Company: TDBCP
Filing Date: 2025-11-18
Form Type: 424B2
Source: 0001140361-25-042571
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-18
Form: 424B2
Chunk 17
---
.00 for each Underlying Stock has been chosen for illustrative purposes only and does not represent the actual starting price for any Underlying Stock. The actual starting price and coupon threshold price for each Underlying Stock will be determined on the pricing date and will be set forth under “Terms of the Securities” above. For historical data regarding the actual closing prices of the Underlying Stocks, see the historical information provided herein. These examples are for purposes of illustration only and the values used in the examples may have been rounded for ease of analysis. Example 1. The stock closing price of the lowest performing Underlying Stock on the relevant calculation day is greater than or equal to its coupon threshold price and less than its starting price. As a result, investors receive a contingent coupon payment on the applicable contingent coupon payment date and the securities are not automatically called.

|                                                                                      |       The common 
         stock of 
 Salesforce, Inc. |  The common 
    stock of 
 ServiceNow, 
        Inc. |
| Hypothetical starting price:                                                         |          $100.00 |     $100.00 |
| Hypothetical stock closing price on relevant calculation day:                        |           $90.00 |      $85.00 |
| Hypothetical coupon threshold price:                                                 |           $60.00 |      $60.00 |
| Performance factor (stock closing price on calculation daydivided bystarting price): |           90.00% |      85.00% |

Step 1: Determine which Underlying Stock is the lowest performing Underlying Stock on the relevant calculation day. In this example, the common stock of ServiceNow, Inc. 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 the securities 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 greater than or equal to its coupon threshold price, but less than its starting price, you would receive a contingent coupon payment on the applicable contingent coupon payment date and the securities would not be automatically called. The contingent coupon payment would be equal to $34.00 per security, determined as follows: (i) $1,000 multiplied by13.60% per annum divided by(ii) 4, rounded to the nearest cent. Example 2. The stock closing price of the lowest performing