Company: TDBCP
Filing Date: 2025-05-06
Form Type: 424B2
Source: 0001140361-25-017468
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-06
Form: 424B2
Chunk 5
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 coupons received, if any, during the term of the securities. TD may elect to redeem the securities at its discretion prior to the maturity date. It is more likely that TD will elect to redeem the securities prior to maturity when the expected contingent quarterly coupons payable on the securities are greater than the interest that would be payable on other instruments issued by TD of comparable maturity, terms and credit rating trading in the market. TD is less likely to elect to redeem the securities prior to maturity when the expected contingent quarterly coupons payable on the securities are less than the interest that would be payable on other comparable instruments issued by TD, which includes when the value of any underlying index is less than its coupon threshold level. Therefore, the securities are more likely to remain outstanding when the expected amount payable on the securities is less than what would be payable on other comparable instruments and when your risk of not receiving a contingent quarterly coupon is relatively higher.

| May 2025 | Page3 |

| $16,066,000 Callable Contingent Income Securities with Daily Coupon Observation due May 6, 2027 |
| Based on the Worst Performing of the Nasdaq-100 Index®, the                                     
 Russell 2000®Index and the S&P 500®Index                                                        
 Principal at Risk Securities                                                                    |

Key Investment Rationale The securities offer the opportunity for investors to earn a contingent quarterly coupon, which is an amount equal to $28.20 (equivalent to 11.28% per annum of the stated 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 to70% 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                                                                                                                                                                                  |     | On or before any observation period end-date other than the final observation period end-date, TD elects to redeem the securities at its