Company: TDBCP
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001140361-25-038077
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-14
Form: 424B2
Chunk 3
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 increase substantially and do not want a payment at maturity that is limited to the Step Payment. |

| ◾ | You seek principal repayment or preservation of capital. |

| ◾ | In addition to interest payments, you seek an additional guaranteed return above the principal amount. |

| ◾ | You seek to receive dividends or other distributions paid on the Underlying Stock. |

| ◾ | You seek an investment for which there will be a liquid secondary market. |

| ◾ | You are unwilling or are unable to take market risk on the notes or to accept the credit risk of TD as issuer of the notes. |

We urge you to consult your investment, legal, tax, accounting, and other advisors concerning an investment in the notes.

| STEP Income Securities® | TS-3 |

Hypothetical Payments at Maturity

The following examples are for purposes of illustration only. They are based on hypothetical values and show hypothetical payments on the notes. The actual amount you receive and the resulting return will depend on the actual Starting Value, Threshold Value, Ending Value, Step Level and the term of your investment. The
            following examples do not take into account any tax consequences from investing in the notes. These examples are based on:

| 1) | a Starting Value of $100.00; |

| 2) | a Threshold Value of $100.00; |

| 3) | a Step Level of $111.50; |

| 4) | the Step Payment of $0.877 per unit; |

| 6) | the Interest Rate of 11.50% per year. |

The hypotheticalStarting Value of $100.00 used in these examples has been chosen for illustrative purposes only. The actual Starting Value is $40.89, which was the Closing Market Price of the Underlying Stock on the pricing date. For recent actual prices of the Underlying Stock, see “The Underlying Stock” section below. In addition, all payments on the notes are subject to issuer credit risk. Example 1 The Ending Value is $125.00 (125.00% of the Starting Value) The Ending Value is greater than the Step Level. Consequently, in addition to the quarterly interest payments, you will receive on the maturity date the principal amount of your notes plus the Step Payment of $0.877 per unit. The Redemption Amount per unit on the maturity date will therefore be equal to $10.877 ($10.00 plus the Step Payment of $0.877 per unit