Company: TDBCP
Filing Date: 2025-12-04
Form Type: 424B2
Source: 0001140361-25-044319
Chunk: 20

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-04
Form: 424B2
Chunk 20
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 Interest Barrier Value)                 |     |                                                    $0.00 |
| Final Valuation Date                                             |     | Reference Asset A: 5,200.00 (less thanits Contingent Interest Barrier Value and Barrier Value)                
 Reference Asset B: 3,125.00 (greater than or equal toits Contingent Interest Barrier Value and Barrier Value) 
 Reference Asset C: 7,700.00 (greater than or equal toits Contingent Interest Barrier Value and Barrier Value) |     | $1,000 + ($1,000 × Least Performing Percentage Change) = 
                            $1,000 + ($1,000 × -60.00%) = 
                                                  $400.00 
                                    (Payment at Maturity) |
|                                                                  |     | Total Payment:                                                                                                |     |                                    $400.00 (60.00% loss) |

Because TD does not elect to call the Notes prior to maturity and the Closing Value of at least one Reference Asset on each Contingent Interest Observation Date prior to the Final Valuation Date is less than its Contingent Interest Barrier Value, we will not pay the Contingent Interest Payment on any of the corresponding Contingent Interest Payment Dates and the Notes will not be subject to an Issuer Call.

| TD SECURITIES (USA) LLC | P-14 |

Because the Final Value of at least one Reference Asset is less than its Contingent Interest Barrier Value and Barrier Value, on the Maturity Date we will pay you a cash payment that is less than the Principal Amount, if anything, equal to the Principal Amount plus the product of the Principal Amount and the Least Performing Percentage Change, for a total of $400.00 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 Least Performing Percentage Change. Specifically, investors will lose 1% of the Principal Amount of the Notes for each 1% that the Final Value of the Least Performing Reference Asset is less than its Initial Value, and may lose the entire Principal Amount. Any payments on the Notes are subject to our credit risk.

| TD SECURITIES (USA) LLC | P-15 |

Information Regarding the Reference Assets All disclosures contained in this document regarding the Reference Assets, including, without limitation, their make-up, methods of calculation, and changes in any Reference Asset Constituents, have been derived from publicly available sources. We have not undertaken an independent