Company: TDBCP
Filing Date: 2025-12-01
Form Type: 424B2
Source: 0001140361-25-043737
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-01
Form: 424B2
Chunk 4
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 return on the securities will depend solely on the performance of the Underlying that is the lowest performing Underlying on each calculation day and that they will not benefit in any way from the performance of a 
 better performing Underlying;                                                                                                                                                                                                             |

| ■ | understand that the securities are riskier than alternative investments linked to only one of the Underlyings or linked to a basket composed of each Underlying; |

| ■ | understand and are willing to accept the full downside risks of each Underlying; |

| ■ | are willing to forgo participation in any appreciation of any Underlying and dividends on the shares of the Fund and the securities held by or included in the Underlyings; and |

| ■ | are willing to hold the securities until maturity. |

The securities may not be an appropriate investment for investors who:

| ■ | seek a liquid investment or are unable or unwilling to hold the securities to maturity; |

| ■ | require full payment of the face amount of the securities at stated maturity; |

| ■ | seek a security with a fixed term; |

| ■ | are unwilling to purchase securities with an estimated value as of the pricing date that is lower than the original offering price; |

| ■ | are unwilling to accept the risk that the closing value of the lowest performing Underlying on the final calculation day may decline by more than 25% from its starting value; |

| ■ | seek certainty of current income over the term of the securities; |

| ■ | seek exposure to the upside performance of any or each Underlying; |

| ■ | seek exposure to a basket composed of each Underlying or a similar investment in which the overall return is based on a blend of the performances of the Underlyings, rather than solely on the lowest performing Underlying; |

| ■ | are unwilling to accept the risk of exposure to the Underlyings; |

| ■ | are unwilling to accept the credit risk of the Bank; or |

| ■ | prefer the lower risk of conventional fixed income investments with comparable maturities issued by companies with comparable credit ratings. |

The considerations identified above are not exhaustive. Whether or not the securities are anappropriate investment for you will depend on your individual circumstances, and you should reach an investment decision only after you and your investment, legal, tax, accounting and other advisors have carefully considered theappropriateness of an investment in the securities in light of your particular circumstances. You should also review carefully the “Selected Risk Considerations” herein and the “Risk Factors” in the accompanying product supplement