Company: TDBCP
Filing Date: 2025-09-24
Form Type: 424B3
Source: 0001140361-25-035988
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-24
Form: 424B3
Chunk 0
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STEP Income Securities ®Linked to a Single Equity Security

| • | The STEP Income Securities®(the “notes”) are senior unsecured debt securities issued by The Toronto Dominion Bank (“TD”). 
 Any payments due on the notes, including any repayment of principal, will be subject to the credit risk of TD.            |

| • | The notes do not guarantee the return of principal at maturity. Instead, the payment at maturity will be based on the performance of an underlying “Market Measure,” which will be either the common 
 equity securities or American Depositary Receipts (“ADRs”) of a company other than us, the agents, or our or their respective affiliates (the “Underlying Stock”).                                   |

| • | The notes pay periodic interest payments at a fixed interest rate over their term and provide an opportunity to earn an additional fixed payment at maturity (the “Step Payment”). However, your 
 payment at maturity will be exposed to any negative performance of the Underlying Stock below the Threshold Value (as defined below) on a 1-to-1 basis.                                          |

| • | If the value of the Underlying Stock increases from its Starting Value to an Ending Value (each as defined below) that is greater than or equal to a specified “Step Level,” the cash payment per  
 unit at maturity (the “Redemption Amount”) will equal the principal amount plus the Step Payment. Your maximum return on the notes will equal the interest payments plus the Step Payment, if any. |

| • | If the Ending Value is less than the Step Level, but greater than or equal to the Threshold Value, you will receive your principal amount at maturity. However, if the Ending Value is less than the Threshold Value, you will be subject to 
 1-to-1 downside exposure to the decrease in the value of the Underlying Stock below the Threshold Value. In such case, you will lose some or all of the principal amount of your notes.                                                      |

| • | This product supplement describes the general terms of the notes, the risk factors to consider before investing, the general manner in which they may be offered and sold, and other relevant information. |

| • | For each offering of the notes, we will provide you with a pricing supplement (which we refer to as a “term sheet”)                                                                                                                           
 that will describe the specific terms of that offering, including the specific Underlying Stock, the Threshold Value, the Step Level, the Step Payment, the interest rate, the interest payment dates, and certain related risk factors.