Company: TDBCP
Filing Date: 2025-05-21
Form Type: 424B2
Source: 0001140361-25-020016
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Company: TORONTO DOMINION BANK
Filing Date: 2025-05-21
Form: 424B2
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Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-283969

| The Toronto-Dominion Bank                                                         
 $1,500,000                                                                        
 Bearish Absolute Return Buffered S&P 500®Index-Linked Notes due November 21, 2025 |

The notes do not bear interest.The amount that you will be paid on your notes on the maturity date (November 21, 2025) is based on the performance of the S&P 500 ®Index as measured from the pricing date (May 19, 2025) to and including the valuation date (November 19, 2025). If the final level on the valuation date is less than the initial level of 5,963.60 but greater than or equal to the buffer level of 78.63% of the initial level, the return on your notes at maturity will be positive and will equal the absolute value of the percentage change (e.g., if the percentage change is -10%, your return will be +10%). As a result of the buffer level, the maximum potential return on your notes will be limited to 21.37%. If the final level on the valuation date is greater than or equal to the initial level, you will receive no positive return on the notes and, at maturity, you will only receive an amount in cash per note equal to the principal amount of your notes. If the final level declines by more than the buffer percentage from the initial level, the return on your notes will be negative and you will lose approximately 1.2718% of the principal amount of your notes for every 1% that the final level has declined below the buffer level (78.63% of the initial level). Despite the inclusion of the buffer level, due to the downside multiplier you may lose your entire principal amount. By purchasing these notes, you are taking the bearish view that the value of the reference asset will decline such that the final level will be less than the initial level but greater than or equal to the buffer level. To determine your payment at maturity, we will calculate the percentage change of the S&P 500 ®Index, which is the percentage increase or decrease in the final level from the initial level. At maturity, for each $1,000 principal amount of your notes, you will receive an amount in cash equal to:

| ● | if the percentage change is zero or positive (the final level is greater than or equal to the initial level), $1,000;