Company: TDBCP
Filing Date: 2025-07-24
Form Type: 424B2
Source: 0001140361-25-027052
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-24
Form: 424B2
Chunk 14
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 as growth of gross national product, rate of inflation, capital reinvestment, resources and self-sufficiency.                                                                                           |

| ◾ | Governmental regulatory actions, such as sanctions, could adversely affect your investment in the Securities.Governmental regulatory actions, including, without limitation, sanctions-related actions by the U.S. or a foreign government, could prohibit or otherwise restrict persons from holding the securities or the index constituent stocks of the 
 Nikkei 225®Index, or engaging in transactions therein, and any such action could adversely affect the value of the Nikkei 225®Index or the securities. These regulatory actions could result in restrictions on the                                                                                                                                         
 securities and could result in the loss of a significant portion or all of your investment in the securities, including if you are forced to divest the securities due to the government mandates, especially if such divestment must be made at                                                                                                            
 a time when the value of the securities has declined.                                                                                                                                                                                                                                                                                                       |

| ◾ | Changes affecting the underlying indices, including a change in law event, could have an adverse effect on the market value                                                                                                                   
 of, and any amount payable on, the securities. The policies of each index sponsor as specified under “Information About the Underlying Indices” (together, the “index sponsors”), concerning additions, deletions and substitutions of        
 the index constituent stocks and the manner in which the index sponsor takes account of certain changes affecting those index constituent stocks may adversely affect the level of the underlying indices. The policies of the index sponsors 
 with respect to the calculation of the underlying indices could also adversely affect the levels of the underlying indices. The index sponsors may discontinue or suspend calculation or dissemination of the underlying indices. Any such    
 actions could have an adverse effect on the market value of, and any amount payable on, the securities.                                                                                                                                       |

Further, if a change in law event (as defined in the product supplement) occurs and the index sponsor does not take actions to comply with such law(s), the calculation agent may select a successor index or take other actions as discussed in the product supplement and, notwithstanding these adjustments, the market value of, and return on, the securities may be adversely affected.

| ◾ | There is no affiliation between the respective index sponsors and TD, and TD is not responsible for any disclosure by such.We or our affiliates may currently, or from time to time engage in business with the index sponsors. However, we and our affiliates are not affiliated with the sponsor of any underlying index and have no