Company: TDBCP
Filing Date: 2025-10-23
Form Type: 424B2
Source: 0001140361-25-039046
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-23
Form: 424B2
Chunk 0
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| October 2025                                                                                           
 Pricing Supplement                                                                                     
 Dated October 21, 2025                                                                                 
 Registration Statement No. 333-283969                                                                  
 Filed pursuant to Rule 424(b)(2)                                                                       
 (To Prospectus dated February 26, 2025,                                                                
 Underlier Supplement dated February 26, 2025, and Product Supplement MLN-EI-1 dated February 26, 2025) |

STRUCTURED INVESTMENTS Opportunities in U.S. and International Equities $2,600,000 Callable Contingent Income Securities with Daily Coupon Observation and 6-Month Initial Non-Call Period due October 26, 2028 Based on the Worst Performing of the Nikkei 225 ®Index, the Russell 2000 ®Index and the S&P 500 ®Index Principal at Risk Securities Callable Contingent Income Securities with Daily Coupon Observation and 6-Month Initial Non-Call Period (the “securities”) do not guarantee the repayment of principal and do not provide for the regular payment of interest. Instead, the securities offer the opportunity for investors to earn a contingent quarterly coupon on a contingent coupon payment date if the index closing value of eachunderlying index on each trading dayduring the applicable quarterly observation period is greater than or equal to 75.00% of its initial index value, which we refer to as its coupon threshold level. However, if the index closing value of anyunderlying index is less thanits coupon threshold level on any trading dayduring the applicable quarterly observation period, you will not receive any contingent quarterly coupon with respect to the applicable quarterly observation period. As a result, investors must be willing to accept the risk of not receiving any contingent quarterly coupons during the term of the securities. In addition, The Toronto-Dominion Bank (“TD”) may elect, on or before any observation period end-date other than the first observation period end-date and the final observation period end-date, to redeem the securities at its discretion in whole, but not in part (an “issuer call”), on the contingent coupon payment date corresponding to such observation period end-date (the “redemption date”), regardless of the index closing values of the underlying indices on such observation period end-date. If TD elects to redeem the securities prior to maturity, the securities will be redeemed on the redemption date for an amount per security equal to (i) the stated principal amount plus(ii) any contingent quarterly coupon otherwise payable with respect to the applicable quarterly observation period. No further payments will be