Company: TDBCP
Filing Date: 2025-08-21
Form Type: 424B2
Source: 0001140361-25-032200
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-21
Form: 424B2
Chunk 16
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 the market prices of                                            
 the index constituent stocks. It is not, however, linked to a “total return” index or strategy, which, in addition to reflecting those price returns, would also reflect any dividends paid on the index constituent stocks. The return on your 
 securities will not include such a total return feature or dividend component.                                                                                                                                                                  |

| ■ | The securities will not be adjusted for changes in exchange rates related to the U.S. dollar.Although the index constituent stocks of the Nikkei 225®Index trade in Japanese yen, the                                                           
 securities are denominated in U.S. dollars. The calculation of the amount payable on the securities at maturity will not be adjusted for changes in the exchange rates between the U.S. dollar and the Japanese yen. Changes in exchange rates, 
 however, may reflect changes in various non-U.S. economies that in turn may affect the value of the Nikkei 225®Index and, accordingly, the amount payable on the securities. You will not benefit from any appreciation of the                  
 Japanese yen relative to the U.S. dollar, which you would have had you owned such stocks directly.                                                                                                                                              |

| ■ | The securities are subject to non-U.S. securities market risk.The Nikkei 225®Index is subject to risks associated with non-U.S. securities markets, specifically that of Japan. An                                                             
 investment in securities, such as these securities, linked directly or indirectly to the value of securities issued by non-U.S. companies involves particular risks. Generally, non-U.S. securities markets may be more volatile than U.S.     
 securities markets, and market developments may affect non-U.S. markets differently than U.S. securities markets. Direct or indirect government intervention to stabilize these non-U.S. markets, as well as cross shareholdings in non-U.S.   
 companies, may affect trading prices and volumes in those markets. There is generally less publicly available information about non-U.S. companies than about those U.S. companies that are subject to the reporting requirements of the SEC,  
 and non-U.S. companies are subject to accounting, auditing and financial reporting standards and requirements that differ from those applicable to U.S. reporting companies. Securities prices in non-U.S. countries are subject to political, 
 economic, financial and social factors that may be unique to the particular country. These factors, which could negatively affect the non-U.S. securities markets, include the possibility of recent or future changes in the non-U.S.         
 government’s economic and fiscal policies