Company: TDBCP
Filing Date: 2025-04-28
Form Type: 424B2
Source: 0001140361-25-015970
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-28
Form: 424B2
Chunk 16
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 Date and the previously unpaid Contingent Interest Payments with respect to the prior Review Dates. In this scenario, TD will have paid you a total of $1,161.80 per Note, for a return of 16.18% per Note. Example 4 — The Closing Price of the Reference Asset is Less Than the Buffer Price on Each Review Date Prior to the Final Review Date, the Notes Are Not Automatically Called and the Final Price is Less Than the Buffer Price.

| Review Date         | Closing Price                                              |     |                                                                   Payment (per Note) |
| First through Third | Various (all less than the Initial Price and Buffer Price) |     |                                                                                $0.00 |
| Final Review Date   | $40.00 (less than the Buffer Price)                        |     | = $1,000 + [$1,000 x (Percentage Change + Buffer Amount) x Downside Leverage Factor] 
                              = $1,000 + [$1,000 x (-60.00% + 20.00%) x (1 / 80.00%)] 
                                           = $500.00 (Total Payment on Maturity Date) |
|                     | Total Payment:                                             |     |                                                                $500.00 (50.00% loss) |

Because the Closing Price of the Reference Asset on each Review Date prior to the Final Review Date is less than the Buffer Price, we will not pay the Contingent Interest Payment on any of the corresponding Contingent Interest Payment Dates and the Notes will not be automatically called. Because the Final Price is less than the Buffer Price on the Final Review Date, we will pay you a cash payment equal to the Principal Amount plus the product of (i) the Principal Amount multiplied by(ii) the sum of the Percentage Change plus the Buffer Amount multiplied by(iii) the Downside Leverage Factor, for a total of $500.00 per Note, a loss of 50.00% per Note.

| TD SECURITIES (USA) LLC | P-10 |

The following table illustrates the hypothetical payments per Note that may be realized at maturity for a range of hypothetical Final Prices of the Reference Asset, based on the hypothetical terms set forth above. The table assumes that the Notes have not been automatically called and does not reflect any Contingent Interest Payment that may be payable prior to the Maturity Date or any previously unpaid Contingent Interest Payments otherwise due on the Maturity Date pursuant to the Memory Interest Feature. The hypothetical returns set forth below are for