Company: TDBCP
Filing Date: 2025-08-05
Form Type: 424B2
Source: 0001140361-25-028903
Chunk: 1

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-05
Form: 424B2
Chunk 1
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)” herein. |                                                                                                                                                                                                                                                              |                                                                                                                                                  |
|                                                                                                                                                                              | Estimated value on the pricing date:                                                    |                                                                            The estimated value of your securities at the time the terms of your securities were set on the pricing date was $964.80 per security, as discussed further under “Risk 
     Factors — Risks Relating to Estimated Value and Liquidity” beginning on page 13 and “Additional Information About the Securities — Additional information regarding the estimated value of the securities” herein. The estimated value is less 
                                                                                                                                                                                                  than the public offering price of the securities. |                                                                                                                                                                                                                                                              |                                                                                                                                                  |

| Commissions and issue price: |     | Price to Public(1) | Fees and Commissions(1) | Proceeds to Issuer |
| Per security                 |     |          $1,000.00 |               $15.00(a) |            $980.00 |
|                              |     |                    |              + $5.00(b) |                    |
|                              |     |                    |                  $20.00 |                    |
| Total                        |     |     $11,569,000.00 |             $231,380.00 |     $11,337,620.00 |

| * | As determined by the calculation agent and as may be adjusted as described under “General Terms of the Notes — Unavailability of the Level of, or Change in Law Event Affecting, the Reference Asset; Modification to 
 Method of Calculation”, as described in the accompanying product supplement.                                                                                                                                          |

| (1) | TDS has agreed to purchase the securities from TD at the price to public less a fee of $20.00 per security. TDS has agreed to resell all of the securities to Morgan Stanley Smith Barney LLC (“Morgan Stanley Wealth 
 Management”) at an underwriting discount which reflects:                                                                                                                                                              |

| (a) | a fixed sales commission of $15.00 per $1,000.00 stated principal amount of securities that Morgan Stanley Wealth Management sells and |

| (b) | a fixed structuring fee of $5.00 per $1,000.00 stated principal amount of securities that Morgan Stanley Wealth Management sells, |

each payable to Morgan Stanley Wealth Management. See “Additional Information About the Securities — Supplemental information regarding plan of distribution (conflicts of interest); secondary markets (if any)” herein. The securities involve risks not associated with an investment in ordinary debt securities. See “Risk Factors” beginning on page 10. Neither