Company: TDBCP
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0001140361-25-039685
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-29
Form: 424B2
Chunk 5
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 the securities to maturity; |

| ◾ | require full payment of the face amount of the securities at stated maturity; |

| ◾ | seek a security with a fixed term; |

| ◾ | are unwilling to purchase securities with an estimated value as of the pricing date that is lower than the original offering price; |

| ◾ | are unwilling to accept the risk that the stock closing price of the lowest performing Underlying Stock on the final calculation day may decline by more than 50% from its starting price; |

| ◾ | seek certainty of current income over the term of the securities; |

| ◾ | seek exposure to the upside performance of any or each Underlying Stock; |

| ◾ | seek exposure to a basket composed of each Underlying Stock or a similar investment in which the overall return is based on a blend of the performances of the Underlying Stocks, rather than solely on the lowest performing Underlying Stock; |

| ◾ | are unwilling to accept the risk of exposure to the Underlying Stocks; |

| ◾ | are unwilling to accept the credit risk of the Bank; or |

| ◾ | prefer the lower risk of conventional fixed income investments with comparable maturities issued by companies with comparable credit ratings. |

The considerations identified above are not exhaustive. Whether or not the securities are anappropriate investment for you will depend on your individual circumstances, and you should reach an investment decision only after you and your investment, legal, tax, accounting and other advisors have carefully considered theappropriateness of an investment in the securities in light of your particular circumstances. You should also review carefully the “Selected Risk Considerations” herein and the “Risk Factors” in the accompanying product supplement for risks related to an investment in the securities. For more information about the Underlying Stocks, please see the section titled“The Market Measures” below.

P-8

| Determining Payment On A Contingent Coupon Payment Date and at Maturity |

If the securities have not been previously automatically called, on each contingent coupon payment date, you will either receive a contingent coupon payment (including any previously unpaid contingent coupon payments) or you will not receive a contingent coupon payment, depending on the stock closing price of the lowest performing Underlying Stock on the related calculation day. Step 1: Determine which Underlying Stock is the lowest performing Underlying Stock on the relevant calculation day. The lowest performing Underlying Stock on any calculation day is the Underlying Stock with the lowest performance factor on that calculation day. The performance factor