Company: TDBCP
Filing Date: 2025-09-22
Form Type: 424B2
Source: 0001140361-25-035692
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-22
Form: 424B2
Chunk 2
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 will govern: first, this term sheet; second, product supplement EQUITY SUN-1; and last, the prospectus. Unless otherwise indicated or unless the context requires otherwise, all references in this document to “we,” “us,” “our,” or similar references are to TD. To the extent the determination of the Redemption Amount and other terms described in this term sheet are inconsistent with those described in the accompanying product supplement, prospectus supplement or prospectus, the determination of the Redemption Amount and other terms described in this term sheet shall control. Investor Considerations

| You may wish to consider an investment in the notes if: |

| ◾ | You anticipate that the price of the Underlying Fund will not decrease from the Starting Value to the Ending Value. |

| ◾ | You accept that the return on the notes will be limited to the return represented by the Step Up Payment. |

| ◾ | You are willing to risk a substantial or entire loss of principal if the price of the Underlying Fund decreases from the Starting Value to the Ending Value. |

| ◾ | You are willing to forgo interest payments that are paid on conventional interest -bearing debt securities. |

| ◾ | You are willing to forgo the benefits of directly owning the Underlying Fund or the commodity held by the Underlying Fund. |

| ◾ | You are willing to accept that a limited market or no market exists for sales of the notes prior to maturity, and understand that the market price for the notes in any secondary market may be          
 adversely affected by various factors, including, but not limited to, our actual and perceived creditworthiness, our internal funding rate and fees and charges on the notes, as described on page TS-2. |

| ◾ | You are willing to assume our credit risk, as issuer of the notes, for all payments under the notes, including the Redemption Amount. |

| The notes may not be an appropriate investment for you if: |

| ◾ | You believe that the price of the Underlying Fund will decrease from the Starting Value to the Ending Value or that it will increase by more than the return represented by the Step Up Payment. |

| ◾ | You seek principal repayment or preservation of capital. |

| ◾ | You seek interest payments or other current income on your investment. |

| ◾ | You want to receive the benefits of directly owning the Underlying Fund or the commodity held by the Underlying Fund. |

| ◾ | You seek an investment for which