Company: TDBCP
Filing Date: 2025-07-29
Form Type: 424B2
Source: 0001140361-25-027770
Chunk: 21

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-29
Form: 424B2
Chunk 21
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 a combination of other instruments. For example, payments on the Notes are economically equivalent to a combination of a non-interest-bearing bond bought by the holder and one or more options entered into between the holder and us (with one or more implicit option premiums paid over time). The discussion in this paragraph does not modify or affect the terms of the Notes or the U.S. federal income tax treatment of the Notes, as described elsewhere in this pricing supplement.

| TD SECURITIES (USA) LLC | P-14 |

| We cannot predict the actual Closing Prices of the Reference Asset on any Observation Date (including the Final Valuation Date) or what the market value                                                                                           
 of your Notes will be on any particular trading day, nor can we predict the relationship between the price of the Reference Asset and the market value of your Notes at any time prior to the Maturity Date. The actual Contingent Coupon Payment, 
 if any, that you will receive on a Coupon Payment Date, the Payment at Maturity and the rate of return on the offered Notes, will depend on the actual Closing Prices on the Observation Dates or Final Price, as applicable, which will be        
 determined by the Calculation Agent as described above. Moreover, the assumptions on which the hypothetical returns are based may turn out to be inaccurate. Consequently, any amount of cash to be paid in respect of your Notes on a Coupon      
 Payment Date or on the Maturity Date may be very different from the information reflected in the examples above.                                                                                                                                   |

| TD SECURITIES (USA) LLC | P-15 |

Information Regarding the Reference Asset The Reference Asset is registered with the SEC. Companies with securities registered with the SEC are required to file periodically certain financial and other information specified by the SEC. Information provided to or filed with the SEC can be inspected and copied at the public reference facilities maintained by the SEC or through the SEC’s website at www.sec.gov. In addition, information regarding the Reference Asset may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents or any document incorporated herein by reference. We have derived all information contained herein regarding the Reference Asset from publicly available information. Information from outside sources is not incorporated by reference in, and should not be considered part of, this pricing supplement or any document incorporated herein by reference. TD has not undertaken an independent review or due diligence of any publicly available information regarding the Reference Asset. The Closing Prices for the Reference Asset may be adjusted by Bloomberg Professional ®(“Bloomberg”). for