Company: TDBCP
Filing Date: 2025-12-02
Form Type: 424B2
Source: 0001140361-25-043963
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-02
Form: 424B2
Chunk 18
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 the securities on the pricing date, as well as the secondary market value of the securities, for a temporary period after the original issue date of the securities, as discussed further under “Additional Information About the Securities —    
 Additional information regarding the estimated value of the securities”. The price at which the agent may initially buy or sell the securities in the secondary market may not be indicative of future prices of your securities.                 |

| ■ | The underwriting discount, offering expenses and certain hedging costs are likely to adversely affect secondary market prices.Assuming no changes in market conditions or any other relevant factors,                                          
 the price, if any, at which you may be able to sell the securities will likely be less than the public offering price. The public offering price includes, and any price quoted to you is likely to exclude, any underwriting discount paid in 
 connection with the initial distribution, offering expenses as well as the cost of hedging our obligations under the securities. In addition, any such price is also likely to reflect dealer discounts, mark-ups and other transaction costs, 
 such as a discount to account for costs associated with establishing or unwinding any related hedge transaction.                                                                                                                               |

| ■ | There may not be an active trading market for the securities — sales in the secondary market may result in significant losses.There may be little or no secondary market for the securities. The                                                   
 securities will not be listed or displayed on any securities exchange or electronic communications network. The agent or another one of our affiliates may make a market for the securities; however, it is not required to do so and may stop any 
 market-making activities at any time. Even if a secondary market for the securities develops, it may not provide significant liquidity or trade at prices advantageous to you. We expect that transaction costs in any secondary market would be   
 high. As a result, the difference between bid and ask prices for your securities in any secondary market could be substantial. If you sell your securities before the maturity date, you may have to do so at a substantial discount from the      
 public offering price irrespective of the value of the underlying indices, and as a result, you may suffer substantial losses.                                                                                                                     |

| ■ | If the value of an underlying index changes, the market value of your securities may not change in the same manner.Your securities may trade quite differently from the performance of each                                                
 underlying index. Changes in the value of an underlying index may not result in a comparable change in the market value of your securities. Even if the closing value of an underlying index