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

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 16
---
 to or
    providing advisory services to those companies. These services could include investment banking and merger and acquisition advisory services. These business activities may present a conflict between our, the agent’s and/or our other affiliates’
    obligations, and your interests as a holder of the PLUS. Moreover, we, the agent and/or our other affiliates may have published, and in the future expect to publish, research reports with respect to the underlying index or one or more index constituent
    stocks. This research is modified from time to time without notice and may express opinions or provide recommendations that are inconsistent with purchasing or holding the PLUS. Any of these activities by us and/or our other affiliates may affect the
    value of the underlying index and, therefore, the market value of, and return on, the PLUS.

| September 2025 | Page10 |

<div align='center'>**Risks Relating to Canadian and U.S. Federal Income Taxation**</div>

| ◾ | Significant aspects of the tax treatment of the PLUS are uncertain.Significant aspects of the U.S. tax treatment of the PLUS are uncertain. You should read carefully the section entitled “Material 
 U.S. federal income tax consequences” herein and in the product supplement. You should consult your tax advisor as to the tax consequences of your investment in the PLUS.                           |

For a discussion of the Canadian federal income tax consequences of investing in the PLUS, please see the discussion in the prospectus under “Tax Consequences – Canadian Taxation” and
    in the product supplement under “Supplemental Discussion of Canadian Tax Consequences” and the further discussion herein under “Additional Information About the PLUS”. If you are not a Non-resident Holder (as that term is defined in the prospectus) for
    Canadian federal income tax purposes or if you acquire the PLUS in the secondary market, you should consult your tax advisors as to the consequences of acquiring, holding and disposing of the PLUS and receiving the payment that might be due under the
    PLUS.

| September 2025 | Page11 |

**Information About the Underlying Index

All disclosures contained in this document regarding the underlying index are derived from publicly available information. TD has not conducted any independent review or due diligence
    of any publicly available information with respect to the underlying index. You should make your own investigation into the underlying index.**

#### S&P 500®Index
We have derived all information regarding the S&P 500 ® Index (“SPX”) contained in this document, including, without