Company: TDBCP
Filing Date: 2025-08-26
Form Type: 424B2
Source: 0001140361-25-032704
Chunk: 11

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-26
Form: 424B2
Chunk 11
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 Holder (as that term is defined in the prospectus) for Canadian federal income tax purposes or if you acquire the Notes in the secondary market, you should consult your tax advisors as to the consequences of acquiring, holding and disposing of the Notes and receiving the payment that might be due under the Notes.

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

Hypothetical Returns The examples and table set out below are included for illustration purposes only and are hypotheticalexamples only: amounts below may have been rounded for ease of analysis. The hypotheticalInitial Level, Final Levels and Percentage Changes of the Reference Asset used to illustrate the calculation of the Payment at Maturity are not estimates or forecasts of the actual Initial Level, the Final Level or the level of the Reference Asset on any Trading Day prior to the Maturity Date. All examples assume an Initial Level of 1,000.00, a Maximum Redemption Amount of $1,222.50, that a holder purchased Notes with an aggregate Principal Amount of $1,000 and that no market disruption event occurs on the Valuation Date. The actual terms of the Notes will be set forth in the final pricing supplement.

| Example 1— | Calculation of the Payment at Maturity where the Final Level isgreater thanthe Initial Level and the Payment at Maturity is not limited by the 
 Maximum Redemption Amount.                                                                                                                     |                                                                                                      |
|            | Final Level:                                                                                                                                   |                                                                                             1,050.00 |
|            | Percentage Change:                                                                                                                             |                                                                                                5.00% |
|            | Payment at Maturity:                                                                                                                           | The lesser of (i) $1,000.00 + ($1,000.00 × Percentage Change) and (ii) the Maximum Redemption Amount 
                               = the lesser of (i) $1,000.00 + ($1,000.00 × 5.00%) and (ii) $1,222.50 
                                            = the lesser of (i) $1,000.00 + $50.00 and (ii) $1,222.50 
                                                                                         = $1,050.00. |
|            | On a $1,000.00 investment, a 5.00% Percentage Change results in a Payment at Maturity of $1,050.00, a return of 5.00% per Note.                |                                                                                                      |

| Example 2— | Calculation of the Payment at Maturity where the Final Level isgreater thanthe