Company: TDBCP
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001140361-25-028524
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-04
Form: 424B2
Chunk 18
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 will be automatically called on the applicable contingent coupon payment date. Since the hypothetical stock closing price of the lowest performing Underlying Stock on the relevant calculation day is less than its coupon threshold price, you would not receive a contingent coupon payment on the applicable contingent coupon payment date.

P-16

In addition, the securities would not be automatically called, even though the stock closing price of a better performing Underlying Stock on the relevant calculation day is greater than its starting price. As this example illustrates, whether you receive a contingent coupon payment and whether the securities are automatically called on a contingent coupon payment date will depend solely on the stock closing price of the lowest performing Underlying Stock on the relevant calculation day. The performance of a better performing Underlying Stock is not relevant to your return on the securities. Example 3. The stock closing price of the lowest performing Underlying Stock on the relevant calculation day is greater than or equal to its starting price. As a result, the securities are automatically called on the applicable contingent coupon payment date for the face amount plus a final contingent coupon payment.

|                                                                                      |  The common 
    stock of 
 Amazon.com, 
        Inc. |  The common 
    stock of 
    JPMorgan 
 Chase & Co. |   The common 
     stock of 
       Kinder 
 Morgan, Inc. |  The common 
    stock of 
      NVIDIA 
 Corporation |
| Hypothetical starting price:                                                         |     $100.00 |     $100.00 |      $100.00 |     $100.00 |
| Hypothetical stock closing price on relevant calculation day:                        |     $115.00 |     $105.00 |      $130.00 |     $120.00 |
| Hypothetical coupon threshold price:                                                 |      $65.00 |      $65.00 |       $65.00 |      $65.00 |
| Performance factor (stock closing price on calculation daydivided bystarting price): |     115.00% |     105.00% |      130.00% |     120.00% |

Step 1: Determine which Underlying Stock is the lowest performing Underlying Stock on the relevant calculation day. In this example, the common stock of JPMorgan Chase & Co. has the lowest performance factor on the relevant calculation day and is, therefore, the lowest performing Underlying Stock on the relevant calculation day. Step 2: Determine whether a contingent coupon payment will be paid and whether