Company: TDBCP
Filing Date: 2025-11-06
Form Type: 424B2
Source: 0001140361-25-040806
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-06
Form: 424B2
Chunk 3
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 in the Level of the Reference Asset, Subject to the Maximum Return –The Notes provide leveraged exposure to a limited range of increases in the level                                             
 of the Reference Asset from the Initial Level to the Final Level. However, the opportunity to participate in the possible increases in the level of the Reference Asset through an investment in the Notes is limited because the return on the 
 Notes will not exceed the Maximum Return.                                                                                                                                                                                                       |

| • | Contingent Repayment of Principal, with Potential for Full Downside Exposure –At maturity, if the Final Level is less than the Initial Level but greater than or equal to the Buffer Level, you                                            
 will receive a cash payment per Note equal to the Principal Amount. If, however, the Final Level is less than the Buffer Level, you will lose 1.25% of the Principal Amount of the Notes for each 1% that the Final Level is less than the 
 Initial Level in excess of the Buffer Amount, and because of the Downside Leverage Factor, you may lose your entire investment in the Notes.Any payments on the Notes, including any repayment of principal,                               
 are subject to our credit risk.                                                                                                                                                                                                            |

Additional Risk Factors The Notes involve risks not associated with an investment in conventional debt securities. This section describes the most significant risks relating to the terms of the Notes. For additional information as to these risks, please see “Additional Risk Factors Specific to the Notes” in the product supplement and “Risk Factors” in the prospectus. Investors should consult their 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 their particular circumstances. Risks Relating to Return Characteristics Your Investment in the Notes May Result in a Loss. The Notes do not guarantee the return of the Principal Amount and investors may lose up to their entire investment in the Notes. Your investment will be exposed to a loss on a leveraged basis if the Final Level is less than the Buffer Level. Specifically, if the Final Level is less than the Buffer Level, investors will lose 1.25% of the Principal Amount of the Notes for each 1% that the Final Level is less than the Initial Level in excess of the Buffer Amount, and may lose their entire Principal Amount. Your Potential Return on the Notes Will be Limited by the Maximum Return and May be Lower Than the Return on a Hypothetical Direct Investment in the Reference Asset. Your potential return on the Notes is limited to, and will not exceed,