Company: TDBCP
Filing Date: 2025-11-14
Form Type: 424B2
Source: 0001140361-25-042277
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-14
Form: 424B2
Chunk 3
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 Payment on a Contingent Interest Payment Date if the Closing                                                                           
 Value of the Reference Asset on the related Contingent Interest Observation Date is less than the Contingent Interest Barrier Value.                                                                                                            |
| Memory Interest Feature:     | If a Contingent Interest Payment is not made on a Contingent Interest Payment Date (other than the Maturity Date) because the Closing Value of the Reference Asset is less than the                                                             
 Contingent Interest Barrier Value on the related Contingent Interest Observation Date, that Contingent Interest Payment will be made on a later Contingent Interest Payment Date if the Closing Value of the Reference Asset is greater than or 
 equal to the Contingent Interest Barrier Value on the related Contingent Interest Observation Date. For the avoidance of doubt, once a previously unpaid Contingent Interest Payment has been made on a later Contingent Interest Payment Date, 
 it will not be made again on any subsequent Contingent Interest Payment Date. If the Closing Value of the Reference Asset is less than the Contingent Interest Barrier Value on each of the Contingent Interest Observation Dates, you will not 
 receive any Contingent Interest Payments during the term of, and will not receive a positive return on, the Notes.                                                                                                                              |
| Contingent Interest Rate:    | 15.00% to 17.00% per annum (to be determined on the Pricing Date)                                                                                                                                                                               |
| Contingent Interest Barrier  
 Value:                       | $• (55.00% of the Initial Value, to be determined on the Pricing Date), as determined by the Calculation Agent and subject to adjustment as described under “General Terms of the Notes — Anti-Dilution Adjustments” in the product             
 supplement.                                                                                                                                                                                                                                     |

| TD SECURITIES (USA) LLC | P-3 |

| Contingent Interest 
 Observation Dates:  | Quarterly, each February, May, August and November, as specified below, subject to postponement upon the occurrence of a market disruption event as described in the accompanying product supplement. |

| February 27, 2026* 
 May 28, 2026*      | November 30, 2026*           
 February 26, 2027*           | (cont.) |
|:-------------------|:-----------------------------|:--------|
| August 28, 2026*   | May 28, 2027                 
 (the “Final Valuation Date”) |         |

|                             | *