Company: TDBCP
Filing Date: 2025-07-31
Form Type: 424B2
Source: 0001140361-25-028151
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-31
Form: 424B2
Chunk 16
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 Level on the Final Review Date, on the Maturity Date we will pay you a cash payment equal to $1,080.00 per Note, reflecting the Principal Amount plus the applicable Contingent Interest Payment with respect to the Final Review Date and the previously unpaid Contingent Interest Payment(s) with respect to the prior Review Date(s).In this scenario, TD will have paid you a total of $1,080.00 per Note, for a return of 8.00% per Note.

| Example 4 — | The Closing Level of at least one Reference Asset is less than its Barrier Level on each Review Date Prior to the Final Review Date, the Notes Are Not Automatically Called and the Final Level 
 of the Least Performing Reference Asset is Less Than its Barrier Level.                                                                                                                         |

| Review Date         | Closing Levels                                                               |     |                                       Payment (per Note) |
| First through Third | Reference Asset A: Various (allless thanits Initial Level and Barrier Level) 
 Reference Asset B: Various (allgreater than or equal toits Initial Level)    |     |                                                    $0.00 |
| Final Review Date   | Reference Asset A:40.00(less thanits Barrier Level)                          
 Reference Asset B:115.00(greater than or equal toits Barrier Level)          |     | = $1,000 + ($1,000 × Least Performing Percentage Change) 
                            = $1,000 + ($1,000 × -60.00%) 
               = $400.00 (Total Payment on Maturity Date) |
|                     | Total Payment:                                                               |     |                                    $400.00 (60.00% loss) |

Because the Closing Levelof at least one Reference Asset on each Review Date prior to the Final Review Date is less than its Initial Level and Barrier Level, 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 Level of the Least Performing Reference Asset is less than its Barrier Level on the Final Review Date, on the Maturity Date we will pay you a cash payment equal to the Principal Amount plus the product of the Principal Amount and the Least Performing Percentage Change, for a total of $400.00 per Note, a loss of 60.00% per Note.

| TD SECURITIES (USA) LLC | P-11 |

The following table illustrates the hypothetical payments per Note that may be realized at maturity for a range of hypothetical Final