Company: TDBCP
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0001140361-25-036438
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-29
Form: 424B2
Chunk 2
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us. Unless otherwise indicated or unless the context requires otherwise, all references in this document to “we,” “us,” “our,” or similar references are to TD.

Investor Considerations You may wish to consider an investment in the notes if:

| ◾ | You anticipate that the Ending Value will be greater than or equal to the Starting Value. |

| ◾ | You seek interest payments on your investment. |

| ◾ | You accept that the maximum return on the notes is limited to the sum of the quarterly interest payments and the Step Payment, if any. |

| ◾ | You accept that your investment may result in a loss, which could be significant, if the Ending Value is below the Threshold Value. |

| ◾ | You are willing to forgo dividends or other benefits of owning the Underlying Stock. |

| ◾ | You are willing to accept that a limited market or no market exists for sales of the notes prior to maturity, and understand that the market price for the notes in any secondary market may be adversely affected by various factors, 
 including, but not limited to, our actual and perceived creditworthiness, our internal funding rate and fees and charges on the notes, as described on page TS-2.                                                                      |

| ◾ | You are willing to assume our credit risk, as issuer of the notes, for all payments under the notes, including the Redemption Amount. |

The notes may not be an appropriate investment for you if:

| ◾ | You anticipate that the Ending Value will be less than the Starting Value. |

| ◾ | You anticipate that the price of the Underlying Stock will increase substantially and do not want a payment at maturity that is limited to the Step Payment. |

| ◾ | You seek principal repayment or preservation of capital. |

| ◾ | In addition to interest payments, you seek an additional guaranteed return above the principal amount. |

| ◾ | You seek to receive dividends or other distributions paid on the Underlying Stock. |

| ◾ | You seek an investment for which there will be a liquid secondary market. |

| ◾ | You are unwilling or are unable to take market risk on the notes or to accept the credit risk of TD as issuer of the notes. |

We urge you to consult your investment, legal, tax, accounting, and other advisors concerning an investment in the notes.

| STEP Income Securities® | TS-3 |

| STEPIncomeSecurities®                                                          
 Linked to the Common Stock of Chipotle Mexican Grill,