Company: TDBCP
Filing Date: 2025-10-21
Form Type: 424B2
Source: 0001140361-25-038795
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-21
Form: 424B2
Chunk 2
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us, as the Notes involve risks not associated with conventional debt securities. We urge you to consult your investment, legal, tax, accounting and other advisors concerning an investment in the Notes. You may access these documents on the SEC website at www.sec.gov as follows (or if that address has changed, by reviewing our filings for the relevant date on the SEC website):

http://www.sec.gov/Archives/edgar/data/947263/000119312525036639/d931193d424b5.htm

http://www.sec.gov/Archives/edgar/data/947263/000114036125006121/ef20044458_424b3.htm

http://www.sec.gov/Archives/edgar/data/947263/000114036125006123/ef20044459_424b3.htm Our Central Index Key, or CIK, on the SEC website is 0000947263. As used in this pricing supplement, the “Bank,” “we,” “us,” or “our” refers to The Toronto-Dominion Bank and its subsidiaries. We reserve the right to change the terms of, or reject any offer to purchase, the Notes prior to their issuance. In the event of any changes to the terms of the Notes, we will notify you and you will be asked to accept such changes in connection with your purchase. You may also choose to reject such changes, in which case we may reject your offer to purchase.

| TD SECURITIES (USA) LLC | P-2 |

Selected Purchase Considerations

| • | Potential for Unleveraged Exposure to Increases in the Level of the Reference Asset, Subject to the Maximum Return –The Notes provide unleveraged exposure to a limited range of increases in the                                                
 level of the Reference Asset from the Initial Level (which was determined by the Calculation Agent on the Strike Date based on observed levels of the Reference Asset on the Strike Date and is lower than the actual Closing Level of the       
 Reference Asset on the Strike Date) to the Final Level. However, the opportunity to participate in the possible increases in the level of the Reference Asset through an investment in the Notes is limited because the return on the Notes will 
 not exceed the Maximum Return.                                                                                                                                                                                                                   |

| • | Contingent Repayment of Principal, with Potential for Full Downside Exposure –At maturity, if the Final Level is less than the Initial Level but greater than or equal to the Buffer Level, you will                                              
 receive a cash payment per Note equal to the