Company: TDBCP
Filing Date: 2025-10-10
Form Type: 424B3
Source: 0001140361-25-037929
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-10
Form: 424B3
Chunk 12
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 of interest with you.                                                        |

| ◾ | There may be potential conflicts of interest involving the calculation agents, one of which is us and one of which is BofAS, as the determinations made by the calculation agents may be discretionary and could adversely affect any 
 payment on the notes.                                                                                                                                                                                                                 |

General Credit-Related Risks

| ◾ | Payments on the notes are subject to our credit risk, and actual or perceived changes in our creditworthiness are expected to affect the value of the notes. If we become unable to meet our financial obligations as they become due, 
 you may lose some or all of your investment.                                                                                                                                                                                           |

Tax-Related Risks

| ◾ | The U.S. federal income tax consequences of the notes are uncertain and, because of this uncertainty, there is a risk that the U.S. federal income tax consequences of the notes could differ materially and adversely from the treatment 
 described below in “Supplemental Discussion of U.S. Federal Income Tax Consequences”, as described further in product supplement STOCK LIRN-1 under “Material U.S. Federal Income Tax Consequences — Alternative Treatments”. You should  
 consult your tax advisors as to the tax consequences of an investment in the notes and the potential alternative treatments.                                                                                                              |

| ◾ | For a discussion of the Canadian federal income tax consequences of investing in the notes, please see the discussion in the prospectus under “Tax Consequences — Canadian Taxation” and in the product supplement STOCK LIRN-1 under        
 “Supplemental Discussion of Canadian Tax Consequences” and the further discussion herein under “Summary of Canadian Federal Income Tax Consequences”. If you are not a Non-resident Holder (as that term is defined in the prospectus) for   
 Canadian federal income tax purposes or if you acquire the notes in the secondary market, you should consult your tax advisors as to the consequences of acquiring, holding and disposing of the notes and receiving the payments that might 
 be due under the notes.                                                                                                                                                                                                                      |

Additional Risk Factor PLTR has limited actual historical information. PLTR has commenced trading recently. Because PLTR has limited actual historical performance data, your investment in the notes may involve a greater risk than investing in notes linked to underlying stocks with a more established record of performance.

| Capped Notes with Absolute Return Buffer | TS-7 |

| Capped Notes with Absolute Return Buffer                                            
 Linked to the Class A Common Stock of Palantir Technologies Inc. due December, 2026 |

The Under