Company: TDBCP
Filing Date: 2025-08-07
Form Type: 424B2
Source: 0001140361-25-029531
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-07
Form: 424B2
Chunk 16
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| * | Represents the cash value of the Physical Delivery Amount of the Least Performing Reference Asset on the Final Valuation Date. Because the Notes are physically settled, the actual value 
 received and the total return on the Notes on the Maturity Date depends on the level of the Least Performing Reference Asset on the Maturity Date.                                        |

Because the Closing Value of each Reference Asset on each Call Observation Date prior to the Final Valuation Date is less than its Call Threshold Value, we will pay the Interest Payment on each Interest Payment Date and the Notes will not be subject to an automatic call. Because the Final Value of the Least Performing Reference Asset is less than its Barrier Value, on the Maturity Date we will deliver to you a number of shares (and/or cash in lieu of any fractional share) of the Least Performing Reference Asset equal to its Physical Delivery Amount, for a total of $400.00* per Note and pay you the Interest Payment of $10.75 paid in respect of the final Interest Payment Date. When added to the Interest Payments of $247.25 paid in respect of the prior Interest Payment Dates, we will have paid you a total of $658.00 per Note, a loss of 34.20% per Note. The value of the shares received on the Maturity Date and the total return on the Notes at that time depend on the Closing Value of the Least Performing Reference Asset on the Maturity Date.

| TD SECURITIES (USA) LLC | P-13 |

Investors should note that, because we will deliver the Physical Delivery Amount of the Least Performing Reference Asset instead of paying an amount in cash at maturity, the actual value of the Physical Delivery Amount you receive will be determined on the Maturity Date and such value may be less than the payment that investors would have received at maturity had we instead paid an amount in cash, as a result of any decrease in the market value of the Least Performing Reference Asset during the period between the Final Valuation Date and the Maturity Date.

| TD SECURITIES (USA) LLC | P-14 |

Information Regarding the Reference Assets Each Reference Asset is registered under the Exchange Act. Companies with securities registered under the Exchange Act are required to file periodically certain financial and other information specified by the SEC. Information provided to or filed with the SEC can be inspected and copied at the public reference facilities maintained by the SEC or through the SEC’s website at www.sec.gov. In addition, information regarding each Reference Asset may be obtained from other sources including, but not limited