Company: TDBCP
Filing Date: 2025-10-21
Form Type: 424B2
Source: 0001140361-25-038801
Chunk: 1

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-21
Form: 424B2
Chunk 1
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 respect to any previous determination dates pursuant to the memory coupon feature. As a result, if the closing price of any underlying stock on each of the determination dates is less than the coupon threshold price, you will receive no contingent quarterly coupons during the term of the securities. Investors must be willing to accept the risk of not receiving any contingent quarterly coupons during the term of the securities. Furthermore, if the final share price of anyunderlying stock is less than70.00% of its initial share price, which we refer to as its downside threshold price, investors will receive per security a number of shares of the worst performing underlying stock equal to the quotient, observed to 4 decimal places, of the stated principal amount dividedbythe initial share price of the worst performing underlying stock as of the final determination date (its “exchange ratio”). Any fractional share included in the exchange ratio of the worst performing underlying stock will be paid in cash at an amount equal to the product of the fractional share amount multipliedby its final share price. Accordingly, the securities do not guarantee any return of principal at maturity. Investors will not participate in any appreciation of the underlying stocks and will not realize a return beyond the returns represented by the contingent quarterly coupons received, if any, during the term of the securities. Because all payments on the securities are based on the worst performing underlying stock, a decline beyond the respective coupon threshold price and/or downside threshold price, as applicable, of anyunderlying stock will result in few or no contingent quarterly coupons and/or a loss of a significant portion and up to your entire investment in the securities even if the other underlying stocks appreciate or have not declined as much. These securities are for investors who are willing to risk their entire investment based on the worst performing of each of the underlying stocks and who seek an opportunity to earn interest at a potentially above-market rate in exchange for the risk of receiving no interest over the entire term of the securities and potentially receiving shares of the worst performing underlying stock at maturity, the value of which is expected to be worth significantly less than the stated principal amount of the securities and may be worthless. The securities are senior unsecured debt securities issued by TD. The securities are notes issued as part of TD’s Senior Debt Securities, Series H. All payments or deliveries on the securities are subject to the credit risk of TD. If TD were to default on its obligations, you may not receive any amounts owed to you under the securities and you could lose your entire investment in the securities. These securities are not secured obligations and you will not have