Company: TDBCP
Filing Date: 2025-10-09
Form Type: 424B3
Source: 0001140361-25-037791
Chunk: 39

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-09
Form: 424B3
Chunk 39
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 day. The calculation agent will calculate the value of the Basket for an Observation Date or a calculation day by summing the products of the Closing Market Price of each Basket Stock on the relevant trading day (multiplied by its Price Multiplier on that day, if applicable) and the Component Ratio for each Basket Stock. The value of the Basket will vary based on the increase or decrease in the price of each Basket Stock. Any increase in the price of a Basket Stock (assuming no change in the price of the other Basket Stock or Basket Stocks) will result in an increase in the value of the Basket. Conversely, any decrease in the price of a Basket Stock (assuming no change in the price of the other Basket Stock or Basket Stocks) will result in a decrease in the value of the Basket. PS-32 Unless otherwise specified in the applicable term sheet, if, for any Basket Stock (an “ Affected Basket Stock”), the calculation agent determines that (i) a Market Disruption Event occurs on the calculation day or, if applicable, on an Observation Date or (ii) any such date is not a trading day by reason of an extraordinary event, occurrence, declaration, or otherwise (any such day in either (i) or (ii) being a “ non-calculation day”), the calculation agent will determine the Closing Market Prices of the Basket Stocks for such non-calculation day, and as a result, the Ending Value or the relevant Observation Level, if applicable, as follows:

| ● | The Closing Market Price of each Basket Stock that is not an Affected Basket Stock will be its Closing Market Price on such non-calculation day. |

| ● | The Closing Market Price of each Basket Stock that is an Affected Basket Stock for the applicable non-calculation day will be determined in the same manner as described in the penultimate paragraph of “— 
 Automatic Call” and “— The Starting Value, the Observation Level and the Ending Value—Ending Value”, provided that references to “Underlying Stock Measure” will be references to “Basket Stock.”           |

For purposes of determining whether a Market Disruption Event has occurred as to any Basket Stock, “Market Disruption Event” will have the meaning stated above in “— Market Disruption Events.” Role of the Calculation Agent The calculation agent has the sole discretion to make all determinations regarding LIRNs as described in this product supplement, including determinations regarding the Starting Value, the Threshold Value, the Ending Value, the Market Measure, the Price Multiplier, the