Company: TDBCP
Filing Date: 2025-03-20
Form Type: 424B2
Source: 0001140361-25-009612
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-20
Form: 424B2
Chunk 16
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 $1,000.00 per Note on the Maturity Date, reflecting the Principal Amount, for a total return of 0.00% per Note.

| Example 5 — The Closing Value of the Reference Asset is Less than the Call Threshold Value on Each Call Observation Date (including the Final Valuation Date), the 
 Notes Are Not Automatically Called and the Final Value is Less Than the Barrier Value.                                                                             |

| Date                                                             |     | Closing Value                                                |     |                         Payment (per Note) |
| First Call Observation Date through Eighth Call Observation Date |     | Various (allless thanthe Call Threshold Value)               |     |                                      $0.00 |
| Final Valuation Date                                             |     | 800.00 (less thanthe Call Threshold Value and Barrier Value) |     |    = $1,000 + ($1,000 × Percentage Change) 
              = $1,000 + ($1,000 × –60.00%) 
 = $400.00 (Total Payment on Maturity Date) |

Because the Closing Valueof the Reference Asset is less than the Call Threshold Valueon each Call Observation Date (including the Final Valuation Date) , the Notes will not be subject to an automatic call. Because the Final Value is less than the Barrier Value, 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 Percentage Change on the Maturity Date, for a total of $400.000 per Note, a loss of 60.00% per Note. In this scenario, investors will suffer a percentage loss on their initial investment that is equal to the Percentage Change. Specifically, you will lose 1% of the Principal Amount of the Notes for each 1% that the Final Value is less than the Initial Value, and may lose your entire Principal Amount. Any payments on the Notes are subject to our credit risk.

| TD SECURITIES (USA) LLC | P-13 |

Information Regarding the Reference Asset All disclosures contained in this document regarding the Reference Asset, including, without limitation, its make-up, method of calculation, and changes in any Reference Asset Constituents, have been derived from publicly available sources. We have not undertaken an independent review or due diligence of any publicly available information with respect to the Reference Asset. The information reflects the policies of, and is subject to change by, the Index Sponsor. The Index Sponsor, which owns the copyright and all other rights