Company: TDBCP
Filing Date: 2025-11-26
Form Type: 424B2
Source: 0001140361-25-043489
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-26
Form: 424B2
Chunk 2
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our” refers to The Toronto-Dominion Bank and its subsidiaries. We reserve the right to change the terms of, or reject any offer to purchase, the Notes prior to their issuance. In the event of any changes to the terms of the Notes, we will notify you and you will be asked to accept such changes in connection with your purchase. You may also choose to reject such changes, in which case we may reject your offer to purchase.

| TD SECURITIES (USA) LLC | P-2 |

Selected Purchase Considerations

| • | Limited Return Potential —The return potential of the Notes is limited to any Contingent Interest Payments you may receive over the term of the Notes and you will not participate in any increase 
 in the level of any Reference Asset. If you don’t receive any Contingent Interest Payments over the term of the Notes, you will not have a positive return on your investment.                     |

| • | Potential For Automatic Call —The Notes will be automatically called if the Closing Level ofeachReference Asset is greater than or equal to its Initial Level on any Review Date other than the Final Review Date and are, therefore, subject to reinvestment risk. If the 
 Notes are automatically called, on the Call Payment Date, you will receive a cash payment per Note equal to the Principal Amount, plus the Contingent Interest Payment otherwise due.                                                                                      |

| • | Contingent Repayment of Principal, with Potential for Full Downside Exposure —If the Notes are not automatically called and the Final Level ofeachReference                                                                                     
 Asset is greater than or equal to its Barrier Level, you will receive a cash payment per Note equal to the Principal Amount. If, however, the Notes are not automatically called and the Final Level ofanyReference                             
 Asset is less than its Barrier Level, you will lose 1% of the Principal Amount of the Notes for each 1% that the Final Level of the Least Performing Reference Asset is less than its Initial Level, and may lose your entire investment in the 
 Notes.You will be exposed to the market risk of each Reference Asset and any decline in the level of one Reference Asset may negatively affect your return on the Notes and will not be offset or mitigated                                     
 by a lesser decline or any potential increase in the level of any other Reference Asset. 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