Company: TDBCP
Filing Date: 2025-09-11
Form Type: 424B2
Source: 0001140361-25-034657
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-11
Form: 424B2
Chunk 4
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 issue date of the securities based on changes in market conditions and other factors that cannot be predicted. We urge you to read the “Selected Risk Considerations” in this pricing supplement.

P-6

| Investor Considerations |

The securities are not appropriate for all investors. The securities may be an appropriate investment for investors who:

| ■ | seek an investment with contingent coupon payments at a rate of 10.45% per annum until the earlier of stated maturity or automatic call, if,and only if, the closing level of the lowest performing 
 Index on the applicable calculation day is greater than or equal to 75% of its starting level;                                                                                                      |

| ■ | understand that if the ending level of the lowest performing Index on the final calculation day has declined by more than 25% from its starting level, they will be fully exposed to the decline in the lowest performing Index from its 
 starting level and will lose more than 25%, and possibly all, of the face amount at stated maturity;                                                                                                                                     |

| ■ | are willing to accept the risk that they may receive few or no contingent coupon payments over the term of the securities; |

| ■ | understand that the securities may be automatically called prior to stated maturity and that the term of the securities may be as short as approximately six months; |

| ■ | understand that the return on the securities will depend solely on the performance of the Index that is the lowest performing Index on each calculation day and that they will not benefit in any way from the performance of a better 
 performing Index;                                                                                                                                                                                                                      |

| ■ | understand that the securities are riskier than alternative investments linked to only one of the Indices or linked to a basket composed of each Index; |

| ■ | understand and are willing to accept the full downside risks of each Index; |

| ■ | are willing to forgo participation in any appreciation of any Index and dividends on securities included in the Indices; and |

| ■ | are willing to hold the securities until maturity. |

The securities may not be an appropriate investment for investors who:

| ■ | seek a liquid investment or are unable or unwilling to hold the securities to maturity; |

| ■ | require full payment of the face amount of the securities at stated maturity; |

| ■ | seek a security with a fixed term; |

| ■ | are unwilling to purchase securities with an estimated value as of the pricing date that is lower than the original offering price; |

| ■ | are unwilling to accept the risk that the closing level of the lowest performing Index on