Company: TDBCP
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0001140361-25-036505
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-29
Form: 424B2
Chunk 3
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 as described beginning on page PS-25 of product supplement EQUITY ARN-1. |
| Participation      
 Rate:              |     |                                                                                                                                                         300.00% |
| Capped Value:      |     |                                                                                $11.803 per unit, which represents a return of 18.03% over the principal amount. |
| Maturity Valuation 
 Period:            |     |                                                                November 18, 2026, November 19, 2026, November 20, 2026, November 23, 2026 and November 24, 2026 |
| Fees and           
 Charges:           |     |                             The underwriting discount of $0.175 per unit listed on the cover page and the hedging related charge of $0.05 per unit described in 
                                                                                                                          “Structuring the Notes” on page TS-13. |
| Calculation        
 Agents:            |     |                                                                                                         BofA Securities, Inc. (“BofAS”) and TD, acting jointly. |

Redemption Amount Determination

| On the maturity date, you will receive a cash payment per unit determined as follows: |

| Accelerated Return Notes® | TS-2 |

The terms and risks of the notes are contained in this term sheet and in the following:

| ◾ | Product supplement EQUITY ARN-1 dated March 3, 2025:                                  
 http://www.sec.gov/Archives/edgar/data/947263/000114036125006811/ef20044441_424b3.htm |

| ◾ | Prospectus dated February 26, 2025:                                                
 http://www.sec.gov/Archives/edgar/data/947263/000119312525036639/d931193d424b5.htm |

These documents, including this term sheet (together, the “Note Prospectus”), have been filed as part of a registration statement with the SEC and may, without cost, be accessed on the SEC website as indicated above or obtained from Merrill Lynch,
        Pierce, Fenner & Smith Incorporated (“MLPF&S”) or BofAS by calling 1-800-294-1322. You should read the Note Prospectus, including this term sheet, for information about us and this offering. Any prior or contemporaneous oral statements and any other written materials you may have received are superseded by the Note Prospectus. Capitalized terms used but not defined in this term sheet have the meanings set forth in product