Company: TDBCP
Filing Date: 2025-11-25
Form Type: 424B2
Source: 0001140361-25-043315
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-25
Form: 424B2
Chunk 8
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 understand or cannot accept that the risks of each underlying index are not mitigated by the performance of any other underlying index, or you cannot accept the risks of investing in securities with a return based on the worst 
 performing underlying index                                                                                                                                                                                                                   |

| November 2025 | Page5 |

| $5,815,000 Callable Contingent Income Securities with Daily Coupon Observation due November 26, 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                                                                         |

| ■ | You seek an investment that participates in the full appreciation in the levels of the underlying indices or that has unlimited return potential |

| ■ | You cannot tolerate fluctuations in the market prices of the securities prior to maturity that may be similar to or exceed the fluctuations in the levels of the underlying indices |

| ■ | You prefer to receive the dividends paid on the index constituent stocks or you seek guaranteed current income from this investment |

| ■ | You are unable or unwilling to hold securities that TD may elect to redeem at its discretion prior to the maturity date, you are otherwise unable or unwilling to hold such securities to maturity, a term of approximately 24 months, or you 
 seek an investment for which there will be an active secondary market                                                                                                                                                                         |

| ■ | You do not understand or are not willing to accept the risks associated with the underlying indices |

| ■ | You are not willing to assume the credit risk of TD for all payments under the securities, including any repayment of principal |

| November 2025 | Page6 |

| $5,815,000 Callable Contingent Income Securities with Daily Coupon Observation due November 26, 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                                                                         |

How the Securities Work The following diagrams illustrate the potential outcomes for the securities depending on (1) the index closing values and (2) the final index values. Diagram #1: Quarterly Observation Periods Diagram #2: Payment at Maturity if TD Does Not Elect to Redeem the Securities For more information about the payout upon an issuer call or at maturity in different hypothetical scenarios, see “Hypothetical Examples” beginning on the following page.

| November 2025 | Page7 |

| $5,815,000 Callable Contingent Income Securities with Daily Coupon Observation due November 26,