Company: TDBCP
Filing Date: 2025-08-07
Form Type: 424B2
Source: 0001140361-25-029531
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-07
Form: 424B2
Chunk 14
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 under the Notes.

| TD SECURITIES (USA) LLC | P-11 |

Hypothetical Returns The examples set out below are included for illustration purposes only and are hypothetical examples only; amounts below may have been rounded for ease of analysis. The hypothetical Initial Values, Closing Values, Final Values and Percentage Changes of the Reference Assets used to illustrate the Payment at Maturity or upon an automatic call are not estimates or forecasts of the actual Initial Value, Closing Value or Final Value of any Reference Asset or the value of any Reference Asset on any Trading Day prior to the Maturity Date. All examples assume, for Reference Asset A, Reference Asset B, Reference Asset C and Reference Asset D respectively, Initial Values of $130.00, $200.00, $770.00 and $260.00, Call Threshold Values of $130.00, $200.00, $770.00 and $260.00 (each 100.00% of its Initial Value), Barrier Values of $65.00, $100.00, $385.00 and $130.00 (each 50.00% of its Initial Value), an Interest Payment of $10.75 per Note (reflecting the Interest Rate of approximately 12.90% per annum), Physical Delivery Amounts of 7.6923, 5.0000, 1.2987 and 3.8462, that a holder purchased Notes with a Principal Amount of $1,000 and that no market disruption event occurs on any Call Observation Date or on the Final Valuation Date.The actual terms of the Notes will be set forth in the final pricing supplement.

| Example 1 — | The Closing Value of Each Reference Asset is Greater than or Equal to its Call Threshold Value on the First Call Observation Date and the Notes are Automatically Called. |

| Call Observation Date     |     | Closing Values                                                                |     | Payment (per Note)                            |
| First Call Observation    
 Date (First through Sixth 
 Interest Payment Dates)   |     | Reference Asset A: $235.00 (greater than or equal toits Call Threshold Value) 
 Reference Asset B: $220.00 (greater than or equal toits Call Threshold Value) 
 Reference Asset C: $860.00 (greater than or equal toits Call Threshold Value) 
 Reference Asset D: $290.00 (greater than or equal toits Call Threshold Value) |     | $1,000 (Principal Amount)                     
 + $10.75(Interest