Company: TDBCP
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0001140361-25-036519
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-29
Form: 424B2
Chunk 17
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| 0.000%                           | 0.000%                              |

If, for example, the Final Level were determined to be 25.000% of the Initial Level, the Payment at Maturity that we would pay on your Notes at maturity would be approximately 27.778% of the Principal Amount of your Notes, as shown in the table above. As a result, if you purchased your Notes on the Issue Date at the Principal Amount and held them to the Maturity Date, you would lose approximately 72.222% of your investment (if you purchased your Notes at a premium to Principal Amount you would lose a correspondingly higher percentage of your investment). If the Final Level were determined to be 0.000% of the Initial Level, you would lose 100.000% of your investment in the Notes. In addition, if the Final Level were determined to be 150.000% of the Initial Level, the Payment at Maturity that we would pay on your Notes at maturity would be capped at the Maximum Payment Amount, or 113.480% of each $1,000 Principal Amount of your Notes, as shown in the table above. As a result, if you held your Notes to the Maturity Date, you would not benefit from any increase in the Final Level that is greater than 106.740% of the Initial Level. P-13 The following examples illustrate the hypothetical Payment at Maturity for each Note based on hypothetical Final Levels of the Reference Asset, calculated based on the key terms and assumptions above. The values below have been rounded for ease of analysis.

| Example 1 
 —         | Calculation of the Payment at Maturity where the Percentage Change is positive (and the Final Level is below the Cap Level).                                                                                                                       |                                                                                                                                                             |
|           | Percentage Change:                                                                                                                                                                                                                                 | 5.00%                                                                                                                                                       |
|           | Payment at Maturity:                                                                                                                                                                                                                               | $1,000.00 + ($1,000.00 × 200.00% × 5.00%) = $1,000.00 + $100.00 = $1,100.00                                                                                 |
|           | On a $1,000.00 investment, a Percentage Change of 5.00% results in a Payment at Maturity of $1,100.00, a return of 10.000% on the Notes.                                                                                                           |                                                                                                                                                             |
| Example 2 
 —         | Calculation of the Payment at Maturity where the Percentage