Company: TDBCP
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001140361-25-038077
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-14
Form: 424B2
Chunk 2
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 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 Any prior or contemporaneous oral statements and any other written materials you may have received are superseded by the Note Prospectus.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 supplement STEPS-1. In the event of any conflict the following hierarchy will govern: first, this term sheet; second, product supplement STEPS-1; and last, the prospectus. Unless otherwise indicated or unless the context requires otherwise, all references in this document to “we,” “us,” “our,” or similar references are to TD. Investor Considerations

| You may wish to consider an investment in the notes if: |

| ◾ | You anticipate that the Ending Value will be greater than or equal to the Starting Value. |

| ◾ | You seek interest payments on your investment. |

| ◾ | You accept that the maximum return on the notes is limited to the sum of the quarterly interest payments and the Step Payment, if any. |

| ◾ | You accept that your investment may result in a loss, which could be significant, if the Ending Value is below the Threshold Value. |

| ◾ | You are willing to forgo dividends or other benefits of owning the Underlying Stock. |

| ◾ | You are willing to accept that a limited market or no market exists for sales of the notes prior to maturity, and understand that the market price for the notes in any secondary market may be adversely affected by various 
 factors, including, but not limited to, our actual and perceived creditworthiness, our internal funding rate and fees and charges on the notes, as described on page TS-2.                                                    |

| ◾ | You are willing to assume our credit risk, as issuer of the notes, for all payments under the notes, including the Redemption Amount. |

| The notes may not be an appropriate investment for you if: |

| ◾ | You anticipate that the Ending Value will be less than the Starting Value. |

| ◾ | You anticipate that the price of the Underlying Stock will