Company: TDBCP
Filing Date: 2025-07-17
Form Type: 424B2
Source: 0001140361-25-026192
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-17
Form: 424B2
Chunk 14
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 non-U.S. economy may differ favorably or unfavorably from the U.S. economy in important respects, such as growth of gross national product, rate of inflation,  
 capital reinvestment, resources and self-sufficiency.                                                                                                                                                                                              |

| ■ | The securities are subject to small-capitalization stock risks.The securities are linked to the Russell 2000®Index, which is comprised of index constituent stocks issued by                                                                      
 small-capitalization companies and, therefore, are subject to risks associated with small-capitalization companies. These companies often have greater stock price volatility, lower trading volume and less liquidity than large-capitalization  
 companies and therefore the underlying index may be more volatile than an index of which a greater percentage of its index constituent stocks are issued by large-capitalization companies. Stock prices of small-capitalization companies are    
 also more vulnerable than those of large-capitalization companies to adverse business and economic developments, and the stocks of small-capitalization companies may be thinly traded. In addition, small-capitalization companies are typically 
 less stable financially than large-capitalization companies and may depend on a small number of key personnel, making them more vulnerable to loss of personnel. Small-capitalization companies are often given less analyst coverage and may be  
 in early, and less predictable, periods of their corporate existences. Such companies tend to have smaller revenues, less diverse product lines, smaller shares of their product or service markets, fewer financial resources and less           
 competitive strengths than large-capitalization companies and are more susceptible to adverse developments related to their products.                                                                                                             |

| ■ | The underlying indices reflect price return, not total return.The return on your securities is based on the performance of the underlying indices, which reflect the changes in the market prices of                                              
 the index constituent stocks. The underlying indices are not, however, linked to a “total return” index or strategy, which, in addition to reflecting those price returns, would also reflect any dividends paid on the index constituent stocks. 
 The return on your securities will not include such a total return feature or dividend component.                                                                                                                                                 |

| ■ | Changes affecting the underlying indices, including a change in law event, could have an adverse effect on the market value of, and any amount payable on, the securities.The policies of each index                                               
 sponsor as specified under “Information About the Underlying Indices” (together, the “index sponsors”), concerning additions, deletions and substitutions of the index constituent stocks and the manner in which the index sponsor takes account  
 of certain changes affecting those index constituent stocks may