Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001140361-25-035084
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 8
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 in a payment at maturity of $400.00 per PLUS (a
    return on investment of -60.00%).

If the final index value is less than the initial index value, you will lose 1% for every 1% that the final index value falls below the initial index value and you
    could lose up to your entire investment in the PLUS.**

| September 2025 | Page6 |

Risk Factors

The following is a non-exhaustive list of certain key risk factors for investors in the PLUS. For further discussion of these and other risks, you should read the section entitled
    “Additional Risk Factors Specific to the Notes” of the accompanying product supplement and “Risk Factors” of the accompanying prospectus. We also urge you to consult your investment, legal, tax, accounting and other advisors concerning an investment in
    the PLUS.

#### Risks Relating to Return Characteristics
| ■ | The PLUS do not provide any protection against loss; you may lose up to your entire investment.The PLUS differ from ordinary debt securities in that TD will not necessarily repay the stated principal                                              
 amount of the PLUS at maturity. TD will pay you the stated principal amount of your PLUS at maturity only if the final index value is equal to or greater than the initial index value. You will be exposed on a 1-for-1 basis to any decline of the 
 final index value of the underlying index relative to the initial index value. If the final index value is less than the initial index value, you will lose 1% of your principal for every 1% that the final index value falls below the initial     
 index value.You may lose up to your entire investment in the PLUS.                                                                                                                                                                                   |

| ■ | The stated payout from the issuer applies only at maturity.You should be willing to hold your PLUS to maturity. The stated payout, including the benefit of the leverage factor, is available only if                                              
 you hold your PLUS to maturity. If you are able to sell your PLUS prior to maturity in the secondary market, you may have to sell them at a loss relative to your investment in the PLUS even if the then-current value of the underlying index is 
 equal to or greater than the initial index value.                                                                                                                                                                                                  |

| ■ | Your potential return on the PLUS is limited to the maximum gain.The return potential of the PLUS is limited to the maximum gain. Therefore, you will not benefit from any positive underlying return in                               
 excess of an amount that, when multiplied by the leverage factor, exceeds the maximum gain