Company: TDBCP
Filing Date: 2025-09-24
Form Type: 424B3
Source: 0001140361-25-035988
Chunk: 23

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-24
Form: 424B3
Chunk 23
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 not entitle you to any ownership interest in or any other rights with respect to the Underlying Company, including any voting rights, in the Underlying Stock, nor dividends paid or other distributions made, by the Underlying Company. The Starting Value and the Ending Value Starting Value Unless otherwise specified in the applicable term sheet, the “ Starting Value” will be the Closing Market Price of the Underlying Stock on the pricing date, determined as set forth in the applicable term sheet. Ending Value Unless otherwise specified in the applicable term sheet, the “ Ending Value” will equal the Closing Market Price of the Underlying Stock on the valuation date multiplied by the Price Multiplier on that day. Unless otherwise specified in the applicable term sheet, the following definitions will apply: The “ valuation date” means a trading day shortly before the maturity date on which a Market Disruption Event has not occurred. The valuation date will be set forth in the applicable term sheet. A “ trading day” means a day on which trading is generally conducted (or was scheduled to have been generally conducted, but for the occurrence of a Market Disruption Event) on the New York Stock Exchange (the “ NYSE”), The Nasdaq Stock Market, the Chicago Board Options Exchange, and in the over-the-counter market for equity securities in the United States, or any successor exchange or market, or in the case of a security traded on one or more non-U.S. securities exchanges or markets, on the principal non-U.S. securities exchange or market for such security. The “ Closing Market Price” for one share of the Underlying Stock (or one unit of any other security for which a Closing Market Price must be determined) on any trading day means any of the following:

| • | if the Underlying Stock (or such other security) is listed or admitted to trading on a national securities exchange, the last reported sale price, regular way (or, in the case of The Nasdaq Stock Market, the                          
 official Closing Market Price), of the principal trading session on that day on the principal U.S. securities exchange registered under the Exchange Act on which the Underlying Stock (or such other security) is listed or admitted to 
 trading;                                                                                                                                                                                                                                 |

| • | if the Underlying Stock (or such other security) is not listed or admitted to trading on any national securities exchange but is included in an OTC Exchange, the last reported sale price of the principal trading 
 session on an OTC Exchange on that day;                                                                                                                                                                             |

| • | if the Underlying