Company: TDBCP
Filing Date: 2025-11-21
Form Type: 424B2
Source: 0001140361-25-042982
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-21
Form: 424B2
Chunk 4
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% of the stated principal amount of the securities and could be as low as zero. Investors in the securities must be willing to accept the risk of losing their entire investment in the securities and also the risk of not receiving any contingent quarterly coupons during the term of the securities. In addition, investors will not participate in any appreciation of the underlying indices and will not realize a return beyond the returns represented by the contingent quarterly coupons received, if any, during the term of the securities. TD may elect to redeem the securities at its discretion prior to the maturity date. It is more likely that TD will elect to redeem the securities prior to maturity when the expected contingent quarterly coupons payable on the securities are greater than the interest that would be payable on other instruments issued by TD of comparable maturity, terms and credit rating trading in the market. TD is less likely to elect to redeem the securities prior to maturity when the expected contingent quarterly coupons payable on the securities are less than the interest that would be payable on other comparable instruments issued by TD, which includes when the value of any underlying index is less than its coupon threshold level. Therefore, the securities are more likely to remain outstanding when the expected amount payable on the securities is less than what would be payable on other comparable instruments and when your risk of not receiving a contingent quarterly coupon is relatively higher.

| November 2025 | Page3 |

| $12,000,000 Callable Contingent Income Securities with Daily Coupon Observation due November 24, 2028 |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index  
 Principal at Risk Securities                                                                          |

Key Investment Rationale The securities offer the opportunity for investors to earn a contingent quarterly coupon, which is an amount equal to $41.45 (equivalent to 16.58% per annum of the stated principal amount) per security, on a contingent coupon payment date if the index closing value of eachunderlying index on each trading dayduring the applicable quarterly observation period is greater than or equal to greater than or equal to75.00% of its respective initial index value, which we refer to as its coupon threshold level. If the index closing value of anyunderlying index is less than its coupon threshold level on any trading dayduring the applicable quarterly observation period, investors will not receive any contingent quarterly coupon with respect to the applicable quarterly observation period. TD may elect to redeem the securities at its discretion prior to maturity at a price equal to the early redemption payment, which will