Company: TDBCP
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001140361-25-001019
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-14
Form: 424B2
Chunk 18
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20 per Note, reflecting the applicable Call Price for the Final Review Date, for a return of 22.32% per Note.

| TD SECURITIES (USA) LLC | P-11 |

| Example 3 — | The Notes Are Not Automatically Called and Therefore the Final Level of the Least Performing Reference Asset is Less Than its Buffer Level. |

| Review Date       | Closing Levels                                                                   |     |                         Payment (per Note) |
| First             | Reference Asset A: 4,800.00 (less than its Initial Level)                        
 Reference Asset B: 3,500.00 (greater than or equal to its Initial Level)         |     |                                         $0 |
| Final Review Date | Reference Asset A: 2,400.00(less than its Step-Down Call Level and Buffer Level) 
 Reference Asset B:3,200.00(greater than or equal to its Step-Down Call           
 Level and Buffer Level)                                                          |     |     = $1,000 + [$1,000 x (Least Performing 
       Percentage Change + Buffer Amount) x 
                  Downside Leverage Factor] 
  = $1,000 + [$1,000 x (-60.00% + 15.00%) x 
                              (1 / 85.00%)] 
 = $470.59 (Total Payment on Maturity Date) |

Because the Closing Levelof a Reference Asset on the Review Date prior to the Final Review Date is less than its Initial Level and the Final Level of a Reference Asset on the Final Review Date is less than its Step-Down Call Level, the Notes will not be automatically called. Because the Notes are not subject to an automatic call and therefore the Final Level of at least one Reference Asset is less than its Buffer Level, on the Maturity Date we will pay you a cash payment equal to the Principal Amount plus the product of (i) the Principal Amount multiplied by (ii) the sum of the Least Performing Percentage Change plus the Buffer Amount multiplied by (iii) the Downside Leverage Factor, for a total of $470.59 per Note, a loss of 52.941% per Note.

| TD SECURITIES (USA) LLC | P-12 |

Information Regarding the Reference Assets All disclosures contained in this document regarding the Reference Assets, including, without limitation, its make-up, method of calculation, and changes in the Reference Asset Constituents, have been derived from publicly available sources. The information reflects the policies of, and