Company: TDBCP
Filing Date: 2025-07-15
Form Type: 424B2
Source: 0001140361-25-025910
Chunk: 15

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-15
Form: 424B2
Chunk 15
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 Dates. Because the Final Level is greater than or equal to theStep-Down Call Level, the Notes will be automaticallycalled and, on the Maturity Date, we will pay you a cash payment equal to $1,178.50 per Note, reflecting the applicable Call Price for the Final Review Date, for a return of 17.85% per Note.

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

| Example 4 — |                   | The Notes Are Not Automatically Called and Therefore the Final Level is Less Than the Buffer Level. |                                          |
|             | Review Date       | Closing Level                                                                                       |                       Payment (per Note) |
|             | First             | 88.00 (less thanthe Initial Level)                                                                  |                                    $0.00 |
|             | Second            | 67.00 (less thanthe Initial Level)                                                                  |                                    $0.00 |
|             | Final Review Date | 40.00(less thanthe Step-Down Call Level and Buffer Level)                                           |      = $1,000.00 + [$1,000 × (Percentage 
       Change + Buffer Amount) × Downside 
                         Leverage Factor] 
       = $1,000.00 + [$1,000 × (-60.00% + 
                  25.00%) × (1 / 75.00%)] |
|             |                   |                                                                                                     | =$533.33(Total Payment on Maturity Date) |

Because the Closing Level on each Review Date prior to the Final Review Date is less than the Initial Level and the Final Level on the Final Review Date is less than the Step-Down Call Level, the Notes will not be automatically called. Because the Notes are not subject to an automatic call, and therefore the Final Level of the Reference Asset is less than the Buffer Level, then on the Maturity Date we will pay you a cash payment equal to the Principal Amount plus the product of (i) the Principal Amount multiplied by (ii) the sum of the Percentage Change plus the Buffer Amount multiplied by (iii) the Downside Leverage Factor, for a total of $533.33 per Note, a loss of46.667 % per Note.

| TD Securities (USA) LLC | P-10 |

Information Regarding the Reference Asset All disclosures contained in this document regarding the Reference Asset, including, without limitation, its make-up, method of calculation, and changes in any Reference Asset Constituents, have been derived from publicly available sources. We