Company: TDBCP
Filing Date: 2025-10-02
Form Type: 424B2
Source: 0001140361-25-037080
Chunk: 21

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-02
Form: 424B2
Chunk 21
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 securities declines. We or one or more of our affiliates may also issue or underwrite other securities or financial or derivative instruments with returns linked or related to changes in an underlying index or one or  
 more index constituent stocks.                                                                                                                                                                                                                |

| September 2025 | Page14 |

| $20,961,000 Callable Contingent Income Securities with Daily Coupon Observation due October 5, 2027  |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index 
 Principal at Risk Securities                                                                         |

These trading activities may present a conflict between the holders’ interest in the securities and the interests we and our affiliates will have in our or their proprietary accounts, in facilitating transactions, including options and other derivatives transactions, for our or their customers’ accounts and in accounts under our or their management. These trading activities could be adverse to the interests of the holders of the securities. We, the agent and/or our other affiliates may, at present or in the future, engage in business with one or more index constituent stock issuers, including making loans to or providing advisory services to those companies. These services could include investment banking and merger and acquisition advisory services. These business activities may present a conflict between our, the agent’s and/or our other affiliates’ obligations, and your interests as a holder of the securities. Moreover, we, the agent and/or our other affiliates may have published, and in the future expect to publish, research reports with respect to an underlying index or one or more index constituent stocks. This research is modified from time to time without notice and may express opinions or provide recommendations that are inconsistent with purchasing or holding the securities. Any of these activities by us and/or our other affiliates may affect the value of an underlying index and, therefore, the market value of, and any amounts payable on, the securities. Risks Relating to Canadian and U.S. Federal Income Taxation

| ◾ | Significant aspects of the tax treatment of the securities are uncertain.Significant aspects of the U.S. tax treatment of the securities are uncertain. You should read carefully the section       
 entitled “Material U.S. federal income tax consequences” herein and in the product supplement. You should consult your tax advisor as to the tax consequences of your investment in the securities. |

For a discussion of the Canadian federal income tax consequences of investing in the securities, please see the discussion in the prospectus under “Tax Consequences – Canadian Taxation” and in the product supplement