Company: TDBCP
Filing Date: 2025-11-07
Form Type: 424B2
Source: 0001140361-25-041115
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-07
Form: 424B2
Chunk 16
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 Note.

| TD SECURITIES (USA) LLC | P-9 |

Example 3 — The Closing Level of the Reference Asset is Less Than the Barrier Level on Each Review Date Prior to the Final Review Date, the Notes Are Not Automatically Called and the Final Level is Greater Than or Equal to the Barrier Level.

| Review Date         | Closing Level                                               |     |                                                                                                           Payment (per Note) |
| First through Third | Various (all less than the Initial Level and Barrier Level) |     |                                                                                                                        $0.00 |
| Final Review Date   | 95.86 (greater than or equal to the Barrier Level)          |     |                                                                                                    $1,000 (Principal Amount) 
 +$80.00(Contingent Interest Payment and previously unpaid Contingent Interest Payments in respect of the prior Review Dates) 
                                                                                   $1,080.00 (Total Payment on Maturity Date) |
|                     | Total Payment:                                              |     |                                                                                               $1,080.00 (8.00% total return) |

Because the Closing Level of the Reference Asset on each Review Date prior to the Final Review Date is less than the Barrier Level, we will not pay the Contingent Interest Payment on any of the corresponding Contingent Interest Payment Dates and the Notes will not be automatically called. Because the Final Level is greater than or equal to the Barrier Level on the Final Review Date, we will pay you a cash payment equal to $1,080.00 per Note on the Maturity Date, reflecting the Principal Amount plus the applicable Contingent Interest Payment with respect to the Final Review Date and the previously unpaid Contingent Interest Payments with respect to the prior Review Dates. In this scenario, TD will have paid you a total of $1,080.00 per Note, for a return of 8.00% per Note. Example 4 — The Closing Level of the Reference Asset is Less Than the Barrier Level on Each Review Date Prior to the Final Review Date, the Notes Are Not Automatically Called and the Final Level is Less Than the Barrier Level.

| Review Date         | Closing Level                                               |     |                         Payment (per Note) |
| First through Third | Various (all less than the Initial Level and Barrier Level) |     |                                      $0.00 |
| Final Review Date   | 40.00 (less than the Barrier Level)                         |     |    = $1,000 + ($1,000 x Percentage Change) 
              = $