Company: TDBCP
Filing Date: 2025-05-27
Form Type: 424B2
Source: 0001140361-25-020434
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-27
Form: 424B2
Chunk 18
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 Maturity Date, you would not benefit from any increase in the Final Level that is greater than 107.840% of the Initial Level. P-14 The following examples illustrate the hypothetical Payment at Maturity for each Note based on hypothetical Final Levels of the Reference Asset, calculated based on the key terms and assumptions above. The values below have been rounded for ease of analysis.

| Example 1 
 —         | Calculation of the Payment at Maturity where the Percentage Change is positive (and the Final Level is below the Cap Level).                                                                                                                |                                                                                                                                                                                          |
|           | Percentage Change:                                                                                                                                                                                                                          | 5.00%                                                                                                                                                                                    |
|           | Payment at Maturity:                                                                                                                                                                                                                        | $1,000.00 + ($1,000.00 × 250.00% × 5.00%) = $1,000.00 + $125.00 = $1,125.00                                                                                                              |
|           | On a $1,000.00 investment, a Percentage Change of 5.00% results in a Payment at Maturity of $1,125.00, a return of 12.500% on the Notes.                                                                                                    |                                                                                                                                                                                          |
| Example 2 
 —         | Calculation of the Payment at Maturity where the Percentage Change is positive (and the Final Level is above or equal to the Cap Level).                                                                                                    |                                                                                                                                                                                          |
|           | Percentage Change:                                                                                                                                                                                                                          | 30.00%                                                                                                                                                                                   |
|           | Payment at Maturity:                                                                                                                                                                                                                        | $1,000.00 + ($1,000.00 × 250.00% × 30.00%) = $1,000.00 + $750.00 = $1,750.00. However, the Maximum Payment Amount is $1,196.00 and therefore the Payment at Maturity would be $1,196.00. |
|           | On a $1,000.00 investment, a Percentage Change of 30.00% results in a Payment at Maturity of $1,196.00, a return of 19.60% on the Notes.                                                                                                    
 In addition to limiting your return on the Notes, the Maximum Payment Amount limits the positive effect of the Leverage Factor. If the Final Level is greater than the Initial Level, you will participate in the                           
 performance of the Reference Asset at a rate of 250.00% up to a certain point. However, the effect of the Leverage Factor will