Company: TDBCP
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001140361-25-028635
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-04
Form: 424B2
Chunk 8
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5.00%. Accordingly, investors receive the stated principal amount at maturity plus an unleveraged positive return equal to the absolute value of the percentage decline, resulting in a payment at maturity of $1,050.00 per Buffered PLUS (a total return of 5.00%). EXAMPLE 4: The final index value is less than the initial index value by more than the buffer amount.

| Final index value   |                                                           40.00 |
| Underlying return   |                             (40.00 – 100.00) / 100.00 = -60.00% |
| Payment at maturity | = $1,000.00 + [$1,000.00 × (underlying return + buffer amount)] |
|                     |                  = $1,000.00 + [$1,000.00 × (-60.00% + 15.00%)] |
|                     |                                           = $1,000.00 - $450.00 |
|                     |                                                       = $550.00 |

In Example 4, the final index value is less than the initial index value and the underlying return is -60.00%. Because the final index value is less than the initial index value by more than the buffer amount, investors receive a payment at maturity of $550.00 per Buffered PLUS (a return on investment of -45.00%). If the final index value is less than the initial index value by more than the buffer amount, you will lose 1% for every 1% that the final index value falls below the initial index value in excess of the buffer amount and could lose up to 85.00% of your investment in the Buffered PLUS.

| July 2025 | Page7 |

| $2,991,000 Dual Directional Buffered PLUS Based on the Value of the Russell 2000®Index due August 4, 2027 
 Buffered Performance Leveraged Upside SecuritiesSM                                                        
 Principal at Risk Securities                                                                              |

Risk Factors The following is a non-exhaustive list of certain key risk factors for investors in the Buffered PLUS. For further discussion of these and other risks, you should read the section entitled “Additional Risk Factors Specific to the Notes” of the accompanying product supplement and “Risk Factors” of the accompanying prospectus. We also urge you to consult your investment, legal, tax, accounting and other advisors concerning an investment in the Buffered PLUS. Risks Relating to Return Characteristics

| ◾ | You may lose up to 85.00% of