Company: TDBCP
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001140361-25-042436
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-17
Form: 424B2
Chunk 0
---
Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-283969

| The Toronto-Dominion Bank                                                    
 $3,584,000                                                                   
 Digital iShares®20+ Year Treasury Bond ETF-Linked Notes due February 9, 2027 |

The notes do not bear interest.The amount that you will be paid on your notes on the maturity date (February 9, 2027) is based on the performance of the shares of the iShares ®20+ Year Treasury Bond ETF (the reference asset) as measured from the pricing date (November 13, 2025) to and including the valuation date (February 5, 2027). The return on your notes, if any, is linked to the performance of the reference asset, and not to that of the ICE U.S. Treasury 20+ Year Bond Index (the target index) on which the reference asset is based. The performance of the reference asset may significantly diverge from that of the target index. If the final price on the valuation date is greater than or equal to the threshold price of 90.00% of the initial price of $89.38, you will receive the threshold settlement amount of $1,068.30 for each $1,000 principal amount of your notes. If the final price on the valuation date is less than the threshold price of 90.00% of the initial price, your payment, if any, will be less than the principal amount and you will have a loss equal to the percentage decrease below the threshold price timesthe downside multiplier of approximately 1.1111. Specifically, if the final price declines by more than 10.00% from the initial price, you will lose approximately 1.1111% of the principal amount of your notes for every 1% that the final price has declined below the threshold price of 90.00% of the initial price. Despite the inclusion of the threshold price, due to the downside multiplier you may lose your entire principal amount. To determine your payment at maturity, we will calculate the percentage change of the reference asset, which is the percentage increase or decrease in the final price from the initial price. At maturity, for each $1,000 principal amount of your notes, you will receive an amount in cash, if anything, equal to:

| ● | if the percentage change is greater than or equal to -10.00% (the final price is greater than or equal to 90.