Company: TDBCP
Filing Date: 2025-08-21
Form Type: 424B2
Source: 0001140361-25-032200
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-21
Form: 424B2
Chunk 12
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 volatility, and the correlation among the underlying indices, can change significantly over the term 
 of the securities. The level of any underlying index could fall sharply, which could result in the loss of a significant portion or all of your investment in the securities.                                                                  |

| ■ | The securities are subject to reinvestment risk in the event of an early redemption.The securities will be automatically redeemed prior to maturity if the index closing values ofallof the underlying indices on any determination date other than the final determination date are greater than or equal to their call threshold levels and you will not receive any more contingent 
 quarterly coupons after the related contingent coupon payment date. Conversely, the securities will not be automatically redeemed when the index closing value ofanyone of the underlying indices on                                                                                                                                                                                   
 any determination date is less than its call threshold level, which generally coincides with a greater risk of principal loss on your securities. The securities could be redeemed as early as the first contingent coupon payment date,                                                                                                                                               
 potentially limiting your investment to a term of approximately 3 months. In the event that the securities are redeemed prior to maturity, there is no guarantee that you will be able to reinvest the proceeds from an investment in the                                                                                                                                              
 securities at a comparable rate of return for a similar level of risk. In addition, to the extent you are able to reinvest such proceeds in an investment comparable to the securities, you will incur transaction costs and the original issue                                                                                                                                        
 price for such an investment is likely to include certain built-in costs such as dealer discounts and hedging costs.                                                                                                                                                                                                                                                                   |

| ■ | The contingent quarterly coupon, if any, is based solely on the index closing value of each underlying index on only the related determination date.Whether the contingent quarterly coupon will be paid on any contingent coupon payment date will be based on the index closing value of each underlying index on the relevant determination date. As a result, you will not know 
 whether you will receive the contingent quarterly coupon on any determination date until the related determination date. Moreover, because the contingentquarterlycoupon is based solely on the                                                                                                                                                                                     
 value of each underlying index on a specific determination date, if the index closing value of any underlying index on any determination date is below its coupon threshold level, you will not receive the contingent quarterly coupon with                                                                                                                                        
 respect to such determination date, even if the level of such underlying index was greater than or equal to its respective coupon threshold level on other days during the term of the securities, and even if the index closing value(s) of                                                                                                                                        
 one