Company: TDBCP
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0001140361-25-036438
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-29
Form: 424B2
Chunk 4
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 will receive the quarterly interest payments, but you will not receive the Step Payment on the maturity date, and you will participate on a 1-for-1 basis in the decrease in the price of the Underlying Stock. The Redemption Amount per unit will equal: On the maturity date, you will receive the Redemption Amount per unit of $7.00.

| STEP Income Securities® | TS-4 |

| STEPIncomeSecurities®                                                          
 Linked to the Common Stock of Chipotle Mexican Grill, Inc. due October  , 2026 |

Summary of the Hypothetical Examples

|                                         |                Example 1 |                Example 2 |              Example 3 |
|                                         |      The Ending Value is 
 greater than or equal to 
           the Step Level |      The Ending Value is 
       less than the Step 
   Level but greater than 
 or equal to the Starting 
                    Value |    The Ending Value is 
 less than the Starting 
          Value and the 
        Threshold Value |
| Starting Value                          |                  $100.00 |                  $100.00 |                $100.00 |
| Ending Value                            |                  $125.00 |                  $105.00 |                 $70.00 |
| Step Level                              |                  $111.50 |                  $111.50 |                $111.50 |
| Threshold Value                         |                  $100.00 |                  $100.00 |                $100.00 |
| Interest Rate (per year)                |                   11.50% |                   11.50% |                 11.50% |
| Step Payment                            |                    $0.30 |                    $0.00 |                  $0.00 |
| Redemption Amount per Unit              |                   $10.30 |                   $10.00 |                  $7.00 |
| Total Return of the Underlying Stock(1) |                   25.00% |                    5.00% |                -30.00% |
| Total Return on the Notes(2)            |                   14.72% |                   11.72% |                -18.28% |

| (1) | The total return of the Underlying Stock may be rounded for ease of analysis and assumes: |

| (a) | the percentage change in the price of the Underlying Stock from the Starting Value to the Ending Value; |

| (b) | a constant dividend yield of 0.00% per year; and |

| (c)