Company: TDBCP
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001140361-25-028635
Chunk: 11

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-04
Form: 424B2
Chunk 11
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 constituent stocks may adversely affect the value of the underlying index. The policies of the index sponsor with respect to the calculation of the underlying 
 index could also adversely affect the value of the underlying index. The index sponsor may discontinue or suspend calculation or dissemination of the underlying index. Any such actions could have an adverse effect on the market value of, 
 and any amount payable on, the Buffered PLUS.                                                                                                                                                                                                 |

| July 2025 | Page9 |

| $2,991,000 Dual Directional Buffered PLUS Based on the Value of the Russell 2000®Index due August 4, 2027 
 Buffered Performance Leveraged Upside SecuritiesSM                                                        
 Principal at Risk Securities                                                                              |

| ◾ | There is no affiliation between the index sponsor 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 sponsor. However, we and our affiliates are not affiliated with the index sponsor and have no ability to control or predict its              
 actions. You, as an investor in the Buffered PLUS, should conduct your own independent investigation of the index sponsor and the underlying index. The index sponsor is not involved in the Buffered PLUS offered hereby in any way and has no 
 obligation of any sort with respect to your Buffered PLUS. The index sponsor has no obligation to take your interests into consideration for any reason, including when taking any actions that might affect the value of, and any amounts      
 payable on, your Buffered PLUS.                                                                                                                                                                                                                 |

Risks Relating to Estimated Value and Liquidity

| ◾ | The estimated value of your Buffered PLUS is less than the public offering price of your Buffered PLUS.The estimated                                                                                                                         
 value of your Buffered PLUS is less than the public offering price of your Buffered PLUS. The difference between the public offering price of your Buffered PLUS and the estimated value of the Buffered PLUS reflects costs and expected    
 profits associated with selling and structuring the Buffered PLUS, as well as hedging our obligations under the Buffered PLUS. Because hedging our obligations entails risks and may be influenced by market forces beyond our control, this 
 hedging may result in a profit that is more or less than expected, or a loss.                                                                                                                                                                |

| ◾ | The estimated value of your Buffered PLUS is based on our internal funding rate.The estimated value of your                                                                                                                                    
 Buffered PLUS is determined by reference to our internal funding rate. The internal funding rate used in the determination of the estimated value of the Buffered PLUS generally represents