Company: TDBCP
Filing Date: 2025-07-29
Form Type: 424B2
Source: 0001140361-25-027726
Chunk: 19

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-29
Form: 424B2
Chunk 19
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 tax treatment applicable to your Notes, tax liabilities could affect the
    after-tax rate of return on your Notes to a comparatively greater extent than the after-tax return on the Reference Asset.

| TD SECURITIES (USA) LLC | P-12 |

#### Hypothetical Contingent Coupon Payments
**The examples below show hypothetical performance of the Reference Asset and the hypothetical Contingent Coupon Payments, if any, that we would pay on each Coupon Payment Date with respect to each
    $10,000 Principal Amount of the Notes if the Closing Price of the Reference Asset is equal to or greater than the Contingent Coupon Barrier Price on the applicable Observation Date. These below scenarios reflect only the payment of any hypothetical Contingent Coupon Payments with respect to each Observation Date and do not reflect the Payment at Maturity.**

#### Scenario 1
| Hypothetical Observation Date | Hypothetical Closing Price of the Reference 
 Asset (as Percentage of the Initial Price)  | Hypothetical Contingent Coupon Payment |
| First                         | 85.00%                                      |                                $278.50 |
| Second                        | 35.00%                                      |                                  $0.00 |
| Third                         | 90.00%                                      |                                $278.50 |
| Fourth                        | 40.00%                                      |                                  $0.00 |
| Fifth                         | 60.00%                                      |                                  $0.00 |
| Sixth                         | 95.00%                                      |                                $278.50 |
|                               | Total Hypothetical Contingent Coupon        
 Payments:                                   |                                $835.50 |

In Scenario 1, the hypothetical Closing Price of the Reference Asset increases and decreases by varying amounts on each hypothetical Observation Date. Because the hypothetical
    Closing Price of the Reference Asset on the first, third and sixth hypothetical Observation Dates is equal to or greater than the hypothetical Contingent Coupon Barrier Price, you would receive the hypothetical
    Contingent Coupon Payment with respect to each of the first, third and sixth hypothetical Observation Dates. Because the hypothetical Closing Price of the Reference Asset on all of the other hypothetical Observation Dates is less than the hypothetical Contingent Coupon Barrier Price, no other Contingent Coupon Payments would be paid, including at maturity. The total of the hypothetical Contingent Coupon Payments you would receive in Scenario 1 is $835.50
    (without giving effect to any loss suffered at maturity).

#### Scenario 2
| Hypothetical Observation Date | Hyp