Company: TDBCP
Filing Date: 2025-09-22
Form Type: 424B2
Source: 0001140361-25-035692
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-22
Form: 424B2
Chunk 9
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 tax consequences of an investment in the notes and the potential alternative treatments.                                                                                                 |

| ◾ | For a discussion of the Canadian federal income tax consequences of investing in the notes, please see the discussion in the prospectus under “Tax Consequences — Canadian Taxation” and in the product supplement EQUITY SUN-1 under      
 “Supplemental Discussion of Canadian Tax Consequences” and the further discussion herein under “Summary of Canadian Federal Income Tax Consequences”. If you are not a Non-resident Holder (as that term is defined in the prospectus) for 
 Canadian federal income tax purposes or if you acquire the notes in the secondary market, you should consult your tax advisors as to the consequences of acquiring, holding and disposing of the notes and receiving the payments that     
 might be due under the notes.                                                                                                                                                                                                              |

| Market-Linked One Look Notes | TS-7 |

Additional Risk Factors Additional Risk Factors Related to the Underlying Fund The price of the Underlying Fund is linked closely to the price of silver, which may change unpredictably and affect the value of the notes in unforeseeable ways. The Underlying Fund generally attempts to reflect the price of silver, before fees and expenses, as described below. The price of silver may be influenced by a number of factors that interrelate in complex and unpredictable ways, including, without limitation, supply and demand for silver for use in jewelry, industrial applications or other settings, governmental regulation, geopolitical events, and/or developments or expected developments regarding inflation, interest rates or other economic variables. Any of these factors may lead to negative movements in the price of silver, which may in turn have an adverse effect on the price of the Underlying Fund and the value of your notes. The Underlying Fund is concentrated in a single commodity. The Underlying Fund is linked exclusively to the price of silver. Accordingly, the performance of the Underlying Fund will be significantly affected by the market value of only a single commodity. An investment in notes linked to the performance of the Underlying Fund lacks diversification and does not have the benefit of other offsetting components which may increase when other components are decreasing. The price of silver may not correlate to the price of commodities generally and may diverge significantly from the prices of commodities generally. Because the Underlying Fund is linked to the price of a single commodity, it can carry greater risk and may be more volatile than a security linked to the prices of multiple commodities or a broad-based commodity index. Changes in the methodology used to calculate the silver spot price