Company: TDBCP
Filing Date: 2025-12-01
Form Type: 424B2
Source: 0001140361-25-043737
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-01
Form: 424B2
Chunk 5
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 for risks related to an investment in the securities. For more information about the Underlyings, please see the sections titled“The S&P 500 ®Index,” “The Russell 2000 ®Index” and “The Technology Select Sector SPDR ®Fund” below.

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| Determining Payment On A Contingent Coupon Payment Date and at Maturity |

If the securities have not been previously automatically called, on each contingent coupon payment date, you will either receive a contingent coupon payment or you will not receive a contingent coupon payment, depending on the closing value of the lowest performing Underlying on the related calculation day. Step 1: Determine which Underlying is the lowest performing Underlying on the relevant calculation day. The lowest performing Underlying on any calculation day is the Underlying with the lowest performance factor on that calculation day. The performance factor of an Underlying on a calculation day is its closing value on that calculation day as a percentage of its starting value (i.e., its closing value on that calculation day divided byits starting value). Step 2: Determine whether a contingent coupon payment is paid on the applicable contingent coupon payment date based on the closing value of the lowest performing Underlying on the relevant calculation day, as follows: If the securities have not been automatically called prior to the stated maturity date, then at maturity you will receive (in addition to the final contingent coupon payment, if any) a cash payment per security (the maturity payment amount) calculated as follows: Step 1: Determine which Underlying is the lowest performing Underlying on the final calculation day. The lowest performing Underlying on the final calculation day is the Underlying with the lowest performance factor on the final calculation day. The performance factor of an Underlying on the final calculation day is its ending value as a percentage of its starting value (i.e., its ending value divided byits starting value). Step 2: Calculate the maturity payment amount based on the ending value of the lowest performing Underlying, as follows:

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| Hypothetical Payout Profile |

The following profile illustrates the potential maturity payment amount on the securities (excluding the final contingent coupon payment, if any) for a range of hypothetical performances of the lowest performing Underlying on the final calculation day from its starting value to its ending value, assuming the securities have not been automatically called prior to the stated maturity date. As this profile illustrates, in no event will you have a positive rate of return based solely on the maturity payment amount received at maturity; any positive return