Company: TDBCP
Filing Date: 2025-07-16
Form Type: 424B2
Source: 0001140361-25-026031
Chunk: 25

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-16
Form: 424B2
Chunk 25
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 Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index         
 Principal at Risk Securities                                                                                 |

|                                  | to Estimated Value and Liquidity” herein. Because our internal funding rate generally represents a discount from the levels at which our benchmark debt securities trade in the secondary                                                        
 market, the use of an internal funding rate for the securities rather than the levels at which our benchmark debt securities trade in the secondary market is expected, assuming all other economic terms are held constant, to increase the     
 estimated value of the securities. For more information see the discussion under “Risk Factors — Risks Relating to Estimated Value and Liquidity — The estimated value of your securities is based on our internal funding rate”.                
 Our estimated value of the securities is not a prediction of the price at which the securities may trade in the secondary market, nor will it be the price at which the agent may buy or sell                                                    
 the securities in the secondary market. Subject to normal market and funding conditions, the agent or another affiliate of ours intends to offer to purchase the securities in the secondary market but it is not obligated to do so.            
 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 any, may exceed                                                     
 our estimated value on the pricing date for a temporary period expected to be approximately 6 weeks after the original issue date because, in our discretion, we may elect to effectively reimburse to investors a portion of the estimated cost 
 of hedging our obligations under the securities and other costs in connection with the securities which we will no longer expect to incur over the term of the securities. We made such discretionary election and determined this temporary     
 reimbursement period on the basis of a number of factors, including the tenor of the securities and any agreement we may have with the distributors of the securities. The amount of our estimated costs which we effectively reimburse to       
 investors in this way may not be allocated ratably throughout the reimbursement period, and we may discontinue such reimbursement at any time or revise the duration of the reimbursement period after the original issue date of the securities 
 based on changes in market conditions and other factors that cannot be predicted.                                                                                                                                                                
 We urge you to read the “Risk Factors” in this pricing supplement for additional information.                                                                                                                                                    |
| Material Canadian income tax     
 consequences:                    | Please see the discussion in the prospectus under “Tax Consequences – Canadian Taxation” and in the product supplement under