Company: TDBCP
Filing Date: 2025-10-21
Form Type: 424B2
Source: 0001140361-25-038797
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-21
Form: 424B2
Chunk 2
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 receive over the term of the Notes and you will not participate in any increase 
 in the price 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 Price ofeachReference Asset is greater than or equal to its Initial Price 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 Price ofeachReference                                                                                                                                                                                                                                                                                                
 Asset is greater than or equal to its Barrier Price, 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 Price ofanyReference Asset                                                                                                                                                                                                                                                       
 is less than its Barrier Price, you will lose 1% of the Principal Amount of the Notes for each 1% that the Final Price of the Least Performing Reference Asset is less than its Initial Price, 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 price 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 price 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 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