Company: TDBCP
Filing Date: 2025-12-02
Form Type: 424B2
Source: 0001140361-25-044030
Chunk: 19

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-02
Form: 424B2
Chunk 19
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, your return will depend upon the market value of your Notes at the time of sale, which may be affected by a number of factors that are not reflected in the examples below, such as interest rates, the volatility of the Basket Components and our creditworthiness. In addition, the estimated value of your Notes at the time the terms of your Notes are set on the Pricing Date is expected to be less than the original public offering price of your Notes. For more information on the estimated value of your Notes, see “Additional Risk Factors — Risks Relating to Estimated Value and Liquidity — TD’s Initial Estimated Value of the Notes at the Time of Pricing (When the Terms of Your Notes Are Set on the Pricing Date) is Expected to Be Less Than the Public Offering Price of the Notes” in this pricing supplement. The information in the examples also reflect the key terms and assumptions in the box below.

| Key Terms and Assumptions    |     |                                    |
| Principal Amount             |     |                             $1,000 |
| Initial Basket Level         |     |                                100 |
| Hypothetical Leverage Factor |     |                           117.00%* |
| Buffer Level                 |     | 90.00% of the Initial Basket Level |
| Downside Multiplier          |     |              Approximately 111.11% |
| Buffer Percentage            |     |                             10.00% |

| *The bottom of the Leverage Factor range specified herein. The actual Leverage Factor will be determined on the Pricing Date.                  
 Neither a market disruption event nor a non-Trading Day occurs with respect to any Basket Component on the originally scheduled Valuation Date |
| No change in or affecting any of the Basket Components or the method by which an Index Sponsor calculates the relevant Basket Component        |
| Notes purchased on the Issue Date at the Principal Amount and held to the Maturity Date                                                        |

Moreover, we have not yet set the Initial Index Levels, which will serve as the baseline for determining the Percentage Change, or the Leverage Factor, each of which will affect the amount that we will pay on your Notes, if any, at maturity. We will not do so until the Pricing Date. As a result, the actual Initial Index Levels may differ substantially from the levels of the Basket Components prior to the Pricing Date. For these reasons the actual performance of the Basket over the term of your Notes, as well as the Payment at Maturity, if any, may bear little relation to the hypothetical examples shown below or to