Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001140361-25-035084
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 9
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. Your return on the PLUS may be less than that of a hypothetical direct investment in the underlying index or the index constituent stocks. |

| ■ | You will not receive any interest payments.TD will not pay any interest with respect to the PLUS. |

| ■ | The amount payable on the PLUS is not linked to the value of the underlying index at any time other than the valuation date.The final index value will be based on the index closing value on the                                                  
 valuation date, subject to postponement for non-trading days and certain market disruption events. If the value of the underlying index falls on the valuation date, the payment at maturity may be significantly less than it would have been had 
 the payment at maturity been linked to the value of the underlying index at any time prior to such drop. Although the index closing value on the maturity date or at other times during the term of the PLUS may be higher than the index closing  
 value on the valuation date, the payment at maturity will be based solely on the index closing value on the valuation date.                                                                                                                        |

| ■ | Owning the PLUS is not the same as owning the index constituent stocks.The return on your PLUS may not reflect the return you would realize if you actually owned the index constituent stocks. For                                                 
 instance, you will not benefit from any positive underlying return in excess of an amount that, when multiplied by the leverage factor, exceeds the maximum gain. Furthermore, you will not receive or be entitled to receive any dividend payments 
 or other distributions paid on the index constituent stocks, and any such dividends or distributions will not be factored into the calculation of the payment at maturity on your PLUS. In addition, as an owner of the PLUS, you will not have     
 voting rights or any other rights that a holder of the index constituent stocks may have.                                                                                                                                                           |

<div align='center'>**Risks Relating to Characteristics of the Underlying Index**</div>

| ◾ | An investment in the PLUS involves market risk associated with the underlying index.The return on the PLUS, which may be negative, is linked to the performance of the underlying index and indirectly                                               
 linked to the value of the index constituent stocks. The value of the underlying index can rise or fall sharply due to factors specific to the underlying index or its index constituent stocks and their issuers (the “index constituent stock      
 issuers”), such as stock or commodity price volatility, earnings, financial conditions, corporate, industry and regulatory developments, management changes and decisions and other events, as well as general