Company: TDBCP
Filing Date: 2025-07-01
Form Type: 424B2
Source: 0001140361-25-024366
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-01
Form: 424B2
Chunk 3
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 or reject any offer to purchase, the Notes prior to their issuance. In the event of any changes to the terms of the Notes, we will notify you and you will be asked to accept such changes in connection with your purchase. You may also choose to reject such changes, in which case we may reject your offer to purchase.

| TD SECURITIES (USA) LLC | P-2 |

Selected Purchase Considerations

| • | Potential for Greater of Digital Return and Unleveraged Participation in any Upside Appreciation– If the Notes are not subject to an automatic call, at maturity, if the Final Price isgreater than or equal tothe Initial Price, you will receive a return at maturity in cash equal to the greater of (i) the Digital Return and (ii) any percentage increase of the Reference Asset from the 
 Initial Price to the Final Price.Any payments or deliveries on the Notes, including any repayment of principal, are subject to our credit risk.                                                                                                                                                                                                                                                 |

| • | Potential For Automatic Call– The Notes will be subject to an automatic call if the Closing Price of the Reference Asset isgreater than or equal tothe                                                                                        
 Call Price on the Review Date and, therefore, are subject to reinvestment risk. If the Notes are subject to an automatic call, on the Call Payment Date, you will receive a cash payment per Note equal to the Principal Amount plus the Call 
 Premium and no further amounts will be owed to you under the Notes.                                                                                                                                                                           |

| • | Contingent Repayment of Principal, with Potential for Full Downside Exposure– If the Notes are not subject to an automatic call and the Final Price isless thanthe Initial Price and greater than or equal to the Buffer Price, you will receive a cash payment per Note equal to the Principal Amount. If, however, the Notes are not subject to an automatic call and the Final Price is less than the Buffer 
 Price, you will receive at maturity a number of shares of the Reference Asset per Note equal to the Physical Delivery Amount, the value of which, based on the Final Price, will be worth less than the Principal Amount, and, therefore, may                                                                                                                                                                   
 lose your entire Principal Amount of the Notes. Specifically, as of the Valuation Date, you will lose approximately 1.1765% of the Principal Amount of the Notes for each 1% that the Final Price is less than the Initial Price in excess of                                                                                                                                                                   
 the Buffer Amount, and may lose your entire Principal Amount.                                                                                                                                                                                                                                                                                                                                                   |

Additional