Company: TDBCP
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001140361-25-033798
Chunk: 35

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-03
Form: 424B2
Chunk 35
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 any tax consequences of the purchase, beneficial ownership and disposition of the securities arising under the laws of any state, local, non-U.S. or other taxing jurisdiction (including that of TD and those of the index constituent stock  
 issuers).                                                                                                                                                                                                                                      |
| Supplemental information           
 regarding plan of distribution     
 (conflicts of interest); secondary 
 markets (if any):                  | We have appointed TDS, an affiliate of TD, as the agent for the sale of the securities. Pursuant to the terms of a distribution agreement, TDS has agreed to purchase the securities from TD at                                                
 the price to public less a fee of $20.00 per security. TDS has agreed to resell all of the securities to Morgan Stanley Wealth Management with an underwriting discount of $20.00 reflecting a fixed sales commission of $15.00 and fixed      
 structuring fee of $5.00 per $1,000.00 stated principal amount of securities that Morgan Stanley Wealth Management sells. TD or an affiliate will also pay a fee to LFT Securities, LLC, an entity in which TD and an affiliate of Morgan      
 Stanley Wealth Management have an ownership interest, for providing certain electronic platform services with respect to this offering.                                                                                                        |
|                                    | Conflicts of Interest —TDS is an affiliate of TD and, as such, has a “conflict of interest” in this offering within the meaning of Financial Industry                                                                                          
 Regulatory Authority, Inc. (“FINRA”) Rule 5121. If any other affiliate of TD participates in this offering, that affiliate will also have a “conflict of interest” within the meaning of FINRA Rule 5121. In addition, TD will receive the net 
 proceeds from the initial public offering of the securities, thus creating an additional conflict of interest within the meaning of FINRA Rule 5121. This offering of the securities will be conducted in compliance with the provisions of    
 FINRA Rule 5121. In accordance with FINRA Rule 5121, neither TDS nor any other affiliate of ours is permitted to sell the securities in this offering to an account over which it exercises discretionary authority without the prior specific 
 written approval of the account holder.                                                                                                                                                                                                        |

| August 2025 | Page29 |

| $5,879,000 Callable Contingent Income Securities with Daily Coupon Observation due September 2, 2027 |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®