Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001140361-25-035069
Chunk: 20

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 20
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 from you in secondary market transactions, if any, will likely be less than 
 the price you paid for your securities, and any sale prior to the maturity date could result in a substantial loss to you.                                                                                                                    |

| ◾ | The temporary price at which the agent may initially buy the securities in the secondary market may not be indicative of future prices of your securities.Assuming                                                                             
 that all relevant factors remain constant after the pricing date, the price at which the agent may initially buy or sell the securities in the secondary market (if the agent makes a market in the securities, which it is not obligated to   
 do) may exceed the estimated value of the securities on the pricing date, as well as the secondary market value of the securities, for a temporary period after the original issue date of the securities, as discussed further under          
 “Additional Information About the Securities — Additional information regarding the estimated value of the securities”. The price at which the agent may initially buy or sell the securities in the secondary market may not be indicative of 
 future prices of your securities.                                                                                                                                                                                                              |

| September 2025 | Page13 |

| $22,951,000 Callable Contingent Income Securities with Daily Coupon Observation due September 16, 2027 |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index   
 Principal at Risk Securities                                                                           |

| ◾ | The underwriting discount, offering expenses and certain hedging costs are likely to adversely affect secondary market prices.Assuming no changes in market                                                                                 
 conditions or any other relevant factors, the price, if any, at which you may be able to sell the securities will likely be less than the public offering price. The public offering price includes, and any price quoted to you is likely  
 to exclude, any underwriting discount paid in connection with the initial distribution, offering expenses as well as the cost of hedging our obligations under the securities. In addition, any such price is also likely to reflect dealer 
 discounts, mark-ups and other transaction costs, such as a discount to account for costs associated with establishing or unwinding any related hedge transaction.                                                                           |

| ◾ | There may not be an active trading market for the securities — sales in the secondary market may result in significant losses.There may be little or no secondary                                                                              
 market for the securities. The securities will not be listed or displayed on any securities exchange or electronic communications network. The agent or another one of our affiliates may make a market for