Company: TDBCP
Filing Date: 2025-07-17
Form Type: 424B2
Source: 0001140361-25-026192
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-17
Form: 424B2
Chunk 8
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 the final index value of 
 the worst performing underlying index falls below its initial index value.You may lose up to your entire investment in the securities.                                                                                                          |

| ■ | The stated payout from the issuer applies only upon an early redemption or at maturity.You should be willing to hold your securities to an early redemption or maturity. The stated payout, including                                              
 the benefit of the early redemption payment or the fixed upside payment at maturity, is available only if you hold your securities to an early redemption or to maturity, as applicable. 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 in the securities even if the then-current values of the underlying indices are greater than or equal to their respective initial index values.           |

| ■ | Your potential return on the securities is limited and you will not participate in any increase of the underlying indices.The return potential of the securities is limited to the early redemption                                               
 payment or, if the securities are not automatically redeemed prior to maturity and the final index value of all of the underlying indices are greater than or equal to their respective trigger levels, the fixed upside payment at maturity,     
 regardless of any increase of the underlying indices. Furthermore, if the securities are redeemed prior to maturity, you will not receive any other payment in respect of any determination dates after the applicable early redemption date, and 
 your return on the securities could be less than if the securities remained outstanding until maturity. If the securities are not redeemed prior to maturity, you may be subject to the decrease of the worst performing underlying index even    
 though you cannot participate in any increase of the underlying indices. Your return on the securities may be less than that of a hypothetical direct investment in the underlying indices or the index constituent stocks.                       |

| ■ | Greater expected volatility with respect to the underlying indices generally reflects a higher return rate represented by the early redemption payments and fixed upside payment at maturity and a higher                                        
 expectation as of the pricing date that the final index value of any underlying index could be less than its trigger level.Greater expected volatility with respect to, and lower expected correlation of, the underlying indices                
 reflects a higher expectation as of the pricing date that the securities will not be redeemed prior to maturity and that the final index value of any of the underlying indices could be less than its trigger level. “Volatility” refers to the 
 frequency and magnitude of changes in the level of an asset or group of assets. This greater expected risk will generally be reflected in