Company: TDBCP
Filing Date: 2025-11-21
Form Type: 424B2
Source: 0001140361-25-042982
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-21
Form: 424B2
Chunk 17
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 as hedging our obligations under the securities, secondary market prices of your securities will likely be less than the public offering price of your securities. As a result, the price at which 
 the agent, other affiliates of ours or third parties may be willing to purchase the securities from you in secondary market transactions, if any, will likely be less than the price you paid for your securities, and any sale prior to the       
 maturity date could result in a substantial loss to you.                                                                                                                                                                                           |

| ■ | The temporary price at which the agent may initially buy the securities in the secondary market may not be indicative of future prices of your securities.Assuming that all relevant factors remain                                               
 constant after the pricing date, the price at which the agent may initially buy or sell the securities in the secondary market (if the agent makes a market in the securities, which it is not obligated to do) may exceed the estimated value of 
 the securities on the pricing date, as well as the secondary market value of the securities, for a temporary period after the original issue date of the securities, as discussed further under “Additional Information About the Securities —    
 Additional information regarding the estimated value of the securities”. The price at which the agent may initially buy or sell the securities in the secondary market may not be indicative of future prices of your securities.                 |

| November 2025 | Page13 |

| $12,000,000 Callable Contingent Income Securities with Daily Coupon Observation due November 24, 2028 |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index  
 Principal at Risk Securities                                                                          |

| ■ | The underwriting discount, offering expenses and certain hedging costs are likely to adversely affect secondary market prices.Assuming no changes in market conditions or any other relevant factors,                                          
 the price, if any, at which you may be able to sell the securities will likely be less than the public offering price. The public offering price includes, and any price quoted to you is likely to exclude, any underwriting discount paid in 
 connection with the initial distribution, offering expenses as well as the cost of hedging our obligations under the securities. In addition, any such price is also likely to reflect dealer discounts, mark-ups and other transaction costs, 
 such as a discount to account for costs associated with establishing or unwinding any related hedge transaction.                                                                                                                               |

| ■ | There may not be an active trading market for the securities — sales in the secondary