Company: TDBCP
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001140361-25-035565
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-19
Form: 424B2
Chunk 10
---
 losses.

If The Level Of The Index Changes, The Market Value Of Your Securities May Not Change In The Same Manner.

Your securities may trade quite differently from the performance of the Index. Changes in the level of the Index may not result in a comparable change in the market value of your securities. Even if the
    level of the Index increases above the starting level during the term of the securities, the market value of your securities may not increase by the same amount and could decline.**

#### Risks Relating To The Index
**The Index Reflects Price Return Only And Not Total Return.

The return on your securities is based on the performance of the Index, which reflects the changes in the market prices of the index constituent stocks . It
    is not, however, linked to a “total return” index or strategy, which, in addition to reflecting those price returns, would also reflect dividends paid on the index constituent stocks . The return on your
    securities will not include such a total return feature or dividend component.

The Maturity Payment Amount Will Depend Upon The Performance Of The Index And Therefore The Securities Are Subject To The Following Risks, Each As Discussed In More Detail In The
    Accompanying Product Supplement.**

| ● | Investing In The Securities Is Not The Same As Investing In The Index.Investing in the securities is not equivalent to investing in the Index. As an investor in the                                                                             
 securities, your return will not reflect the return you would realize if you actually owned and held the securities included in the Index for a period similar to the term of the securities because you will not receive any dividend payments, 
 distributions or any other payments paid on those securities. As a holder of the securities, you will not have any voting rights or any other rights that holders of the securities included in the Index would have.                            |

| ● | Historical Values Of A Market Measure Should Not Be Taken As An Indication Of The Future Performance Of Such Market Measure During The Term Of The Securities. |

| ● | Changes That Affect An Index May Adversely Affect The Value Of The Securities And Any Maturity Payment Amount. |

| ● | We Cannot Control Actions By Any Of The Unaffiliated Companies Whose Securities Are Included In Any Index. |

| ● | We And Our Affiliates And The Agents And Their Affiliates Have No Affiliation With Any Index Sponsor (Except To The Extent Wells Fargo & Company (The Parent Company Of Wells Fargo Securities) Is Included 
 In The S&P