Company: TDBCP
Filing Date: 2025-10-21
Form Type: 424B2
Source: 0001140361-25-038801
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-21
Form: 424B2
Chunk 14
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 cash at maturity equal to the exchange ratio of the worst performing underlying stock.

| ◾ | Contingent repayment of stated principal amount only at maturity.If your securities are not redeemed prior to maturity, you should be willing to hold your securities to maturity. If you are able                                               
 to sell your securities prior to maturity in the secondary market, you may have to sell them at a loss relative to your investment even if the then-current prices of all of the underlying stocks are greater than or equal to their respective 
 downside threshold prices.                                                                                                                                                                                                                       |

| ◾ | You may not receive any contingent quarterly coupons.TD will not necessarily make periodic payments on the securities. A contingent quarterly coupon, plus any previously unpaid contingent                                                      
 quarterly coupons with respect to any previous determination dates pursuant to the memory coupon feature, will be paid on a contingent coupon payment date only if the closing prices of all of the underlying stocks on the related             
 determination date are greater than or equal to their respective coupon threshold prices. If the closing price ofanyunderlying stock on any determination date is less than its coupon threshold                                                 
 price, TD will not pay you the contingent quarterly coupon on the related contingent coupon payment date, and if the closing price of any underlying stock is less than its coupon threshold price on each subsequent determination date, you    
 will not receive such contingent quarterly coupon on any subsequent contingent coupon payment date (including the maturity date). If the closing price of any underlying stock is less than its coupon threshold price on each of the            
 determination dates and the closing price of any underlying stock is less than its downside threshold price on the final determination date, TD will not pay you any contingent quarterly coupons during the term of, and you will not receive a 
 positive return on, your securities. Generally, this non-payment of the contingent quarterly coupon coincides with a period of greater risk of principal loss on your securities.                                                                |

| ◾ | Greater expected volatility with respect to, and lower expected correlation of, the underlying stocks generally reflects a higher contingent quarterly coupon and a higher expectation as of the pricing                                        
 date that the final share price of any underlying stock could be less than its downside threshold price on the final determination date.Greater expected volatility with respect to, and lower expected correlation of, the                     
 underlying stocks reflects a higher expectation as of the pricing date that the final share price of any underlying stock could be less than its downside threshold price on the final determination date. “Volatility” refers to the frequency 
 and magnitude of changes in the price of an underlying stock