Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B3
Source: 0001140361-25-006064
Chunk: 22

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B3
Chunk 22
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 PS-19 Principal Amount + (Principal Amount × Percentage Change) (b) Downside Multiplier. If the applicable pricing supplement specifies that a Downside Multiplier is applicable to your notes, then the Payment at Maturity will be calculated as follows: Principal Amount + (Principal Amount × Percentage Change × Downside Multiplier) The Downside Multiplier represents the extent to which your notes will participate in the downside performance (or, in the case of bearish notes, upside performance) of the Reference Asset. The Downside Multiplier may be less than, equal to, or greater than 100%. If the Downside Multiplier is less than 100%, your notes will participate in less than the full downside performance (or, in the case of bearish notes, upside performance) of the Reference Asset. If the Downside Multiplier is greater than 100%, your notes will participate in the downside performance (or, in the case of bearish notes, upside performance) on a leveraged basis. The Downside Multiplier will be specified in the applicable pricing supplement, if applicable. Depending on the Downside Multiplier, you may lose all or a substantial portion of the amount that you invested to purchase the notes; however, in no event will you lose more than your initial investment. (a) Buffer. If the applicable pricing supplement specifies that a Buffer is applicable to your notes:

| 1. | If the Final Level is greater than or equal to (or, in the case of bearish notes, less than or equal to) the Buffer Level, then the Payment at Maturity will equal the Principal Amount of your notes. |

| 2. | If the Final Level is less than (or in the case of bearish notes, greater than) the Buffer Level, then the Payment at Maturity will equal: |

Principal Amount + [(Principal Amount × (Percentage Change + Buffer Percentage)]

| 3. | If the Final Level is less than (or, in the case of bearish notes, greater than) the Buffer Level and the applicable pricing supplement also specifies that a "Downside Multiplier" is applicable to your notes, 
 then the Payment at Maturity will be calculated as follows:                                                                                                                                                      |

Principal Amount + [Principal Amount × (Percentage Change + Buffer Percentage) × Downside Multiplier] The Buffer Level is a specified level of the Reference Asset that is less than (or, in the case of bearish notes, greater than) the Initial Level. The Buffer Level will be a