Company: TDBCP
Filing Date: 2025-11-06
Form Type: 424B2
Source: 0001140361-25-040720
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-06
Form: 424B2
Chunk 14
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 Value, on the Maturity Date we will pay you a cash payment equal to $1,026.25 per Note, reflecting your Principal Amount plus the applicable Contingent Interest Payment, for a total return of 2.625% on the Notes.

| TD SECURITIES (USA) LLC | P-12 |

Example 3 — The Closing Value of the Reference Asset is Less Than the Contingent Interest Barrier Value on Each Contingent Interest Observation Date Prior to the Final Valuation Date, the Notes are NOT Automatically Called on Any Call Observation Date and the Final Value is Less Than the Contingent Interest Barrier Value and Barrier Value.

| Date                                                                                                           |     | Closing Value                                                                        |     |             Payment (per Note) |
| First Contingent Interest Observation Date and First Call Observation Date                                     |     | $199.50 (less thanthe Contingent Interest Barrier Value and Call Threshold Value)    |     |                          $0.00 |
| Second through Eleventh Contingent Interest Observation Date and Second through Eleventh Call Observation Date |     | Various (allless thanthe Call Threshold Value and Contingent Interest Barrier Value) |     |                          $0.00 |
| Final Valuation Date                                                                                           |     | $120.00 (less thanthe Contingent Interest Barrier Value and Barrier Value)           |     |     Physical Delivery Amount = 
             $120.00 × 3.3333 = 
 $400.00* (Payment at Maturity) |
|                                                                                                                |     | Total Payment and/or Delivery:                                                       |     |          $400.00 (60.00% loss) |

* Represents the approximate cash value of the Physical Delivery Amount on the Final Valuation Date. Because the Notes are physically settled, the actual value received and the total return on the Notes at maturity depends on the value of the Reference Asset on the Maturity Date. Because the Closing Value of the Reference Asset is less than the Contingent Interest Barrier Value on each Contingent Interest Observation Date prior to the Final Valuation Date (and therefore also less than the Call Threshold Value on each Call Observation Date), we will not pay the Contingent Interest Payment on any of the corresponding Contingent Interest Payment Dates and the Notes will not be automatically called. Because the Final Value is less than the Contingent Interest Barrier Value and Barrier Value, on the Maturity Date we will deliver a number of shares of the Reference Asset equal to the Physical Delivery Amount (with cash