Company: TDBCP
Filing Date: 2025-09-11
Form Type: 424B2
Source: 0001140361-25-034657
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-11
Form: 424B2
Chunk 5
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 the final calculation day may decline by more than 25% from its starting level; |

| ■ | seek certainty of current income over the term of the securities; |

| ■ | seek exposure to the upside performance of any or each Index; |

| ■ | seek exposure to a basket composed of each Index or a similar investment in which the overall return is based on a blend of the performances of the Indices, rather than solely on the lowest performing Index; |

| ■ | are unwilling to accept the risk of exposure to the Indices; |

| ■ | are unwilling to accept the credit risk of the Bank; or |

| ■ | prefer the lower risk of conventional fixed income investments with comparable maturities issued by companies with comparable credit ratings. |

The considerations identified above are not exhaustive. Whether or not the securities are anappropriate investment for you will depend on your individual circumstances, and you should reach an investment decision only after you and your investment, legal, tax, accounting and other advisors have carefully considered theappropriateness of an investment in the securities in light of your particular circumstances. You should also review carefully the “Selected Risk Considerations” herein and the “Risk Factors” in the accompanying product supplement for risks related to an investment in the securities. For more information about the Indices, please see the sections titled“The Nasdaq-100 Index ®,” “The Nikkei 225 ®Index” and “The Russell 2000 ®Index” below.

P-7

| 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 level of the lowest performing Index on the related calculation day. Step 1: Determine which Index is the lowest performing Index on the relevant calculation day. The lowest performing Index on any calculation day is the Index with the lowest performance factor on that calculation day. The performance factor of an Index on a calculation day is its closing level on that calculation day as a percentage of its starting level (i.e., its closing level on that calculation day divided byits starting level). Step 2: Determine whether a contingent coupon is paid on the applicable contingent coupon payment date based on the closing level of the lowest performing Index 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