Company: TDBCP
Filing Date: 2025-07-17
Form Type: 424B2
Source: 0001140361-25-026185
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-17
Form: 424B2
Chunk 14
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SE Russell”). RTY is published by FTSE Russell, but FTSE Russell has no obligation to continue to publish RTY, and may discontinue publication of RTY at any time. RTY is determined, comprised and calculated by FTSE Russell without regard to this instrument. As discussed more fully in the underlier supplement under the heading “Indices – The Russell 2000 ®Index,” RTY measures the composite price performance of the smallest 2,000 companies included in the Russell 3000 ®Index. The Russell 3000 ®Index is composed of the 3,000 largest United States companies by market capitalization and represents approximately 98% of the market capitalization of the United States equity market. Select information regarding top constituents and industry and/or sector weightings may be made available by the index sponsor on its website. RTY’s value is calculated by adding the market values of the underlying constituents and then dividing the derived total market capitalization by the “adjusted” capitalization of RTY on the base date of December 31, 1986. Historical Information We obtained the closing levels of the Index in the graph below from Bloomberg, without independent verification. The following graph sets forth daily closing levels of the Index for the period from January 1, 2020 to July 16, 2025. The closing level on July 16, 2025 was 2,226.985. The historical performance of the Index should not be taken as an indication of the future performance of the Index, and no assurance can be given as to the closing level of the Index on any day during the term of the securities. We cannot give you any assurance that the performance of the Index will result in any positive return on your initial investment. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS P-14 Market Linked Securities—Auto-Callable with Fixed Percentage Buffered Downside Principal at Risk Securities Linked to the Russell 2000 ®Index due July 19, 2029

| Material U.S. Federal Income Tax Consequences |

You should carefully review the section entitled “Material U.S. Federal Income Tax Consequences” in the accompanying product supplement. The following discussion, when read in combination with that section, constitutes the full opinion of our special U.S. tax counsel, Fried, Frank, Harris, Shriver & Jacobson, LLP, regarding the material U.S. federal income tax consequences of owning and disposing of the securities. Due to the absence of statutory provisions, regulations, published rulings or judicial decisions