Company: TDBCP
Filing Date: 2025-12-02
Form Type: 424B2
Source: 0001140361-25-043985
Chunk: 11

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-02
Form: 424B2
Chunk 11
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 may lose your entire investment in the securities. The securities will not pay a contingent monthly coupon if the closing price of any underlying stock on any determination date is less than its coupon threshold price. The securities will not be automatically redeemed with respect to any determination date in respect of which an early redemption may occur unless the closing price of each underlying stock on the relevant determination date is greater than or equal to its respective call threshold price. You will be exposed to the market risk of each underlying stock on each determination date (including the final determination date) and any decline in the price of one underlying stock may negatively affect your return and will not be offset or mitigated by a lesser decline or any potential increase in the price of any other underlying stock. Any payment to be made on the securities, including any repayment of principal, is dependent on TD’s ability to pay all amounts due on the securities and, therefore, investors are subject to the credit risk of TD. If TD becomes unable to meet its financial obligations as they become due, investors may not receive any amounts due under the terms of the securities.

| November 2025 | Page10 |

| $6,931,000 Contingent Income Auto-Callable Securities due December 1, 2028                                                                     |
| Based on the Worst Performing of the Common Stock of Amazon.com, Inc., the Common Stock of Meta Platforms, Inc. and the Common Stock of NVIDIA 
 Corporation                                                                                                                                    
 Principal at Risk Securities                                                                                                                   |

Risk Factors The securities involve risks not associated with an investment in conventional debt securities. This section describes the most significant risks relating to the terms of the securities. For additional information as to these and other risks, please see “Additional Risk Factors Specific to the Notes” in the product supplement and “Risk Factors” in the prospectus. Investors should consult their investment, legal, tax, accounting and other advisors as to the risks entailed by an investment in the securities and the suitability of the securities in light of their particular circumstances. Risks Relating to Return Characteristics

| ■ | Risk of significant loss at maturity.The securities differ from ordinary debt securities in that TD will not necessarily repay the stated principal amount of the                                                                                                                                
 securities at maturity. If the securities are not redeemed prior to maturity, TD will repay you the stated principal amount of your securities in cash only if the final share prices ofallof the                                                                                                
 underlying stocks are greater than or equal to their respective downside threshold prices and will only make such payment at maturity. If the securities are not redeemed prior to maturity and the final