Company: TDBCP
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0001140361-25-039548
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-28
Form: 424B2
Chunk 10
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Additional Risk Factors The securities held by the Underlying Fund are concentrated in the uranium sector. All or substantially all of the securities held by the Underlying Fund are issued by companies whose primary line of business is directly associated with the uranium mining, exploration and technologies related to the uranium industry. As a result, the value of the notes may be subject to greater volatility and may be more adversely affected by a single economic, political or regulatory occurrence affecting this sector than a different investment linked to securities of a more broadly diversified group of issuers. The uranium sector is exposed to risks related to the uranium mining industry, the exploration industry, the oil, gas and consumable fuels industry and the energy sector. The uranium mining industry can be significantly affected by competitive pressures in the uranium mining industry and the price of uranium. The exploration and development of mineral deposits involve significant financial risks over a significant period of time. Few properties that are explored are ultimately developed into producing mines. Major expenditures may be required to establish reserves by drilling and

| Autocallable Strategic Accelerated Redemption Securities® | TS-8 |

| Autocallable Strategic Accelerated Redemption Securities® 
 Linked to the Global X Uranium ETF due December, 2030     |

to construct mining and processing facilities at a site. In addition, mineral exploration companies typically operate at a loss and are dependent on securing equity and/or debt financing, which might be more difficult to secure for an exploration company than for a more established counterpart. Companies in this sector are subject to substantial government regulation and contractual fixed pricing, which may increase the cost of business and limit these companies’ earnings. The notes are subject to foreign currency exchange rate risk. The Underlying Fund holds securities traded outside of the United States. The Underlying Fund’s share price will fluctuate based upon its net asset value, which will in turn depend in part upon changes in the value of the currencies in which the securities held by the Underlying Fund are traded. Accordingly, investors in the notes will be exposed to currency exchange rate risk with respect to each of the currencies in which the securities held by the Underlying Fund are traded. An investor’s net exposure will depend on the extent to which these currencies strengthen or weaken against the U.S. dollar. If the dollar strengthens against these currencies, the net asset value of the Underlying Fund will be adversely affected and the price of the Underlying Fund may decrease. The notes are subject to risks associated with emerging markets. Some of the equity securities composing the Underlying Fund have been issued