Company: TDBCP
Filing Date: 2025-07-30
Form Type: 424B2
Source: 0001140361-25-028024
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-30
Form: 424B2
Chunk 2
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 Day:               | Any day that is a Monday, Tuesday, Wednesday, Thursday or Friday that is neither a legal holiday nor a day on which banking institutions are authorized or required by law to close in New York City.                                             |
| U.S. Tax Treatment:         | By purchasing the Notes, each holder agrees, in the absence of a statutory or regulatory change or an administrative determination or judicial ruling to the contrary, to characterize the                                                        
 Notes for U.S. federal income tax purposes as prepaid derivative contracts with respect to the Reference Asset. Based on certain factual representations received from us, our special U.S. tax counsel, Fried, Frank, Harris, Shriver &          
 Jacobson LLP, is of the opinion that it would be reasonable to treat the Notes in the manner described above. However, because there is no authority that specifically addresses the tax treatment of the Notes, it is possible that your Notes   
 could alternatively be treated for tax purposes as a single contingent payment debt instrument, or pursuant to some other characterization, and the timing and character of your income from the Notes could differ materially and adversely from 
 the treatment described above, as discussed further under “Material U.S. Federal Income Tax Consequences” herein and in the product supplement.                                                                                                   |

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

| Canadian Tax Treatment: | Please see the discussion in the prospectus under “Tax Consequences – Canadian Taxation” and in the product supplement under “Supplemental Discussion of Canadian Tax Consequences”, which                                              
 applies to the Notes. We will not pay any additional amounts as a result of any withholding required by reason of the rules governing hybrid mismatch arrangements contained in section 18.4 of the Canadian Tax Act (as defined in the 
 prospectus).                                                                                                                                                                                                                            |
| Calculation Agent:      | TD                                                                                                                                                                                                                                      |
| Listing:                | The Notes will not be listed or displayed on any securities exchange or any electronic communications network.                                                                                                                          |
| Canadian Bail-in:       | The Notes are not bail-inable debt securities (as defined in the prospectus) under the Canada Deposit Insurance Corporation Act.                                                                                                        |
| Change in Law Event:    | Not applicable, notwithstanding anything to the contrary in the product supplement.                                                                                                                                                     |

| TD Securities (USA) LLC | P-4 |

Additional Terms of Your Notes You should read this pricing supplement together with the prospectus, as supplemented by the product supplement MLN-EI-1 (the “product supplement”) and the underlier supplement (the “