Company: TDBCP
Filing Date: 2025-10-14
Form Type: 424B2
Source: 0001140361-25-038064
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-14
Form: 424B2
Chunk 2
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 represents a return of [38.50% to 42.50%] over the principal amount. The actual Capped Value will be                                                                                                   
 determined on the pricing date.                                                                                                                                                                                                           |
| Calculation Day:  |     | Approximately, the fifth scheduled trading day immediately preceding the maturity date.                                                                                                                                                   |
| Price Multiplier: |     | 1 for each Basket Stock, subject to adjustment for certain corporate events relating to the Basket Stocks described beginning on page PS-21 of                                                                                            
 product supplement STOCK ARN-1.                                                                                                                                                                                                           |
| Fees and          
 Charges:          |     | The underwriting discount of $0.175 per unit listed on the cover page and the hedging related charge of $0.05 per unit described in                                                                                                       
 “Structuring the Notes” on page TS-17.                                                                                                                                                                                                    |
| Calculation       
 Agents:           |     | BofA Securities, Inc. (“BofAS”) and TD, acting jointly.                                                                                                                                                                                   |

Redemption Amount Determination On the maturity date, you will receive a cash payment per unit determined as follows:

| Accelerated Return Notes® | TS-2 |

| Accelerated Return Notes®Linked to a Basket of Four Technology Sector Stocks due December  , 2026 |

The terms and risks of the notes are contained in this term sheet and in the following:

http://www.sec.gov/Archives/edgar/data/947263/000114036125012065/ef20046113_424b3.htm

http://www.sec.gov/Archives/edgar/data/947263/000119312525036639/d931193d424b5.htm These documents, including this term sheet (together, the “Note Prospectus”), have been filed as part of a registration statement with the SEC and may, without cost, be accessed on the SEC website as indicated above or obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) or BofAS by calling 1-800-294-1322. Before you invest, you should read the Note Prospectus, including this term sheet, for information about us and this offering. Any prior or contemporaneous oral statements and any other written materials you may have received are superseded by the Note Prospectus. Capitalized terms used but not defined in this term sheet have the meanings set forth in product supplement STOCK ARN-1. In the event of any conflict the following hierarchy will govern: first, this term sheet; second, product