Company: TDBCP
Filing Date: 2025-07-21
Form Type: 424B2
Source: 0001140361-25-026610
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-21
Form: 424B2
Chunk 3
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 P-2 |

Selected Purchase Considerations

| • | Limited Return Potential –The return potential of the Notes is limited to any Contingent Interest Payments you may                                                                                                                             
 receive over the term of the Notes and you will not participate in any appreciation in the price of the Reference Asset. If you don’t receive any Contingent Interest Payments over the term of the Notes, you will not have a positive return 
 on your investment.                                                                                                                                                                                                                            |

| • | Potential For Automatic Call –The Notes will be automatically                                                                                                                                                                                 
 called if the Closing Price of the Reference Asset is greater than or equal to the Initial Price on any Review Date other than the Final Review Date and are, therefore, subject to reinvestment risk. If the Notes are automatically called, 
 on the Call Payment Date, you will receive a cash payment per Note equal to the Principal Amount, plus the Contingent Interest Payment otherwise due and any previously unpaid Contingent Interest Payments with respect to any previous      
 Review Dates pursuant to the Memory Interest Feature.                                                                                                                                                                                         |

| • | Contingent Repayment of Principal, with Potential for Full Downside Exposure –If the Notes are not automatically called and the Final Price is greater than or equal to the Buffer Price, in addition to any Contingent Interest Payment otherwise due on the Maturity Date and any previously unpaid 
 Contingent Interest Payments with respect to any previous Review Dates pursuant to the Memory Interest Feature, you will receive a cash payment per Note equal to the Principal Amount. If, however, the Notes are not automatically called                                                           
 and the Final Price is less than the Buffer Price, you will receive at maturity a number of shares of the Reference Asset per Note equal to the Physical Delivery Amount, the value of which, based on the Final Price, will be worth less                                                            
 than the Principal Amount, and, therefore, may lose your entire Principal Amount of the Notes. Specifically, as of the Final Review Date, you will lose 1.25% of the Principal Amount of the Notes for each 1% that the Final Price is less                                                           
 than the Initial Price in excess of the Buffer Amount, and may lose your entire investment in the Notes.                                                                                                                                                                                              |

Additional Risk Factors The Notes involve risks not associated with an investment in conventional debt securities. This section describes the most significant risks relating to the terms of the Notes. For additional information as to these risks, please see “Additional Risk Factors Specific to the Notes” in the product supplement and “Risk Factors” in the prospectus.