Company: TDBCP
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001140361-25-028550
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-04
Form: 424B2
Chunk 5
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®, the Russell 2000®Index and the S&P 500®Index 
 Principal at Risk Securities                                                                         |

Key Investment Rationale The securities offer the opportunity for investors to earn a contingent quarterly coupon, which is an amount equal to $22.65 (equivalent to 9.06% per annum of the stated principal amount) per security, with respect to each determination date on which the index closing value or the final index value of eachunderlying index is greater than or equal to70% of its respective initial index value, which we refer to as the coupon threshold level. TD may elect to redeem the securities at its discretion prior to maturity at a price equal to the early redemption payment, which will be (i) the stated principal amount per security plus(ii) any contingent quarterly coupon otherwise payable with respect to the applicable determination date. The payment at maturity will vary depending on the final index values, as follows:

|   | Scenario 1                                                                                                                                                                              |     | On or before any determination date other than the final determination date, TD elects to redeem the securities at its discretion in whole, but    
 not in part.                                                                                                                                       |                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                         |     | ◾                                                                                                                                                  | The securities will be redeemed on the redemption date for an amount per security equal to the early redemption payment, which will be (i) the stated principal amountplus(ii) any contingent quarterly coupon otherwise payable with respect to the applicable determination date. |
| ◾ | Investors will not participate in any increase of the underlying indices from their respective initial index values and will not realize a return beyond the returns represented by the 
 contingent quarterly coupons received, if any, during the term of the securities.                                                                                                       |     |                                                                                                                                                    |                                                                                                                                                                                                                                                                                     |
|   | Scenario 2                                                                                                                                                                              |     | TD does not elect to redeem the securities prior to maturity and the final index values of all of the underlying indices are greater than or equal 
 to their respective downside threshold levels and coupon threshold levels.                                                                         |                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                         |     | ◾                                                                                                                                                  | The payment due at maturity will be (i) the stated principal amountplus(ii) any contingent quarterly coupon otherwise payable with respect to the                                                                                                                                   
 final determination date.                                                                                                                                                                                                                                                           |
| ◾ | Investors will not participate in any increase of the underlying indices from their respective initial index values and will not realize a return beyond the returns represented by the 
 contingent quarterly coupons received, if any, during the term of