Company: TDBCP
Filing Date: 2025-07-25
Form Type: 424B2
Source: 0001140361-25-027353
Chunk: 13

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-25
Form: 424B2
Chunk 13
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 risk that you will not receive a contingent quarterly coupon on any determination date and that you will lose a significant portion or             
 all of your investment in the securities is greater if you invest in the securities as opposed to securities that are linked to the performance of a single underlying index if their terms are otherwise substantially similar. With a greater 
 total number of underlying indices, it is more likely that the index closing value or the final index value, as applicable, ofanyunderlying index will be less than its coupon threshold level and/or                                           
 downside threshold level. Therefore, it is more likely that you will (a) not receive any contingent quarterly coupons and/or (b) receive an amount in cash that is worth less than your stated principal amount on the maturity date than would 
 have been the case had the securities been linked to only one underlying index. In addition, if the performances of the underlying indices are not correlated to each other, the risk that the index closing value (on any determination date   
 other than the final determination date) or the final index value, as applicable, ofanyunderlying index is less than its coupon threshold level or downside threshold level is even greater.                                                    |

Risks Relating to Characteristics of the Underlying Indices

| ■ | The level of each underlying index will be affected by various factors that interact in complex and unpredictable ways.The return on the securities, which may be negative, is linked to the                                                   
 performance of each underlying index and indirectly linked to the value of the index constituent stocks. The level of each underlying index can rise or fall sharply due to factors specific to such underlying index or its index constituent 
 stocks and their issuers (the “index constituent stock issuers”), such as stock or commodity 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 or commodity market volatility and levels, interest rates and economic and political conditions. You, as an investor in the securities, should make your own           
 investigation into the underlying indices and the index constituent stocks.                                                                                                                                                                    |

| ■ | There can be no assurance that the investment view implicit in the securities will be successful.It is impossible to predict whether and the extent to which the levels of the underlying indices                                               
 will rise or fall and there can be no assurance that the index closing value ofeachunderlying index on any determination date will be greater than or equal to its coupon threshold level, or, if the                                           
 securities are not redeemed