Company: TDBCP
Filing Date: 2025-09-26
Form Type: 424B2
Source: 0001140361-25-036259
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-26
Form: 424B2
Chunk 3
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ITIES (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 appreciation in the level of the 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 of the Reference Asset is greater than or equal to the 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 and any previously unpaid Contingent Interest Payments with respect to any previous Review     
 Dates pursuant to the Memory Interest Feature.                                                                                                                                                                                                   |

| • | Contingent Repayment of Principal, with Potential for Full Downside Exposure –If the Notes are not automatically called and the Final Level is greater than or equal to the Barrier Level, in addition to any Contingent Interest Payment otherwise due on the Maturity Date and any previously unpaid 
 Contingent Interest Payments with respect to any previous Review Dates pursuant to the Memory Interest Feature, 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 is less than the Barrier Level, you will lose 1% of the Principal Amount of the Notes for each 1% that the Final Level is less than the Initial Level, and may lose your entire investment in the Notes.                                                                               |

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