Company: TDBCP
Filing Date: 2025-12-02
Form Type: 424B2
Source: 0001140361-25-043985
Chunk: 13

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-02
Form: 424B2
Chunk 13
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 coupon threshold price, you will not  
 receive the contingent monthly coupon with respect to such determination date, even if the price of such underlying stock was greater than or equal to its respective coupon threshold price on other days during the term of the securities 
 and even if the closing prices(s) of one or both of the other underlying stocks are at or above their respective coupon threshold prices.                                                                                                    |

| ■ | Your potential return on the securities is limited, you will not participate in any appreciation of the underlying stocks and you will not realize a return beyond the returns                                                                  
 represented by the contingent monthly coupons received, if any, during the term of the securities.The return potential of the securities is limited to the contingent monthly coupons, regardless of the appreciation of the                    
 underlying stocks. In addition, your return on the securities will vary based on the number of determination dates on which the requirements of the contingent monthly coupon have been met prior to maturity or an early redemption.           
 Furthermore, if the securities are redeemed prior to maturity, you will not receive any contingent monthly coupons or any other payment in respect of any determination dates after the applicable contingent coupon payment 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 depreciation in the price of the worst performing underlying 
 stock even though you cannot participate in any appreciation in the prices of the underlying stocks. As a result, the return on an investment in the securities could be less than the return on a direct investment in any or all of the       
 underlying stocks. In addition, as an owner of the securities, you will not receive any dividends or distributions on any of the underlying stocks and you will not have voting rights or any other rights of a holder of any of the underlying 
 stocks.                                                                                                                                                                                                                                         |

| ■ | You are exposed to the market risk of each of the underlying stocks.Your return on the securities is not linked to a basket consisting of the underlying stocks.                                                                                 
 Rather, it will be contingent upon the performance of each underlying stock. 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 of the underlying stocks. Poor performance by any one underlying stock may negatively affect your return and will not be offset or mitigated by the       
 performance of any other underlying stock. Accordingly, your investment