Company: TDBCP
Filing Date: 2025-10-01
Form Type: 424B2
Source: 0001140361-25-036915
Chunk: 15

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-01
Form: 424B2
Chunk 15
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 therefore the Payment at Maturity would be $1,192.90. |
|           | On a $1,000.00 investment, a Percentage Change of 30.00% results in a Payment at Maturity of $1,192.90, a return of 19.29% on the Notes.                                                                                                          
 In addition to limiting your return on the Notes, the Maximum Payment Amount limits the positive effect of the Leverage Factor. If the Final Level is greater than the Initial Level, you will                                                    
 participate in the performance of the Reference Asset at a rate of 300.00% up to a certain point. However, the effect of the Leverage Factor will be progressively reduced for Final Levels that are greater than 106.430% of the Initial Level   
 (based on the Maximum Payment Amount of 119.290% or $1,192.90 per $1,000.00 Principal Amount of the Notes) because your return on the Notes for any Final Level greater than 106.430% of the Initial Level will be limited by the Maximum Payment 
 Amount.                                                                                                                                                                                                                                           |                                                                                                                                                                                          |

| Example 3 
 —         | Calculation of the Payment at Maturity where the Percentage Change is negative.                                                          |                                                                   |
|           | Percentage Change:                                                                                                                       | -60.00%                                                           |
|           | Payment at Maturity:                                                                                                                     | $1,000.00 + ($1,000.00 x -60.00%) = $1,000.00 – $600.00 = $400.00 |
|           | On a $1,000.00 investment, a Percentage Change of -60.00% results in a Payment at Maturity of $400.00, a return of -60.00% on the Notes. |                                                                   |

P-13 The following chart shows a graphical illustration of the hypothetical Payment at Maturity that we would pay on your Notes on the Maturity Date if the Final Level were any of the hypothetical levels shown on the horizontal axis. The hypothetical Payments at Maturity in the chart are expressed as percentages of the Principal Amount of your Notes and the hypothetical Final Levels are expressed as percentages of the Initial Level. The chart shows that any hypothetical Final Level of less than 100.000% (the section left of the 100.000% marker on the horizontal axis) would result in a hypothetical Payment at Maturity of less than 100.000% of the Principal Amount of your Notes (the section below the