Company: TDBCP
Filing Date: 2025-08-29
Form Type: 424B2
Source: 0001140361-25-033350
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-29
Form: 424B2
Chunk 9
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 interests in the securities held by the Underlying Fund, the return on an investment in the notes will be subject to certain risks associated with a direct equity investment in companies in this sector. Accordingly, by investing in the notes, you will not benefit from the diversification which could result from an investment linked to securities of a more broadly diversified group of issuers. The stocks of companies in the energy sector are subject to swift price fluctuations.

| Accelerated Return Notes® | TS-7 |

| Accelerated Return Notes®                                       
 Linked to the Energy Select Sector SPDR®Fund due November, 2026 |

The issuers of the stocks held by the Underlying Fund develop and produce, among other things, crude oil and natural gas, and provide, among other things, drilling services and other services related to energy resources production and distribution. Stock prices for these types of companies are affected by supply and demand both for their specific product or service and for energy products in general. The price of oil and gas, exploration and production spending, government regulation, world events and economic conditions will likewise affect the performance of these companies. Correspondingly, the stocks of companies in the energy sector are subject to swift price fluctuations caused by events relating to international politics, energy conservation, the success of exploration projects and tax and other governmental regulatory policies. Weak demand for the companies’ products or services or for energy products and services in general, as well as negative developments in these other areas, would adversely impact the value of the stocks held by the Underlying Fund and, therefore, the price of the Underlying Fund and the value of the notes.

| Accelerated Return Notes® | TS-8 |

| Accelerated Return Notes®                                       
 Linked to the Energy Select Sector SPDR®Fund due November, 2026 |

The Underlying Fund All disclosures contained in this term sheet regarding the Underlying Fund, including, without limitation, its make-up, method of calculation, and changes in its components, have been derived from publicly available sources. The information reflects the policies of, and is subject to change by, SSGA Funds Management, Inc., the advisor to the Underlying Fund (the “sponsor” or “SSGA”). The sponsor has no obligation to continue to publish, and may discontinue publication of, the Underlying Fund. The consequences of the sponsor discontinuing publication of the Underlying Fund are discussed in the section entitled “Description of ARNs —Anti-Dilution and Discontinuance Adjustments Relating to Underlying Funds” beginning on