Company: TDBCP
Filing Date: 2025-10-09
Form Type: 424B3
Source: 0001140361-25-037791
Chunk: 25

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-09
Form: 424B3
Chunk 25
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 Amount will equal the principal amount. |

| ● | If the Ending Value is less than the Threshold Value, then the Redemption Amount will equal: |

The Redemption Amount will not be less than zero. The “ Threshold Value” will be a value of the Market Measure that equals a specified percentage of the Starting Value, which will be less than or equal to 100%. The Threshold Value will be determined on the pricing date and set forth in the applicable term sheet. If the Threshold Value is equal to 100% of the Starting Value, then the Redemption Amount for LIRNs will be less than the principal amount if there is any decrease in the value of the Market Measure from the Starting Value to the Ending Value, and you may lose all of your investment in LIRNs. Your participation in any upside performance of the Market Measure underlying your LIRNs will also be impacted by the Participation Rate. The “ Participation Rate” may be greater than or equal to 100%. The Participation Rate applicable to your LIRNs will be set forth in the applicable term sheet. If the applicable term sheet specifies that the Participation Rate is 100%, your participation in any upside performance of the Market Measure will not be leveraged. Each applicable term sheet will provide examples of payments on LIRNs based on certain hypothetical Observation Levels, if applicable, and a range of hypothetical Ending Values. The applicable term sheet will set forth information as to the specific Market Measure, including information as to the historical values of the Underlying Stock. However, historical prices of any Underlying Stock are not indicative of its future performance or the performance of your LIRNs. An investment in LIRNs does not entitle you to any ownership interest in or any other rights with respect to the Underlying Company, including any voting rights, in any Underlying Stock, nor dividends paid, or other distributions made, by any Underlying Company. Unless otherwise specified in the applicable term sheet, a “ Business Day” means any day that is a Monday, Tuesday, Wednesday, Thursday or Friday that is neither a legal holiday nor a day on which banking institutions are authorized or required by law to close in New York City. PS-22 Automatic Call If specified in the applicable term sheet, LIRNs may be subject to an automatic call. In that case, LIRNs will be called, in whole but not in part, if the Observation Level of the Market Measure on any Observation Date is greater than or equal to the Call Level set forth in the applicable term sheet. The “ Call