Company: TDBCP
Filing Date: 2025-11-18
Form Type: 424B2
Source: 0001140361-25-042587
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-18
Form: 424B2
Chunk 0
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| November 2025                                                
 Pricing Supplement                                           
 Dated November 14, 2025                                      
 Registration Statement No. 333-283969                        
 Filed pursuant to Rule 424(b)(2)                             
 (To Prospectus dated February 26, 2025                       
 and Product Supplement MLN-ES-ETF-1 dated February 26, 2025) |

STRUCTURED INVESTMENTS Opportunities in U.S. Equities $10,073,000 Contingent Income Auto-Callable Securities due November 17, 2028 Based on the Worst Performing of the Common Stock of Apple Inc., the Common Stock of Amazon.com, Inc. and the Common Stock of Microsoft Corporation Principal at Risk Securities Contingent Income Auto-Callable Securities (the “securities”) do not guarantee the repayment of principal and do not provide for the regular payment of interest. Instead, the securities offer the opportunity for investors to earn a contingent quarterly coupon with respect to each determination date on which the closing price of eachunderlying stock is greater than or equal to60.00% of its initial share price, which we refer to as its coupon threshold price. In addition, if the closing prices of allof the underlying stocks on any determination date other than the final determination date are greater than or equal totheir respective call threshold prices, the securities will be automatically redeemed for an amount per security equal to (i) the stated principal amount plus(ii) the contingent quarterly coupon otherwise payable with respect to the applicable determination date. No further payments will be made on the securities once they have been redeemed. However, if the closing price of anyunderlying stock on any determination date is less thanits call threshold price, the securities will not be automatically redeemed and, if the closing price of anyunderlying stock is less thanits coupon threshold price, you will not receive any contingent quarterly coupon with respect to the applicable determination date. As a result, 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 than60.00% of its initial share price, which we refer to as its downside threshold price, The Toronto-Dominion Bank (“TD” or “we”) will pay you a cash payment per security that will be less thanthe stated principal amount and you will be exposed on a 1-to-1 basis to the decline of the worst performing underlying stock. In this scenario, you will lose a significant portion or all of your