Company: TDBCP
Filing Date: 2025-08-21
Form Type: 424B2
Source: 0001140361-25-032224
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-21
Form: 424B2
Chunk 17
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 analysis. The hypothetical Initial Levels, Closing Levels, Final Levels andPercentage Changes of the Reference Assets used to illustrate the calculation of whether the Notes are subject to an automatic call and the Payment at Maturity are not estimates or forecasts of the actual Initial Levels, Closing Levels, Final Levels, or the level of any Reference Asset on any Trading Day prior to the Maturity Date. All examples assume Initial Levels of 2,500.00, 6,500.00 and 5,500.00, Step-Down Call Levels of 1,750.00, 4,550.00 and 3,850.00 (each 70.00% of the applicable Initial Level), Barrier Levels of 1,750.00, 4,550.00 and 3,850.00 (each 70.00% of the applicable Initial Level), the per annum Call Premium rate of 9.15% per Note, that the Notes may be subject to an automatic call on any Review Date, that a holder purchased Notes with a Principal Amount of $1,000 and that no market disruption event occurs on any Review Date, including the Final Review Date.The actual terms of the Notes are indicated on the cover hereof.

| Example 1 — | The Notes Are Automatically Called on the First Call Payment Date. |

| Review Date | Closing Levels                                                           | Payment (per Note)                |
| First       | Reference Asset A: 2,600.00 (greater than or equal to its Initial Level) 
 Reference Asset B: 6,900.00 (greater than or equal to its Initial Level) 
 Reference Asset C: 6,300.00 (greater than or equal to its Initial Level) | $1,000 (Principal Amount)         
 + $91.50(Applicable Call Premium) |
|             |                                                                          | $1,091.50(Call Price)             |

Because the Closing Level of each Reference Asset is greater than or equal to its Initial Level on the first Review Date (which is approximately 1 year after the Pricing Date), the Notes will be automatically called and, on the corresponding Call Payment Date, we will pay you a cash payment equal to $1,091.50 per Note, reflecting the applicable Call Price for the first Review Date, for a return of 9.15% per Note. No further amounts will be owed under the Notes.

| Example 2 — | The Notes Are Automatically Called on the Maturity Date. |

| Review Date       |