Company: TDBCP
Filing Date: 2025-12-02
Form Type: 424B2
Source: 0001140361-25-043963
Chunk: 11

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-02
Form: 424B2
Chunk 11
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 the                                                                          
 securities are not redeemed prior to maturity, TD will repay you the stated principal amount of your securities in cash only if the final index values ofallof the underlying indices are greater than                                                                    
 or equal to their respective downside threshold levels and will only make such payment at maturity. If the securities are not redeemed prior to maturity and the final index value of any underlying index is less than its downside threshold                            
 level, you will receive a cash payment per security that will be less than 75.00% of the stated principal amount and you will be exposed on a 1-to-1 basis to the decline of the worst performing underlying index.You may lose your entire investment in the securities. |

| ■ | Contingent repayment of stated principal amount only at maturity.If your securities are not redeemed prior to maturity, you should be willing to hold your securities to maturity. If you are able to                                          
 sell your securities prior to maturity in the secondary market, you may have to sell them at a loss relative to your investment even if the then-current levels of all of the underlying indices are greater than or equal to their respective 
 downside threshold levels.                                                                                                                                                                                                                     |

| ■ | You may not receive any contingent quarterly coupons.TD will not necessarily make periodic payments on the securities. If the index closing value ofanyof                                                                                        
 the underlying indices on any determination date is less than its coupon threshold level, TD will not pay you the contingent quarterly coupon applicable to such determination date. If the index closing value of any of the underlying indices 
 is less than its coupon threshold level on each of the determination dates, TD will not pay you any contingent quarterly coupons during the term of, and you will not receive a positive return on, your securities. Generally, this non-payment 
 of the contingent quarterly coupon coincides with a period of greater risk of principal loss on your securities.                                                                                                                                 |

| ■ | Greater expected volatility with respect to, and lower expected correlation of, the underlying indices generally reflects a higher contingent quarterly coupon and a higher expectation as of the pricing date                                     
 that the index closing value of any of the underlying indices could be less than its downside threshold level.Greater expected volatility with respect to, and lower expected correlation of, the underlying indices reflects a higher             
 expectation as of the pricing date that the final index value of any of the underlying indices could be less than its downside threshold level. “Volatility” refers to the frequency and magnitude of changes in the level of an underlying index. 
 This greater expected risk will generally be reflected