Company: TDBCP
Filing Date: 2025-11-06
Form Type: 424B2
Source: 0001140361-25-040714
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-06
Form: 424B2
Chunk 17
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 Barrier Level)                         |     |    = $1,000 + ($1,000 x Percentage Change) 
              = $1,000 + ($1,000 x -60.00%) 
 = $400.00 (Total Payment on Maturity Date) |
|                     | Total Payment:                                              |     |                      $400.00 (60.00% loss) |

Because the Closing Level of the Reference Asset on each Review Date prior to the Final Review Date is less than the Barrier Level, we will not pay the Contingent Interest Payment on any of the corresponding Contingent Interest Payment Dates and the Notes will not be automatically called. Because the Final Level is less than the Barrier Level on the Final Review Date, we will pay you a cash payment equal to the Principal Amount plus the product of the Principal Amount and Percentage Change on the Maturity Date, for a total of $400.00 per Note, a loss of 60.00% per Note.

| TD SECURITIES (USA) LLC | P-10 |

The following table illustrates the hypothetical payments per Note that may be realized at maturity for a range of hypothetical Final Levels of the Reference Asset, based on the hypothetical terms set forth above. The table assumes that the Notes have not been automatically called and does not reflect any Contingent Interest Payment that may be payable prior to the Maturity Date or any previously unpaid Contingent Interest Payments otherwise due on the Maturity Date pursuant to the Memory Interest Feature. The hypothetical returns set forth below are for illustrative purposes only and may not be the actual returns applicable to a purchaser of the Notes. The numbers appearing in the following table may have been rounded for ease of analysis.

| Hypothetical Final Level | Hypothetical Percentage        
 Change as of Final Review Date | Payment at Maturity(1) | Return on the Notes(1)(2) |
| 140.00                   | 40.00%                         |              $1,020.00 | 2.00%                     |
| 130.00                   | 30.00%                         |              $1,020.00 | 2.00%                     |
| 120.00                   | 20.00%                         |              $1,020.00 | 2.00%                     |
| 110.00                   | 10.00%                         |              $1,020.00 | 2.00%                     |
| 100.00                   | 0.00%