Company: TDBCP
Filing Date: 2025-11-05
Form Type: 424B3
Source: 0001140361-25-040473
Chunk: 7

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-05
Form: 424B3
Chunk 7
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 a holder of the Basket Stocks and you will not be entitled to receive any shares of the Basket Stocks or dividends or other distributions by any Underlying Company. |

| ◾ | While we, MLPF&S, BofAS or our or their respective affiliates may from time to time own shares of the Underlying Companies, none of us, MLPF&S, BofAS or our or their respective affiliates control any Underlying Company, and have 
 not verified any disclosure made by any Underlying Company.                                                                                                                                                                          |

| ◾ | Any Payment on the notes will not be adjusted for all corporate events that could affect a Basket Stock. See “Description of The Notes— Anti-Dilution Adjustments” beginning on page PS-24 of product supplement STOCK STR-1. |

Valuation and Market-Related Risks

| ◾ | The initial estimated value of your notes on the pricing date is less than their public offering price. The difference between the public offering price of your notes and the initial estimated value of the notes reflects costs and        
 expected profits associated with selling and structuring the notes, as well as hedging our obligations under the notes (including, but not limited to, the hedging related charge, as further described under “Structuring the Notes” on page 
 TS-17). Because hedging our obligations entails risks and may be influenced by market forces beyond our control, this hedging may result in a profit that is more or less than expected, or a loss and the amount of any such profit or loss  
 will not be known until the maturity date.                                                                                                                                                                                                    |

| ◾ | The initial estimated value of your notes is based on our internal funding rate. The internal funding rate used in the determination of the initial estimated value of the notes generally represents a discount from the credit spreads for     
 our conventional fixed-rate debt securities and the borrowing rate we would pay for our conventional fixed-rate debt securities. This discount is based on, among other things, our view of the funding value of the notes as well as the higher 
 issuance, operational and ongoing liability management costs of the notes in comparison to those costs for our conventional fixed-rate debt, as well as estimated financing costs of any hedge positions (including, but not limited to, the     
 hedging related charge, as further described under “Structuring the Notes” on page TS-17), taking into account regulatory and internal requirements. If the interest rate implied by the credit spreads for our conventional fixed-rate debt     
 securities, or the borrowing rate we would pay for