Company: TDBCP
Filing Date: 2025-08-11
Form Type: 424B2
Source: 0001140361-25-030256
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-11
Form: 424B2
Chunk 18
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 Changes affecting the underlying indices, including a change in law event,  could have an adverse effect on the market value of, and any amount payable on, the securities. The policies of each                                                
 index sponsor as specified under “Information About the Underlying Indices” (together, the “index sponsors”), concerning additions, deletions and substitutions of the index constituent stocks and the manner in which the index sponsor takes 
 account of certain changes affecting those index constituent stocks may adversely affect the level of the underlying indices. The policies of the index sponsors with respect to the calculation of the underlying indices could also adversely 
 affect the levels of the underlying indices. The index sponsors may discontinue or suspend calculation or dissemination of the underlying indices. Any such actions could have an adverse effect on the market value of, and any amount payable 
 on, the securities.                                                                                                                                                                                                                             |

| ■ | Further, if a change in law event (as defined in the product supplement) occurs and the index sponsors do not take actions to comply with such law(s), the calculation agent may select a successor index or take other actions as discussed 
 in the product supplement and, notwithstanding these adjustments, the market value of, and return on, the securities may be adversely affected.                                                                                              |

| ■ | There is no affiliation between the respective index sponsors and TD, and TD is not responsible for any disclosure by such.We or our affiliates may currently, or from time to time engage in                                                    
 business with the index sponsors. However, we and our affiliates are not affiliated with the sponsor of any underlying index and have no ability to control or predict their actions. You, as an investor in the securities, should conduct your 
 own independent investigation of the relevant index sponsor and each underlying index. No index sponsor is involved in the securities offered hereby in any way and has no obligation of any sort with respect to your securities. The relevant  
 index sponsor has no obligation to take your interests into consideration for any reason, including when taking any actions that might affect the value of, and any amounts payable on, your securities.                                         |

| ■ | Governmental regulatory actions, such as sanctions, could adversely affect your investment in the securities.Governmental regulatory actions, including, without limitation, sanctions-related                                               
 actions by the U.S. or a foreign government, could prohibit or otherwise restrict persons from holding the securities or the index constituent stocks of an underlying index, or engaging in transactions therein, and any such action could 
 adversely affect the value of such underlying index or the securities. These regulatory actions