Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001140361-25-007568
Chunk: 26

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B3
Chunk 26
---
.”

<div align='center'>PS-22</div>

A “

#### trading day
” means a day on which trading is generally conducted (or was scheduled to have been generally conducted, but
    for the occurrence of a Market Disruption Event) on the New York Stock Exchange (the “

#### NYSE
”), The Nasdaq Stock Market, the Chicago Board Options Exchange, and in the over-the-counter market for equity securities
    in the United States, or any successor exchange or market, or in the case of a security traded on one or more non-U.S. securities exchanges or markets, on the principal non-U.S. securities exchange or market for such security.

The “

#### Closing Market Price
” for one share of any Underlying Stock (or one unit of any other security for which a Closing
    Market Price must be determined) on any trading day means any of the following:

| • | if the Underlying Stock (or such other security) is listed or admitted to trading on a national securities exchange, the last reported sale price, regular way (or, in the case of The Nasdaq                                                    
 Stock Market, the official closing price), of the principal trading session on that day on the principal U.S. securities exchange registered under the Exchange Act on which the Underlying Stock (or such other security) is listed or admitted 
 to trading;                                                                                                                                                                                                                                      |

| • | if the Underlying Stock (or such other security) is not listed or admitted to trading on any national securities exchange nor is included in an OTC Exchange, the last reported sale price of the 
 principal trading session on an OTC Exchange on that day;                                                                                                                                         |

| • | if the Underlying Stock (or such other security) is issued by a foreign issuer and its closing price cannot be determined as set forth in the two bullet points above, and the Underlying Stock                                               
 (or such other security) is listed or admitted to trading on a non-U.S. securities exchange or market, the last reported sale price, regular way, of the principal trading session on that day on the primary non-U.S. securities exchange or 
 market on which the Underlying Stock (or such other security) is listed or admitted to trading (converted to U.S. dollars using such exchange rate as determined by the calculation agent); or                                                |

| • | if the Closing Market Price cannot be determined as set forth in the prior bullets, the mean, as determined by the calculation agent, of the bid prices for