Company: TDBCP
Filing Date: 2025-08-22
Form Type: 424B3
Source: 0001140361-25-032317
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-22
Form: 424B3
Chunk 12
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 U.S. tax treatment of the Notes is uncertain. Please read carefully the section entitled “Material U.S. Federal Income Tax Consequences” herein and in the product supplement. You should consult your tax advisor as to the tax consequences of your investment in the Notes.

| TD SECURITIES (USA) LLC | P-9 |

For a discussion of the Canadian federal income tax consequences of investing in the Notes, please see the discussion in the prospectus under “Tax Consequences — Canadian Taxation” and in the product supplement under “Supplemental Discussion of Canadian Tax Consequences” and the further discussion herein under “Summary”. If you are not a Non-resident Holder (as that term is defined in the prospectus) for Canadian federal income tax purposes or if you acquire the Notes in the secondary market, you should consult your tax advisors as to the consequences of acquiring, holding and disposing of the Notes and receiving the payments that might be due under the Notes.

| TD SECURITIES (USA) LLC | P-10 |

Hypothetical Returns The examples and table set out below are included for illustration purposes only and are hypothetical examples only: amounts below may have been rounded for ease of analysis. The hypothetical Percentage Changes of the Reference Assets used to illustrate the calculation of the Payment at Maturity are not estimates or forecasts of the Initial Values, the Final Values or the values of the Reference Assets on any Trading Day prior to the Maturity Date. All examples reflect Barrier Values equal to 70.00% of the Initial Values, the Leverage Factor of 175.75%, that a holder purchased Notes with an aggregate Principal Amount of $1,000 and that no market disruption event occurs on the Final Valuation Date. The actual terms of the Notes are set forth elsewhere in this pricing supplement.

| Example 1 — | Calculation of the Payment at Maturity where the Final Value of each Reference Asset is greater than its Initial Value.                                    |                                              |
|             | Least Performing                                                                                                                                           
 Percentage Change:                                                                                                                                         | 10.00%                                       |
|             | Payment at Maturity:                                                                                                                                       | = $1,000.00 + ($1,000.00 × 10.00% × 175.75%) 
 = $1,000.00 + $175.75                        
 = $1,175.75                                  |
|             | On a $1,000.00 investment, a Least Performing Percentage Change of 10.00% results in a Payment at Maturity of $1