Company: TDBCP
Filing Date: 2025-08-08
Form Type: 424B2
Source: 0001140361-25-029803
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-08
Form: 424B2
Chunk 2
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, Shriver & Jacobson LLP, is of the opinion that your Notes should be treated 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 pursuant to some other characterization, such that 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. |
| 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 |

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

| Listing:             | The Notes will not be listed or displayed on any securities exchange or 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 “underlier supplement"), relating to our Senior Debt Securities, Series H of which these Notes are a part. Capitalized terms used but not defined in this pricing supplement will have the meanings given to them in the product supplement. In the event of any conflict the following hierarchy will govern: first, this pricing supplement; second, the product supplement; third, the underlier supplement; and last, the prospectus. The Notes vary from the terms described in the product supplement in several important ways. You should read this pricing supplement carefully. This pricing supplement, together with the documents listed below, contains the terms of the Notes and supersedes all prior or contemporaneous oral statements as well as any other written materials including preliminary or indicative