Company: TDBCP
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001140361-25-028635
Chunk: 15

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-04
Form: 424B2
Chunk 15
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 and credit spreads may adversely affect the market value                                                                                                                     
 of the Buffered PLUS.Although the return on the Buffered PLUS will be based on the performance of the underlying index, the payment of any amount due on the Buffered PLUS is subject to TD’s credit risk. The Buffered PLUS are TD’s           
 senior unsecured debt obligations. Investors are dependent on TD’s ability to pay all amounts due on the Buffered PLUS and, therefore, investors are subject to the credit risk of TD and to changes in the market’s view of TD’s               
 creditworthiness. Any decrease in TD’s credit ratings or increase in the credit spreads charged by the market for taking TD’s credit risk is likely to adversely affect the market value of the Buffered PLUS. If TD becomes unable to meet its 
 financial obligations as they become due, investors may not receive any amounts due under the terms of the Buffered PLUS.                                                                                                                       |

Risks Relating to Hedging Activities and Conflicts of Interest

| ◾ | There are potential conflicts of interest between you and the calculation agent.The calculation agent will, among                                                                                                                                
 other things, determine the amount payable on the Buffered PLUS. We will serve as the calculation agent and may appoint a different calculation agent after the original issue date without notice to you. The calculation agent will exercise   
 its judgment when performing its functions and may have a conflict of interest if it needs to make certain decisions. For example, the calculation agent may have to determine whether a market disruption event affecting the underlying index  
 has occurred, and make certain adjustments if certain events occur, which may, in turn, depend on the calculation agent’s judgment as to whether the event has materially interfered with our ability or the ability of one of our affiliates to 
 unwind our hedge positions. Because this determination by the calculation agent may affect the return on the Buffered PLUS, the calculation agent may have a conflict of interest if it needs to make a determination of this kind. For          
 additional information on the calculation agent’s role, see “General Terms of the Notes — Role of Calculation Agent” in the product supplement.                                                                                                  |

| July 2025 | Page11 |

| $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                                                                              |

| ◾ | The valuation date, and therefore the maturity date, are subject to market disruption events and postponements.The                                                                                                                           
 valuation date, and therefore the