Company: TDBCP
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0001140361-25-040290
Chunk: 13

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-04
Form: 424B2
Chunk 13
---
 prices for your securities in any secondary market could be substantial. If you sell your securities before the stated maturity date, you may have to do so at a substantial discount from the principal amount irrespective of the price of the Underlying Stocks, and as a result, you may suffer substantial losses. If The Price Of Any Underlying Stocks Change, The Market Value Of Your Securities May Not Change In The Same Manner. Your securities may trade quite differently from the performance of any of the Underlying Stocks. Changes in the price of any Underlying Stocks generally or the lowest performing Underlying Stock specifically may not result in a comparable change in the market value of your securities. Even if the price of each Underlying Stock increases above its starting price during the term of the securities, the market value of your securities may not increase by the same amount and could decline. Risks Relating To The Underlying Stocks Any Payments On The Securities And Whether The Securities Are Automatically Called Will Depend Upon The Performance Of The Underlying Stocks And Therefore The Securities Are Subject To The Following Risks, Each As Discussed In More Detail In The Accompanying Product Supplement.

| • | Investing In The Securities Is Not The Same As Investing In The Underlying Stocks.Investing in the securities is not equivalent to investing in any of the                                                                                  
 Underlying Stocks. As an investor in the securities, your return will not reflect the return you would realize if you actually owned and held the Underlying Stocks for a period similar to the term of the securities because you will not 
 receive any dividend payments, distributions or any other payments paid on any Underlying Stock. As a holder of the securities, you will not have any voting rights or any other rights that holders of the Underlying Stocks would have.   |

| • | Historical Prices Of The Underlying Stocks Should Not Be Taken As An Indication Of The Future Performance Of The Underlying Stocks During The Term Of The Securities. |

| • | The Securities May Become Linked To The Common Stock Of A Company Other Than An Original Underlying Stock Issuer. |

| • | We, The Agents And Our Respective Affiliates Cannot Control Actions By An Underlying Stock Issuer. |

| • | We, The Agents And Our Respective Affiliates Have No Affiliation With Any Underlying Stock Issuer And Have Not Independently Verified Their Public Disclosure Of Information. |

| • | You Have Limited Anti-Dilution Protection. |

Risks Relating To Hedging Activities And Conflicts Of Interest

| • |