Company: TDBCP
Filing Date: 2025-07-09
Form Type: 424B3
Source: 0001140361-25-025328
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-09
Form: 424B3
Chunk 12
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 the underlying indices are greater than or equal to their respective trigger levels, the 
 fixed upside payment at maturity. Furthermore, you will not receive or be entitled to receive any dividend payments or other distributions paid on the index constituent stocks, and any such dividends or distributions will not be factored    
 into the calculation of the payment at maturity on your securities. In addition, as an owner of the securities, you will not have voting rights or any other rights that a holder of the index constituent stocks may have.                      |

| ◾ | You are exposed to the market risk of each underlying index.Your return on the securities is not linked to a basket consisting of the underlying indices. Rather, it will be contingent upon the                                                 
 performance of each underlying index. Unlike an instrument with a return linked to a basket of indices, common stocks or other underlying assets, in which risk is mitigated and diversified among all of the components of the basket, you will 
 be exposed equally to the risks related to each underlying index. Poor performance by any one underlying index may negatively affect your return and will not be offset or mitigated by the performance of any other underlying index.           
 Accordingly, your investment is subject to the market risk of each underlying index.                                                                                                                                                             |

| ◾ | Because the securities are linked to the performance of more than one underlying index, there is an increased probability that the securities on any determination date and that you will lose a significant                                    
 portion or all of your investment in the securities.The risk that you will lose a significant portion or all of your investment in the securities is greater if you invest in the securities as opposed to securities that are linked           
 to the performance of a single underlying index if their terms are otherwise substantially similar. With a greater total number of underlying indices, it is more likely that the index closing value of any underlying index will be less than 
 its initial index level on a determination date prior to the final determination date or, if the securities are not automatically redeemed prior to maturity, that the final index value of any underlying index will be less than its trigger  
 level. Therefore, it is more likely that you will (a) not receive an early redemption payment and/or (b) receive an amount in cash that is less than your stated principal amount on the maturity date than would have been the case had the    
 securities been linked to only one underlying index. In addition, if the performances of the underlying indices are not correlated to each other, the risk that (a) the index closing value of any underlying index will be