Company: TDBCP
Filing Date: 2025-10-02
Form Type: 424B2
Source: 0001140361-25-037077
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-02
Form: 424B2
Chunk 3
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 Assuming that all relevant factors remain constant after the pricing date, the price at which the Agents may initially buy or sell the securities in the secondary market, if any, may exceed our estimated value on the pricing date for a temporary period expected to be approximately three months after the issue date because, in our discretion, we may elect to effectively reimburse to investors a portion of the estimated cost of hedging our obligations under the securities and other costs in connection with the securities which we will no longer expect to incur over the term of the securities. We made such discretionary election and determined this temporary reimbursement period on the basis of a number of factors, including the tenor of the securities and any agreement we may have with the distributors of the securities. The amount of our estimated costs which we effectively reimburse to investors in this way may not be allocated ratably throughout the reimbursement period, and we may discontinue such reimbursement at any time or revise the duration of the reimbursement period after the issue date of the securities based on changes in market conditions and other factors that cannot be predicted. We urge you to read the “Selected Risk Considerations” in this pricing supplement.

P-5

| Investor Considerations |

The securities are not appropriate for all investors. The securities may be an appropriate investment for investors who:

| seek 200% leveraged exposure to the upside performance of the Index if the ending level is greater than the starting level, subject to the maximum return at maturity of 17.30% of the face amount; |

| desire to limit downside exposure to the Index through the buffer amount; |

| are willing to accept the risk that, if the ending level is less than the starting level by more than the buffer amount, they will lose some, and possibly up to 90%, of the face amount; |

| understand and are willing to accept the downside risks of the Index; |

| are willing to forgo interest payments on the securities and dividends on the securities included in the Index; and |

| are willing to hold the securities until maturity. |

The securities may not be an appropriate investment for investors who:

| seek a liquid investment or are unable or unwilling to hold the securities to maturity; |

| are unwilling to accept the risk that the ending level of the Index may decrease from the starting level by more than the buffer amount; |

| seek uncapped exposure to the upside performance of the Index; |

| seek full return of the face amount of the securities at stated maturity; |

| are unwilling to purchase securities with an estimated value as of