Company: TDBCP
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001140361-25-033585
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-02
Form: 424B2
Chunk 8
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 securities of any other issuer. Investing in the Notes will not make you a holder of shares of the Reference Asset. You will not have any voting rights, any rights to receive dividends or other distributions, or any rights against the issuer of the Reference Asset (the “Reference Asset Issuer”). As a result, the return on your Notes may not reflect the return you would realize if you actually owned shares of the Reference Asset and received any dividends paid or other distributions made in connection with them. Your Notes will be paid in cash and you have no right to receive delivery of shares of the Reference Asset. Risks Relating to Characteristics of the Reference Asset There Are Single Stock Risks Associated With the Reference Asset. The value of the Reference Asset can rise or fall sharply due to factors specific to the Reference Asset and the Reference Asset Issuer, such as stock price volatility, earnings, financial conditions, corporate, industry and regulatory developments, management changes and decisions and other events, as well as general market factors, such as general stock market volatility and levels, interest rates and economic and political conditions. You, as an investor in the Notes, should make your own investigation into the Reference Asset and Reference Asset Issuer for your Notes. For additional information, see “Information Regarding the Reference Asset” in this pricing supplement and the Reference Asset Issuer's SEC filings. We urge you to review financial and other information filed periodically by the Reference Asset Issuer with the SEC. We Do Not Control the Reference Asset Issuer and Are Not Responsible for Any of its Disclosures. Neither we nor any of our affiliates have the ability to control the actions of the Reference Asset Issuer and have not conducted any independent review or due diligence of any information related to the Reference Asset or the Reference Asset Issuer. We are not responsible for the Reference Asset Issuer’s public disclosure of information on itself or the Reference Asset, whether contained in SEC filings or otherwise. You should make your own investigation into the Reference Asset Issuer.

| TD SECURITIES (USA) LLC | P-7 |

Limited Trading History. The Reference Asset has a limited trading history on its current primary exchange and, therefore, your investment linked to the Reference Asset may involve greater risks than an investment linked to the common stock of a company with a more established record of performance. Past performance of the Reference Asset should not be considered indicative of future performance of the Reference Asset. For additional information about the Reference Asset see the section “Information Regarding the Reference Asset" herein. Risks Relating to Estimated Value and Liqu