK Code: 0001137360.

| TD SECURITIES (USA) LLC | P-14 |

Historical Information The graph below illustrates the performance of SMH from September 4, 2015 through September 4, 2025. The dotted line represents the Buffer Value of $246.381, which is equal to 85.00% of the Initial Value. VanEck ®Semiconductor ETF (SMH) PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

| TD SECURITIES (USA) LLC | P-15 |

Material U.S. Federal Income Tax Consequences The U.S. federal income tax consequences of your investment in the Notes are uncertain. No statutory, regulatory, judicial or administrative authority directly discusses how the Notes should be treated for U.S. federal income tax purposes. Some of these tax consequences are summarized below, but we urge you to read the more detailed discussion under “Material U.S. Federal Income Tax Consequences” in the product supplement and discuss the tax consequences of your particular situation with your tax advisor. This discussion is based upon the U.S. Internal Revenue Code of 1986, as amended (the “Code”), final, temporary and proposed U.S. Department of the Treasury (the “Treasury”) regulations, rulings and decisions, in each case, as available and in effect as of the date hereof, all of which are subject to change, possibly with retroactive effect. Tax consequences under state, local and non-U.S. laws are not addressed herein. No ruling from the U.S. Internal Revenue Service (the “IRS”) has been sought as to the U.S. federal income tax consequences of your investment