Company: TDBCP
Filing Date: 2025-07-28
Form Type: 424B2
Source: 0001140361-25-027562
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-28
Form: 424B2
Chunk 9
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 including the restructuring of economic, political, financial and legal systems. The regulatory and tax environments in these nations may be subject to change without review or appeal and many emerging markets suffer from underdevelopment of their capital markets and their tax systems. In addition, in some of these nations, issuers of the relevant securities face the threat of expropriation of their assets and/or nationalization of their businesses. It may be more difficult for an investor in these markets to monitor investments in these companies, because these companies may be subject to fewer disclosure requirements than companies in developed markets, and economic and financial data about some of these countries may be unreliable.

| Capped Notes with Absolute Return Buffer | TS-7 |

Additionally, pursuant to executive orders, U.S. persons are prohibited from engaging in transactions in publicly traded securities of certain companies that are determined to be linked to the military, intelligence and security apparatus of the People’s Republic of China. The prohibition also covers any securities that are derivative of, or are designed to provide investment exposure to, such securities. In response to this, the Index sponsor announced that it removed a small number of companies from the Index. If in the future any existing constituent of the Index is designated as such a prohibited company, the value of such constituent may be adversely affected, perhaps significantly, which would adversely affect the performance of the Index. In addition, under these circumstances, the Index sponsor has publicly announced that it intends to remove any such constituent from the Index. Any changes to the composition of the Index in response to the executive orders described above may adversely affect the performance of the Index and the notes. Other Terms of the Notes Market Measure Business Day The following definition shall supersede and replace the definition of a “Market Measure Business Day” set forth in product supplement EQUITY LIRN-1. A “Market Measure Business Day” means a day on which: (A) each of the London Stock Exchange, Hong Kong Stock Exchange, São Paulo Stock Exchange, Korea Stock Exchange and Shanghai Stock Exchange (or any successor) are open for trading; and (B) the Index or any successor thereto is calculated and published.

| Capped Notes with Absolute Return Buffer | TS-8 |

The Index All disclosures contained in this term sheet regarding the Index, including, without limitation, its make-up, method of calculation, and changes in its components, have been derived from publicly available sources. The information reflects the policies of, and is subject to change by, MSCI Inc. (“MSCI” or the “Index sponsor