Company: TDBCP
Filing Date: 2025-08-11
Form Type: 424B2
Source: 0001140361-25-030256
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-11
Form: 424B2
Chunk 16
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| ■ | The securities are subject to small-capitalization stock risks.The securities are linked to the Russell 2000®Index, which is comprised of index constituent stocks issued by                                                                     
 small-capitalization companies and, therefore, are subject to risks associated with small-capitalization companies. These companies often have greater stock price volatility, lower trading volume and less liquidity than large-capitalization 
 companies and therefore the underlying index may be more volatile than an index of which a greater percentage of its index constituent stocks are issued by large-capitalization companies. Stock prices of small-capitalization companies are   
 also more vulnerable than those of large-capitalization companies to adverse business and economic developments, and the stocks of small-capitalization companies may be thinly traded. In addition, small-capitalization companies are          
 typically less stable financially than large-capitalization companies and may depend on a small number of key personnel, making them more vulnerable to loss of personnel. Small-capitalization companies are often given less analyst coverage  
 and may be in early, and less predictable, periods of their corporate existences. Such companies tend to have smaller revenues, less diverse product lines, smaller shares of their product or service markets, fewer financial resources and    
 less competitive strengths than large-capitalization companies and are more susceptible to adverse developments related to their products.                                                                                                       |

| ■ | The securities will not be adjusted for changes in exchange rates related to the U.S. dollar.Although the index constituent stocks of the EURO STOXX 50®Index are traded in euros, the                                                           
 securities are denominated in U.S. dollars. The calculation of the amount payable on the securities at maturity will not be adjusted for changes in the exchange rates between the U.S. dollar and the euro. Changes in exchange rates, however, 
 may reflect changes in various non-U.S. economies that in turn may affect the value of the EURO STOXX 50®Index and, accordingly, the market value of, and return on, on the securities. You will not benefit from any appreciation               
 of the euro relative to the U.S. dollar, which you would have had you owned the index constituent stocks of the EURO STOXX 50®Index directly.                                                                                                    |

| August 2025 | Page12 |

| $4,314,000 Callable Contingent Income Securities with Daily Coupon Observation due August 13, 2029     |
| Based on the Worst Performing of the Russell 2000®Index, the S&P 500®Index and the EURO STO