Company: TDBCP
Filing Date: 2025-08-26
Form Type: 424B2
Source: 0001140361-25-032636
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-26
Form: 424B2
Chunk 16
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 of exchange between currencies. Moreover, certain aspects of a particular non-U.S. economy may differ favorably or unfavorably from the U.S. economy in important respects, such as growth of gross    
 national product, rate of inflation, capital reinvestment, resources and self-sufficiency.                                                                                                                                                     |

| ◾ | The underlying indices reflect price return, not total return.The return on your securities is based on the performance of the underlying indices, which reflect the changes in the market prices of                                      
 the index constituent stocks. The underlying indices are not, however, linked to a “total return” index or strategy, which, in addition to reflecting those price returns, would also reflect any dividends paid on the index constituent 
 stocks. The return on your securities will not include such a total return feature or dividend component.                                                                                                                                 |

| ◾ | Changes affecting the underlying indices, including a change in law event, could have an adverse effect on the market value of, and any amount payable on, the securities. The policies of each index                                           
 sponsor as specified under “Information About the Underlying Indices” (together, the “index sponsors”), concerning additions, deletions and substitutions of the index constituent stocks and the manner in which the index sponsor takes       
 account of certain changes affecting those index constituent stocks may adversely affect the level of the underlying indices. The policies of the index sponsors with respect to the calculation of the underlying indices could also adversely 
 affect the levels of the underlying indices. The index sponsors may discontinue or suspend calculation or dissemination of the underlying indices. Any such actions could have an adverse effect on the market value of, and any amount payable 
 on, the securities.                                                                                                                                                                                                                             |

Further, if a change in law event (as defined in the product supplement) occurs and the index sponsor does not take actions to comply with such law(s), the calculation agent may select a successor index or take other actions as discussed in the product supplement and, notwithstanding these adjustments, the market value of, and return on, the securities may be adversely affected.

| ◾ | There is no affiliation between the respective index sponsors and TD, and TD is not responsible for any disclosure by such index sponsor.We or our affiliates may currently, or from time to time                                               
 engage in business with the index sponsors. However, we and our affiliates are not affiliated with the sponsor of any underlying index and have no ability to control or predict their actions. You, as an investor in the securities, should   
 conduct your own independent investigation of the relevant