Company: TDBCP
Filing Date: 2025-08-19
Form Type: 424B2
Source: 0001140361-25-031886
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-19
Form: 424B2
Chunk 17
---
 agent’s judgment as to whether the event has materially interfered with our ability or the ability of one of our affiliates to unwind our hedge positions. Because this determination by the calculation agent  
 may affect the return on the Buffered PLUS, the calculation agent may have a conflict of interest if it needs to make a determination of this kind. For additional information on the calculation agent’s role, see “General Terms of the Notes 
 — Role of Calculation Agent” in the product supplement.                                                                                                                                                                                         |

| ◾ | The valuation date, and therefore the maturity date, are subject to market disruption events and postponements.The valuation date, and therefore the maturity date, are subject to postponement as                                           
 described in the product supplement due to the occurrence of one or more market disruption events. For a description of what constitutes a market disruption event as well as the consequences of that market disruption event, see “General 
 Terms of the Notes—Market Disruption Events” in the product supplement.                                                                                                                                                                      |

| ◾ | Trading and business activities by TD or its affiliates may adversely affect the market value of, and return on, the Buffered PLUS.We, the agent and/or our other affiliates may hedge our                                                       
 obligations under the Buffered PLUS by purchasing securities, futures, options or other derivative instruments with returns linked or related to changes in the value of the underlying index or one or more index constituent stocks, and we    
 may adjust these hedges by, among other things, purchasing or selling at any time any of the foregoing assets. It is possible that we or one or more of our affiliates could receive substantial returns from these hedging activities while the 
 market value of the Buffered PLUS declines. We or one or more of our affiliates may also issue or underwrite other securities or financial or derivative instruments with returns linked or related to changes in the underlying index or one or 
 more index constituent stocks.                                                                                                                                                                                                                   |

These trading activities may present a conflict between the holders’ interest in the Buffered PLUS and the interests we and our affiliates will have in our or their proprietary accounts, in facilitating transactions, including options and other derivatives transactions, for our or their customers’ accounts and in accounts under our or their management. These trading activities could be adverse to the interests of the holders of the Buffered PLUS.

| August 2025 | Page11 |

| $18,866,000.00 Dual Directional Buffered PLUS Based on the Value of the S&P 500®Index due September 3, 2027 
 Buffered Performance Leveraged Upside SecuritiesSM