Company: TDBCP
Filing Date: 2025-11-25
Form Type: 424B2
Source: 0001140361-25-043259
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-25
Form: 424B2
Chunk 3
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other than the Maturity Date) because the Closing Value of the Reference Asset is less than the                                                          
 Contingent Interest Barrier Value on the related Contingent Interest Observation Date, that Contingent Interest Payment will be made on a later Contingent Interest Payment Date if the Closing Value of the Reference Asset is greater than 
 or equal to the Contingent Interest Barrier Value on the related Contingent Interest Observation Date. For the avoidance of doubt, once a previously unpaid Contingent Interest Payment has been made on a later Contingent Interest Payment 
 Date, it will not be made again on any subsequent Contingent Interest Payment Date. If the Closing Value of the Reference Asset is less than the Contingent Interest Barrier Value on each of the Contingent Interest Observation Dates, you 
 will not receive any Contingent Interest Payments during the term of, and will not receive a positive return on, the Notes.                                                                                                                  |
| Contingent Interest Rate:    | 17.50% to 19.50% per annum (to be determined on the Pricing Date)                                                                                                                                                                            |
| Contingent Interest Barrier  
 Value:                       | $• (60.00% of the Initial Value, to be determined on the Pricing Date), as determined by the Calculation Agent and subject to adjustment as described under “General Terms of the Notes — Anti-Dilution                                      
 Adjustments” in the product supplement.                                                                                                                                                                                                      |

| TD SECURITIES (USA) LLC | P-3 |

| Contingent Interest 
 Observation Dates:  | Quarterly, on the last Trading Day of each January, April, July and October, and specified below, subject to postponement upon the occurrence of a market disruption event as described in 
 the accompanying product supplement.                                                                                                                                                       |

|                                              | February 27, 2026* 
 May 28, 2026*      | (cont.)                      
 November 30, 2026*           
 February 26, 2027*           |
|:---------------------------------------------|:-------------------|:-----------------------------|
|                                              | August 28, 2026*   | May 28, 2027                 
 (the “Final Valuation Date”) |
| * Such date is also a Call Observation Date. |                    |                              |

| Contingent Interest Payment 
 Dates:                      | With respect to each Contingent Interest Observation Date, the third Business Day following the relevant Contingent Interest Observation Date, with the exception of the final Conting