Company: TDBCP
Filing Date: 2025-10-09
Form Type: 424B2
Source: 0001140361-25-037802
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-09
Form: 424B2
Chunk 3
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 as discussed further below and under “Structuring the Notes” on page TS-10. On the cover page of this term sheet, we have provided the initial estimated value range for the notes. The initial estimated value of your notes on the pricing date will be less than their public offering price. The range of initial estimated values was determined by reference to our internal pricing models, which take into account a number of variables, typically including expected volatility of the Market Measure, interest rates (forecasted, current and historical rates), price-sensitivity analysis, time to maturity of the notes and our internal funding rate which take into account a number of variables and are based on a number of subjective assumptions, which are not evaluated or verified on an independent basis and may or may not materialize. Because our internal funding rate generally represents a discount from the levels at which our benchmark debt securities trade in the secondary market, the use of an internal funding rate for the notes rather than the levels at which our benchmark debt securities trade in the secondary market is expected, assuming all other economic terms are held constant, to increase the initial estimated value of the notes and to have an adverse effect on the economic terms of the notes. For more information about the initial estimated value and the structuring of the notes, see the related discussion under “Risk Factors” and “Structuring the Notes” herein.

Terms of the Notes

| Issuer:           |     | The Toronto-Dominion Bank (“TD”)                                                                                                           |
| Principal Amount: |     | $10.00 per unit                                                                                                                            |
| Term:             |     | Approximately 14 months                                                                                                                    |
| Market Measure:   |     | The Class A common stock of Palantir Technologies Inc. (the “Underlying Company”) (Bloomberg symbol: “PLTR”)                               |
| Starting Value:   |     | The Closing Market Price of the Market Measure on the pricing date                                                                         |
| Ending Value:     |     | The Closing Market Price of the Market Measure on the calculation day multiplied by the Price Multiplier. The scheduled calculation day is 
 subject to postponement in the event of Market Disruption Events, as described beginning on page PS-25 of product supplement STOCK LIRN-1. |
| Threshold Value:  |     | 80.00% of the Starting Value.                                                                                                              |
| Price Multiplier: |     | 1, subject to adjustment for certain corporate events relating to the Underlying Stock, as described beginning on page PS-26 of product    
 supplement