Company: TDBCP
Filing Date: 2025-10-23
Form Type: 424B2
Source: 0001140361-25-039046
Chunk: 6

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-23
Form: 424B2
Chunk 6
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 principal amount) per security, on a contingent coupon payment date if the index closing value of eachunderlying index on each trading dayduring the applicable quarterly observation period is greater than or equal to greater than or equal to75.00% of its respective initial index value, which we refer to as its coupon threshold level. If the index closing value of anyunderlying index is less than its coupon threshold level on any trading dayduring the applicable quarterly observation period, investors will not receive any contingent quarterly coupon with respect to the applicable quarterly observation period. TD may elect to redeem the securities at its discretion prior to maturity at a price equal to the early redemption payment, which will be (i) the stated principal amount per security plus(ii) any contingent quarterly coupon otherwise payable with respect to the applicable quarterly observation period. The payment at maturity will vary depending on the final index values, as follows:

|   | Scenario 1                                                                                                                                                                                  |     | Onor before any observation period end-date other than the first observation period end-date and the final observation period end-date, TD elects to redeem the securities at its 
 discretion in whole, but not in part.                                                                                                                                             |                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                             |     | ■                                                                                                                                                                                 | The securities will be redeemed on the redemption date for an amount per security equal to the early redemption payment, which will be (i) the stated principal amountplus(ii) any contingent quarterly coupon otherwise payable with respect to the applicable quarterly observation period. |
| ■ | Investors will not participate in any appreciation of the underlying indices from their respective initial index values and will not realize a return beyond the returns represented by the 
 contingent quarterly coupons received, if any, during the term of the securities.                                                                                                           |     |                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                               |
|   | Scenario 2                                                                                                                                                                                  |     | TD does not elect to redeem the securities prior to maturity and the final index values of all of the underlying indices are greater than or equal                                
 to their respective downside threshold levels.                                                                                                                                    |                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                             |     | ■                                                                                                                                                                                 | The payment due at maturity will be (i) the stated principal amountplus(ii) any contingent quarterly coupon otherwise payable with respect to the                                                                                                                                             
 final quarterly observation period.                                                                                                                                                                                                                                                           |
| ■ | Investors will not participate in any appreciation of the underlying indices from their respective initial index values and will not realize a return beyond the returns represented by the 
 contingent quarterly coupons received, if any, during the term of the securities.