Company: TDBCP
Filing Date: 2025-06-27
Form Type: 424B2
Source: 0001140361-25-023954
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-27
Form: 424B2
Chunk 5
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 the Notes could be called as early as the Call Payment Date, the holding period could be limited. If the Notes are subject to an automatic call, there is no guarantee that you would be able to reinvest the proceeds from an investment in the Notes at a comparable return for a similar level of risk. Furthermore, to the extent you are able to reinvest such proceeds in an investment with a comparable return for a similar level of risk, you may incur transaction costs such as dealer discounts and hedging costs built into the price of the new notes. The Amount Payable on the Notes, if Any, is not Linked to the Price of the Reference Asset at any Time Other Than on the Review Date or the Final Valuation Date. Any payment on the Notes will be based on the Closing Price of the Reference Asset only on the Review Date and on the Final Valuation Dates. Even if the Price of the Reference Asset appreciates at any other time but then declines to a Closing Price or Final Price, as applicable, that is less than the Call Price or Initial Price as of the Review Date or the Final Valuation Date, respectively, you will not

| TD SECURITIES (USA) LLC | P-3 |

receive the Call Premium and may not receive a positive return on the Notes. Therefore, if the Notes are subject to an automatic call, you will not participate in any future appreciation of the Reference Asset after the Call Payment Date. Risks Relating to Characteristics of the Reference Asset There Are Single Stock Risks Associated with the Reference Asset. The price of the Reference Asset can rise or fall sharply due to factors specific to the Reference Asset and the issuer of the Reference Asset (the “Reference Asset Issuer”), such as stock price volatility, earnings, financial conditions, corporate, industry and regulatory developments, management changes and decisions and other events, as well as general market factors, such as general stock market volatility and levels, interest rates and economic and political conditions. You, as an investor in the Notes, should make your own investigation into the Reference Asset and the Reference Asset Issuer for your Notes. For additional information, see “Information Regarding the Reference Asset” herein and the Reference Asset Issuer's SEC filings. We urge you to review financial and other information filed periodically by the Reference Asset Issuer with the SEC. You Will Have No Rights to Receive Any Shares of the Reference Asset and You Will Not Be Entitled to Dividends or Other Distributions by the Reference Asset. The Notes are our debt securities. They are not