Company: TDBCP
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0001140361-25-040304
Chunk: 21

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-04
Form: 424B2
Chunk 21
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| Example4— | The Closing Value of at Least One Reference Asset is Less than its Call Threshold Value on Each Call Observation Date (including the Final Valuation Date), the Notes Are 
 Not Automatically Called and the Final Value of At Least One Reference Asset is Less than its Barrier Value.                                                              |

| Date                   | Closing Values                                                                                   |                                             Payment (per Note) |
| First Call Observation 
 Date                   | Reference Asset A: 2,850.00 (greater than or equal toits Call Threshold Value)                   
 Reference Asset B: 7,550.00 (greater than or equal toits Call Threshold Value)                   
 Reference Asset C: $250.00 (less thanits Call Threshold Value)                                   |                                                          $0.00 |
| Second through         
 Sixteenth Call         
 Observation Date       | Reference Asset A: Various (allgreater than or equal toits Call Threshold Value)                 
 Reference Asset B: Various (allgreater than or equal toits Call Threshold Value)                 
 Reference Asset C: Various (allless thanits Call Threshold Value)                                |                                                          $0.00 |
| Final Valuation Date   | Reference Asset A: 1,250.00 (less thanits Call Threshold Value and Barrier Value)                
 Reference Asset B: 7,650.00 (greater than or equal toits Call Threshold Value and Barrier Value) 
 Reference Asset C: $290.00 (greater than or equal toits Call Threshold Value and Barrier Value)  | = $1,000.00 + ($1,000.00 × Least Performing Percentage Change) 
                            = $1,000.00 + ($1,000.00 × –50.00%) 
                                = $500.00 (Payment at Maturity) |

Because the Closing Valueof at least one Reference Asset is less than itsCall Threshold Value on each Call Observation Date (including the Final Valuation Date) , the Notes will not be subject to an automatic call and the Final Value of at least one Reference Asset is less than its Barrier Value. In this scenario, we will pay you a cash payment per Note that is less than the Principal Amount, if anything, equal to the Principal Amount plus the product of the Principal Amount and the Least Performing Percentage Change on the Maturity Date, for a total of $500.00 per Note, a loss of 50.00% per Note. In this scenario, investors will suffer a percentage loss on their initial investment that is equal to the Least Performing Percentage Change. Specifically, you