Company: TDBCP
Filing Date: 2025-09-11
Form Type: 424B2
Source: 0001140361-25-034657
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-11
Form: 424B2
Chunk 14
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 your securities. Even if the level of each Index increases above its 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 Indices The Indices Reflect Price Return Only And Not Total Return. The return on your securities is based on the performance of each Index, which reflect the changes in the market prices of its constituents (its “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 its index constituent stocks. The return on your securities will not include such a total return feature or dividend component. Any Payments On The Securities And Whether The Securities Are Automatically Called Will Depend Upon The Performance Of The Indices 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 Indices.Investing in the securities is not equivalent to investing in the Indices. 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 Indices 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 Indices would have. |

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

| ● | Changes That Affect An Index May Adversely Affect The Value Of The Securities And Any Payments On The Securities. |

| ● | WeCannotControl 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 And Have Not Independently Verified Their Public Disclosure Of Information. |

The Securities Will Not Be Adjusted For Changes In Exchange Rates Related To The U.S. Dollar. Although the index constituent stocks of the Nikkei 225 ®Index trade in Japanese yen, the securities are denominated in U.S. dollars. The calculation of the amount payable on the securities at maturity will not be adjusted for changes in the exchange rates between