Company: TDBCP
Filing Date: 2025-10-21
Form Type: 424B2
Source: 0001140361-25-038801
Chunk: 11

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-21
Form: 424B2
Chunk 11
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 oneof the underlying stocks on each determination date prior to the final determination date is less than its                                                                                        
 coupon threshold price and the closing price ofat least oneof the underlying stocks is less than its call threshold price. As a result, you do not receive a contingent quarterly coupon with respect                                          
 to any of those determination dates and the securities are not automatically redeemed prior to maturity. Because the closing prices ofallof the underlying stocks on the final determination date are                                          
 greater than or equal to their respective downside threshold prices and coupon threshold prices, at maturity you receive the stated principal amount plus the contingent quarterly coupon with respect to the final determination date and the 
 previously unpaid contingent quarterly coupons with respect to the previous determination dates pursuant to the memory coupon feature. Your payment at maturity is calculated as follows:                                                      |

$1,000.00 +$38.10 + $114.30 = $1,152.40 In this example, you receive the stated principal amount per security plus the contingent quarterly coupon with respect to the final determination date and the previously unpaid contingent quarterly coupons with respect to the previous determination dates pursuant to the memory coupon feature, equal to a total payment of $1,152.40 per security at maturity (a total return of 15.24% on the securities).

| ◾ | InExample 4, the closing price ofat least oneof the underlying stocks on each determination date throughout the term of the securities is less than its                                                                                          
 coupon threshold price and its call threshold price. As a result, you do not receive any contingent quarterly coupon during the term of the securities and the securities are not automatically redeemed prior to maturity. Furthermore, because 
 the final share price ofat least oneof the underlying stocks is less than its downside threshold price, you receive at maturity shares of the worst performing underlying stock and an amount in cash                                            
 equal to the product of the fractional share amount and its final share price calculated as follows:                                                                                                                                             |

Payment at Maturity = Exchange Ratio of the Worst Performing Underlying Stock Exchange Ratio of the Worst Performing Underlying Stock = $400.00* = $40.00 × 10.0000 shares Payment at Maturity= $400.00*

| * | Represents the approximate cash value of the exchange ratio of the worst performing underlying stock as of the final determination date, a loss of 60.00% on the securities. Based on the hypothetical numbers used in this example, you 
 would receive at maturity 10 shares of the worst performing underlying stock.