Company: TDBCP
Filing Date: 2025-10-22
Form Type: 424B2
Source: 0001140361-25-038902
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-22
Form: 424B2
Chunk 12
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 at maturity. If TD                                                                                
 does not elect to redeem the securities prior to maturity and the final index value of any underlying index is less than its downside threshold level, you will receive a cash payment per security that will be less than 70.00% of the stated 
 principal amount of the securities and you will be exposed on a 1-to-1 basis to the decline of the worst performing underlying index.You may lose your entire investment in                                                                     
 the securities.                                                                                                                                                                                                                                 |

| ◾ | Contingent repayment of stated principal amount only at maturity.If TD does not elect to redeem the securities prior                                                                                                                   
 to maturity, you should be willing to hold your securities to maturity. If you are able to sell your securities prior to maturity in the secondary market, you may have to sell them at a loss relative to your investment even if the 
 then-current levels of all of the underlying indices are greater than or equal to their respective downside threshold levels.                                                                                                          |

| ◾ | You may not receive any contingent quarterly coupons.TD will not necessarily make periodic payments on the securities.                                                                                                                             
 If the index closing value ofanyof the underlying indices onany trading dayduring a                                                                                                                                                                
 quarterly observation period is less than its coupon threshold level, TD will not pay you the contingent quarterly coupon applicable to such quarterly observation period. This will be the case even if the index closing value of each other     
 underlying index is equal to or greater than its respective coupon threshold level on each trading day during that quarterly observation period, and even if the index closing value of that underlying index was higher than its coupon threshold 
 level on every other trading day during the quarterly observation period. If the index closing value of any underlying index on at least one trading day during each quarterly observation period is less than its coupon threshold level, TD will 
 not pay you any contingent quarterly coupons during the term of, and you will not receive a positive return on, your securities. Generally, this non-payment of the contingent quarterly coupon coincides with a period of greater risk of         
 principal loss on your securities. Because there is more than one underlying index, it is more likely that you will (a) not receive any contingent quarterly coupons and/or (b) receive an amount in cash that is worth less than your stated      
 principal amount on the maturity date than would have been the case had the securities been linked to only one underlying index.                                                                                                                   |

| ◾ | Greater expected volatility with respect to, and lower expected correlation of, the underlying indices generally reflects