Company: TDBCP
Filing Date: 2025-09-11
Form Type: 424B2
Source: 0001140361-25-034649
Chunk: 19

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-11
Form: 424B2
Chunk 19
---
 how to determine whether a contingent coupon payment will be paid (and whether any previously unpaid contingent coupon payments will be paid) and whether the securities will be automatically called, if applicable, on a contingent coupon payment date prior to the stated maturity date. The examples do not reflect any specific contingent coupon payment date. The following examples reflect the contingent coupon rate of 19.50% per annum and assume the hypothetical starting price, coupon threshold price and stock closing prices for each Underlying Stock indicated in the examples. The terms used for purposes of these hypothetical examples do not represent any actual starting price or coupon threshold price. The hypothetical starting price of $100.00 for each Underlying Stock has been chosen for illustrative purposes only and does not represent the actual starting price for any Underlying Stock. The actual starting price and coupon threshold price for each Underlying Stock was determined on the pricing date and are set forth under “Terms of the Securities” above. For historical data regarding the actual closing prices of the Underlying Stocks, see the historical information provided herein. These examples are for purposes of illustration only and the values used in the examples may have been rounded for ease of analysis. Example 1. The stock closing price of the lowest performing Underlying Stock on hypothetical calculation day #1 is greater than or equal to its coupon threshold price and less than its starting price. As a result, investors receive a contingent coupon payment on the applicable contingent coupon payment date and the securities are not automatically called.

|                                                                                         |    The common stock 
 of Arista Networks, 
                Inc. |   The common stock 
   of Constellation 
 Energy Corporation |
| Hypothetical starting price:                                                            |             $100.00 |            $100.00 |
| Hypothetical stock closing price on hypothetical calculation day #1:                    |              $95.00 |             $70.00 |
| Hypothetical coupon threshold price:                                                    |              $70.00 |             $70.00 |
| Performance factor (stock closing price on calculation day #1divided bystarting price): |              95.00% |             70.00% |

Step 1: Determine which Underlying Stock is the lowest performing Underlying Stock on hypothetical calculation day #1. In this example, the common stock of Constellation Energy Corporation has the lowest performance factor and is, therefore, the lowest performing Underlying Stock on hypothetical calculation day #1. Step 2: Determine whether a contingent coupon payment will be paid and whether the securities will be automatically