Company: TDBCP
Filing Date: 2025-11-25
Form Type: 424B2
Source: 0001140361-25-043319
Chunk: 20

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-25
Form: 424B2
Chunk 20
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 | The observation period end-dates and related payment dates are subject to market disruption events and postponements.Each observation period end-date (including the final observation period                                                      
 end-date) and related payment date (including the maturity date) is subject to postponement due to the occurrence of one of 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. A market disruption event for a particular underlying index will not constitute a market disruption event for 
 any other underlying index.                                                                                                                                                                                                                        |

| ■ | Trading and business activities by TD or its affiliates may adversely affect the market value of, and any amounts payable on, the securities. We, the agent and/or our other affiliates may hedge our                                             
 obligations under the securities by purchasing securities, futures, options or other derivative instruments with returns linked or related to changes in the value of an 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 securities 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 an underlying index or one or more 
 index constituent stocks.                                                                                                                                                                                                                         |

| November 2025 | Page15 |

| $13,285,000 Contingent Income Auto-Callable Securities with Daily Coupon Observation and 6-Month Initial 
 Non-Call Period due November 27, 2028                                                                    |
| Based on the Worst Performing of the Nasdaq-100 Index®, the S&P 500®Index and the EURO STOXX 50®Index    
 Principal at Risk Securities                                                                             |

These trading activities may present a conflict between the holders’ interest in the securities 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 securities. We, the agent and/or our other affiliates may, at present or in the future, engage in business with one or more index constituent stock issuers, including making loans to or providing advisory services