Company: TDBCP
Filing Date: 2025-10-20
Form Type: 424B2
Source: 0001140361-25-038662
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-20
Form: 424B2
Chunk 2
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2 | TD Securities (USA) LLC (“TDS”) will receive a commission of $2.50 (0.25%) per Note and may use all or a portion of that commission to allow selling concessions to other dealers in                                                         
 connection with the distribution of the Notes. Such other dealers may resell the Notes to other securities dealers at the Principal Amount less a concession not in excess of $2.50 per Note.  TD will reimburse TDS for certain expenses in 
 connection with its role in the offer and sale of the Notes, and TD will pay TDS a fee in connection with its role in the offer and sale of the Notes. See “Supplemental Plan of Distribution (Conflicts of Interest)” herein.               |

The public offering price, underwriting discount and proceeds to TD listed above relate to the Notes we issue initially. We may decide to sell additional Notes after the date of the final pricing supplement, at public offering prices and with underwriting discounts and proceeds to TD that differ from the amounts set forth above. The return (whether positive or negative) on your investment in the Notes will depend in part on the public offering price you pay for such Notes.

| TD SECURITIES (USA) LLC | P-1 |

Summary The information in this “Summary” section is qualified by the more detailed information set forth in this pricing supplement, the product supplements, the underlier supplement and the prospectus.

| Issuer:       | TD                               |
| Issue:        | Senior Debt Securities, Series H |
| Type of Note: | Capped Buffered Notes            |
| Term:         | Approximately 18 months          |

| Basket: | An equally-weighted basket comprised of two indexes and one ETF (each a “Basket Component” and together the “Basket Components”), as set forth in the table below: |

|                                                                                                                                                                                                                                     | Basket Component(1) | BloombergTicker | Component 
 Weighting | Initial Basket          
 Component Value (set    
 on the Pricing Date)(2) |
| The shares of the iShares®MSCI EAFE ETF (“EFA”)                                                                                                                                                                                     | EFA                 | 1/3             | $•        |                         |
| Nasdaq-100 Index®(“NDX”)                                                                                                                                                                                                            | NDX                 | 1/3             | •         |                         |
| S&P 500®Index (“SPX”)                                                                                                                                                                                                               | SPX                 | 1/3             | •         |                         |
| (1)We also refer to EFA