Company: TDBCP
Filing Date: 2025-10-09
Form Type: 424B2
Source: 0001140361-25-037802
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-09
Form: 424B2
Chunk 8
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 and a conventional debt security. An investment in the notes involves significant risks, including those listed below. You should carefully review the more detailed explanation of risks relating to the notes in the “Risk Factors” sections beginning on page PS-7 of product supplement STOCK LIRN-1 and page 1 of the prospectus. We also urge you to consult your investment, legal, tax, accounting, and other advisors as to the risks entailed by an investment in the notes and the suitability of the notes in light of your particular circumstances before you invest in the notes. Structure-Related Risks

| ◾ | Depending on the performance of the Underlying Stock as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal. |

| ◾ | Your return on the notes may be less than the yield you could earn by owning a conventional fixed or floating rate debt security of comparable maturity. |

| ◾ | Your potential for a positive return based on the depreciation of the Underlying Stock is limited by the Threshold Value and may be less than that of a comparable investment that takes a short position directly in the Underlying      
 Stock (or the stocks included in the Underlying Stock). In addition, the absolute value return feature applies only if the Ending Value is less than the Starting Value but greater than or equal to the Threshold Value. Because the     
 Threshold Value is 80.00% of the Starting Value, any positive return due to the depreciation of the Underlying Stock is limited to 20.00%. Any decline in the Ending Value from the Starting Value by more than 20.00% will result in a   
 loss, rather than a positive return, on the notes. In contrast, for example, a short position in the Underlying Stock (or the stocks included in the Underlying Stock) would allow you to receive the full benefit of any decrease in the 
 level of the Underlying Stock (or the stocks included in the Underlying Stock).                                                                                                                                                           |

| ◾ | Your investment return based on any increase in the level of the Underlying Stock is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the Underlying Stock. |

Market Measure-Related Risks

| ◾ | The Underlying Company will have no obligations relating to the notes, and none of us, MLPF&S, BofAS or our or their respective affiliates will perform any due diligence procedures with respect to the Underlying Company in