Company: TDBCP
Filing Date: 2025-11-18
Form Type: 424B2
Source: 0001140361-25-042590
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-18
Form: 424B2
Chunk 10
---
 see “Additional Risk Factors Specific to the Notes” in the product supplement and “Risk Factors” in the prospectus. Investors should consult their investment, legal, tax, accounting and other advisors as to the risks entailed by an investment in the securities and the suitability of the securities in light of their particular circumstances. Risks Relating to Return Characteristics

| ■ | Risk of significant loss at maturity.The securities differ from ordinary debt securities in that TD will not necessarily repay the stated principal amount of the securities at maturity. If TD does                                            
 not elect to redeem the securities prior to maturity, TD will repay you the stated principal amount of your securities in cash only if the final index values ofallof the underlying indices are                                                
 greater than or equal to their respective downside threshold levels and will only make such payment at maturity. If TD does not elect to redeem the securities prior to maturity and the final index value of any underlying index is less than 
 its downside threshold level, you will receive a cash payment per security that will be less than 65.00% of the stated principal amount of the securities and you will be exposed on a 1-to-1 basis to the decline of the worst performing      
 underlying index.You may lose your entire investment in the securities.                                                                                                                                                                         |

| ■ | Contingent repayment of stated principal amount only at maturity.If TD does not elect to redeem the securities prior to maturity, you should be willing to hold your securities to maturity. If you                                             
 are able to sell your securities prior to maturity in the secondary market, you may have to sell them at a loss relative to your investment even if the then-current levels of all of the underlying indices are greater than or equal to their 
 respective downside threshold levels.                                                                                                                                                                                                           |

| ■ | You may not receive any contingent quarterly coupons.TD will not necessarily make periodic payments on the securities. If the index closing value ofanyof                                                                                        
 the underlying indices onany trading dayduring a quarterly observation period is less than its coupon threshold level, TD will not pay you the contingent quarterly coupon applicable to such                                                    
 quarterly observation period. This will be the case even if the index closing value of each other underlying index is equal to or greater than its respective coupon threshold level on each trading day during that quarterly observation       
 period, and even if the index closing value of that underlying index was higher than its coupon threshold level on every other trading day during the quarterly observation period. If the index closing value of any underlying index on at     
 least one trading day during each quarterly observation period