Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001140361-25-035084
Chunk: 7

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 7
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 underlying return is 3.00%.
    Accordingly, investors receive the stated principal amount at maturity plus a return equal to 200% times the underlying return, resulting in a payment at maturity of $1,060.00 per PLUS (a total return of 6.00%).

EXAMPLE 2: The value of the underlying index increases over the term of the PLUS such that the payment at maturity is equal to the maximum payment at maturity.**

| Final index value   |                                                                                                         150 |
| Underlying return   |                                                                                  (150 – 100) / 100 = 50.00% |
| Payment at maturity |                          = $1,000.00 + leveraged upside payment, subject to the maximum payment at maturity |
|                     | = $1,000.00 + ($1,000.00 × leverage factor × underlying return), subject to the maximum payment at maturity |
|                     |                                                         = maximum payment at maturity of $1,235.00 per PLUS |

In

#### Example 2
, the final index value is greater than the initial index value and the underlying return is 50.00%. Under the terms of the PLUS, investors will realize the maximum payment at maturity if the underlying return is 11.75% or higher. Therefore, in this example, investors receive the maximum payment at maturity of $1,235.00 per stated principal amount, even though the underlying index has appreciated by an amount significantly greater than the return represented by the maximum payment at maturity.

| September 2025 | Page5 |

**EXAMPLE 3: The final index value is less than the initial index value.**

| Final index value   |                                            40 |
| Underlying return   |                    (40 – 100) / 100 = -60.00% |
| Payment at maturity | = $1,000.00 + ($1,000.00 × underlying return) |
|                     |           = $1,000.00 + ($1,000.00 × -60.00%) |
|                     |                         = $1,000.00 - $600.00 |
|                     |                                     = $400.00 |

In

#### Example 3
**, the final index value is less than the initial index value and the underlying return is -60.00%. Because
    the final index value is less than the initial index value, investors are fully exposed to the decline of the final index value of the underlying index relative to the initial index value, resulting