Company: TDBCP
Filing Date: 2025-08-05
Form Type: 424B2
Source: 0001140361-25-028903
Chunk: 15

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-05
Form: 424B2
Chunk 15
---
 of the underlying indices. Rather, it will be contingent upon the                                                 
 performance of each underlying index. Unlike an instrument with a return linked to a basket of indices, common stocks or other underlying assets, in which risk is mitigated and diversified among all of the components of the basket, you will 
 be exposed equally to the risks related to each underlying index. Poor performance by any one underlying index may negatively affect your return and will not be offset or mitigated by the performance of any other underlying index.           
 Accordingly, your investment is subject to the market risk of each underlying index.                                                                                                                                                             |

| August 2025 | Page11 |

| $11,569,000 Callable Contingent Income Securities with Daily Coupon Observation due August 5, 2027   |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index 
 Principal at Risk Securities                                                                         |

| ◾ | Because the securities are linked to the performance of more than one underlying index, there is an increased probability that you will not receive a contingent quarterly coupon with respect to a quarterly                                    
 observation period and that you will lose a significant portion or all of your investment in the securities.The risk that you will not receive a contingent quarterly coupon with respect to a quarterly observation period and that             
 you will lose a significant portion or all of your investment in the securities is greater if you invest in the securities as opposed to securities that are linked to the performance of a single underlying index if their terms are otherwise 
 substantially similar. With a greater total number of underlying indices, it is more likely that the index closing value or the final index value, as applicable, ofanyunderlying index will be less                                             
 than its coupon threshold level and/or downside threshold level. Therefore, it is more likely that you will (a) not receive any contingent quarterly coupons and/or (b) receive an amount in cash that is worth less than your stated principal  
 amount on the maturity date than would have been the case had the securities been linked to only one underlying index. In addition, if the performances of the underlying indices are not correlated to each other, the risk that the index      
 closing value (on any trading day during the quarterly observation period) or the final index value, as applicable, ofanyunderlying index is less than its coupon threshold level or downside threshold                                          
 level is even greater.                                                                                                                                                                                                                           |

Risks Relating to Characteristics of the Underlying Indices

| ◾ | The