Company: TDBCP
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0001140361-25-040316
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-04
Form: 424B2
Chunk 14
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 of the Tax Treatment of the Notes Are Uncertain. The U.S. tax treatment of the Notes is uncertain. Please read carefully the section entitled “Material U.S. Federal Income Tax Consequences” herein and in the product supplement. You should consult your tax advisor as to the tax consequences of your investment in the Notes. For a discussion of the Canadian federal income tax consequences of investing in the Notes, please see the discussion in the prospectus under “Tax Consequences — Canadian Taxation” and in the product supplement under “Supplemental Discussion of Canadian Tax Consequences” and the further discussion herein under “Summary”. If you are not a Non-resident Holder (as that term is defined in the prospectus) for Canadian federal income tax purposes or if you acquire the Notes in the secondary market, you should consult your tax advisors as to the consequences of acquiring, holding and disposing of the Notes and receiving the payments that might be due under the Notes.

| TD SECURITIES (USA) LLC | P-11 |

Hypothetical Returns The examples set out below are included for illustration purposes only and are hypothetical examples only; amounts below may have been rounded for ease of analysis. The hypothetical Initial Values, Closing Values and Percentage Changes of the Reference Assets used to illustrate the Payment at Maturity or payment upon an Issuer Call are not estimates or forecasts of the actual Initial Value, the Final Value or the value of any Reference Asset on any Trading Day prior to the Maturity Date. All examples assume, for Reference Asset A, Reference Asset B and Reference Asset C, respectively, Initial Values of $300.00, $200.00 and $500.00, Barrier Values of $195.00, $130.00 and $325.00 (each 65.00% of its Initial Value), an Interest Payment of $15.375 per Note (reflecting the Interest Rate of 18.45% per annum), Call Payment Dates monthly, commencing on the sixth Interest Payment Date and other than the Maturity Date, that a holder purchased Notes with a Principal Amount of $1,000 and that no market disruption event occurs on any Interest Payment Date or on the Final Valuation Date. The actual terms of the Notes will be set forth in the final pricing supplement. Example 1 — TD Elects to Call the Notes on the First Potential Call Payment Date.

| Date                                                                           |     | Closing Values             |     | Payment (per Note)                                   |
| First through Fifth Interest Observation Date                                  |     |