Company: TDBCP
Filing Date: 2025-07-11
Form Type: 424B2
Source: 0001140361-25-025581
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-11
Form: 424B2
Chunk 18
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 Price of the Reference Asset on each Contingent Coupon Observation Date is less thanthe hypothetical Contingent Coupon Barrier Price, you will not receive any Contingent Coupon Payments during the term of the Notes. The total of the hypothetical Contingent Coupon Payments you would receive in Scenario 2 is $0.00 and, in this scenario, you would not receive a positive return on the Notes (without giving effect to any loss suffered at maturity).

| TD SECURITIES (USA) LLC | P-13 |

Scenario 3

| Hypothetical Contingent 
 Coupon Observation Date | Hypothetical Closing Price of the Reference 
 Asset (as Percentage of the Initial Price)  | Hypothetical Contingent Coupon Payment |
| First                   | 120.00%                                     |                                 $39.85 |
|                         | Total Hypothetical Contingent Coupon        
 Payments:                                   |                                 $39.85 |

In Scenario 3, the hypothetical Closing Price of the Reference Asset is greater thanthe Initial Price on the first hypothetical Call Observation Date. Because the hypothetical Closing Price of the Reference Asset is equal to or greater thanthe Initial Price (and therefore the Contingent Coupon Barrier Price) on the first hypothetical Call Observation Date, your Notes will be automatically called. Therefore, on the corresponding hypothetical Call Payment Date, in addition to the hypothetical Contingent Coupon Payment of $39.85, you will receive an amount in cash equal to $1,000 for each $1,000 Principal Amount of your Notes. No further payments will be owed to you under the Notes. Hypothetical Payment at Maturity If the Notes are notautomatically called on any Call Observation Date(i.e., on each Call Observation Date, the Closing Price of the Reference Asset is less thanthe Initial Price), the payment at maturity we would pay for each $1,000 Principal Amount of your Notes will depend on the performance of Reference Asset on the Final Valuation Date, as shown in the table below. The table below assumes that the Notes have notbeen automatically called on any Call Observation Date, does not include the final Contingent Coupon Payment, if any, and reflects the hypothetical payment at maturity that you could receive. The Closing Prices in the left column of the table below represent hypothetical Final Prices of the Reference Asset and are expressed as percentages of the Initial Price. The amounts in the right column of the table below represent the hypothetical payment at maturity, based on the corresponding hypothetical Final Price, and are expressed as percentages of the Principal