Company: TDBCP
Filing Date: 2025-10-21
Form Type: 424B2
Source: 0001140361-25-038801
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-21
Form: 424B2
Chunk 16
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 Common Stock of Amazon.com, Inc. and the Class A Common Stock of Alphabet Inc. 
 Principal at Risk Securities                                                                                        |

Risks Relating to Characteristics of the Underlying Stocks

| ◾ | The price of each underlying stock will be affected by various factors that interact in complex and unpredictable ways.The return on the securities, which may be negative, is linked to the                                                  
 performance of each underlying stock. The price of each underlying stock can rise or fall sharply due to factors specific to their issuers (each, an “underlying stock issuer”), 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 market factors, such as general stock market or commodity market volatility and prices, interest 
 rates and economic and political conditions. You, as an investor in the securities, should make your own investigation into the underlying stocks and the underlying stock issuers. For additional information regarding the underlying stock 
 issuers, please see “Information About the Underlying Stocks” below and the SEC filings referred to in that section.We urge you to review financial and other information filed periodically by the underlying                                
 stock issuers with the SEC.                                                                                                                                                                                                                   |

| ◾ | There can be no assurance that the investment view implicit in the securities will be successful.It is impossible to predict whether and the extent to which the price of the underlying stocks                                                  
 will rise or fall and there can be no assurance that the closing price ofeachunderlying stock on any determination date will be greater than or equal to its coupon threshold price, or, if the                                                  
 securities are not redeemed prior to maturity, that the final share price ofeachunderlying stock on the final valuation date will be greater than or equal to its downside threshold price. The                                                  
 prices of the underlying stocks will be influenced by complex and interrelated political, economic, financial and other factors that affect the underlying stocks and the underlying stock issuers. You should be willing to accept the downside 
 risks of owning equities in general and the underlying stocks in particular, and the risk of losing a significant portion or all of your investment in the securities.                                                                           |

| ◾ | There is no affiliation between TD and the underlying stock issuers.The underlying stock issuers are not affiliates of ours, are not involved with the offering in any way, and have no obligation 
 to consider your interests in taking any corporate actions that might affect the value of the securities. We have not made any due diligence inquiry