Company: TDBCP
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0001140361-25-036438
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-29
Form: 424B2
Chunk 3
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 Inc. due October  , 2026 |

Hypothetical Payments at Maturity The following examples are for purposes of illustration only. They are based on hypotheticalvalues and show hypotheticalpayments on the notes. The actual amount you receive and the resulting return will depend on the actual Starting Value, Threshold Value, Ending Value, Step Level, Step Payment and the term of your investment.The following examples do not take into account any tax consequences from investing in the notes. These examples are based on:

| 1) | a Starting Value of $100.00; |

| 2) | a Threshold Value of $100.00; |

| 3) | a Step Level of $111.50; |

| 4) | a Step Payment of $0.30 per unit (the midpoint of the Step Payment range of [$0.10 to $0.50] per unit); |

| 5) | an expected term of the notes of approximately one year and one week; and |

| 6) | the Interest Rate of 11.50% per year. |

The hypotheticalStarting Value of $100.00 used in these examples has been chosen for illustrative purposes only and does not represent a likely actual Starting Value of the Underlying Stock. For recent actual prices of the Underlying Stock, see “The Underlying Stock” section below. In addition, all payments on the notes are subject to issuer credit risk. Example 1 The Ending Value is $125.00 (125.00% of the Starting Value) The Ending Value is greater than the Step Level. Consequently, in addition to the quarterly interest payments, you will receive on the maturity date the principal amount of your notes plus the Step Payment of $0.30 per unit. The Redemption Amount per unit on the maturity date will therefore be equal to $10.30 ($10.00 plus the Step Payment of $0.30 per unit). Example 2 The Ending Value is $105.00 (105.00% of the Starting Value) The Ending Value is greater than the Starting Value and the Threshold Value but below the Step Level. Consequently, you will receive the quarterly interest payments, but you will not receive the Step Payment on the maturity date. The Redemption Amount per unit on the maturity date will therefore be equal to $10.00. Example 3 The Ending Value is $70.00 (70.00% of the Starting Value) The Ending Value is less than the Starting Value and the Threshold Value. Consequently, you