Company: TDBCP
Filing Date: 2025-11-25
Form Type: 424B2
Source: 0001140361-25-043319
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-25
Form: 424B2
Chunk 0
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| November 2025                                                                                          
 Pricing Supplement                                                                                     
 Dated November 21, 2025                                                                                
 Registration Statement No. 333-283969                                                                  
 Filed pursuant to Rule 424(b)(2)                                                                       
 (To Prospectus dated February 26, 2025,                                                                
 Underlier Supplement dated February 26, 2025, and Product Supplement MLN-EI-1 dated February 26, 2025) |

STRUCTURED INVESTMENTS Opportunities in U.S. and International Equities $13,285,000 Contingent Income Auto-Callable Securities with Daily Coupon Observation and 6-Month Initial Non-Call Period due November 27, 2028 Based on the Worst Performing of the Nasdaq-100 Index ®, the S&P 500 ®Index and the EURO STOXX 50 ®Index Principal at Risk Securities Contingent Income Auto-Callable Securities with Daily Coupon Observation and 6-Month Initial Non-Call Period (the “securities”) do not guarantee the repayment of principal and do not provide for the regular payment of interest. Instead, the securities offer the opportunity for investors to earn a contingent quarterly coupon 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 75.00% of its initial index value, which we refer to as its coupon threshold level. However, if the index closing value of anyunderlying index is less thanits coupon threshold level on any trading dayduring the applicable quarterly observation period, you will not receive any contingent quarterly coupon with respect to the applicable quarterly observation period. As a result, investors must be willing to accept the risk of not receiving any contingent quarterly coupons during the term of the securities. In addition, if the index closing values of all of the underlying indices on any observation period end-date other than the first observation period end-date and the final observation period end-date are greater than or equal to their respective call threshold levels, the securities will be automatically redeemed for an amount per security equal to (i) the stated principal amount plus (ii) any contingent quarterly coupon otherwise payable with respect to the applicable quarterly observation period. No further payments will be made on the securities once they have been redeemed. However, if the index closing value of any underlying index on any observation period end-date is less than its call threshold level, the securities will not be automatically redeemed. As a result, investors must be willing to accept the risk of not receiving