Company: TDBCP
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0001140361-25-039685
Chunk: 20

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-29
Form: 424B2
Chunk 20
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 Constellation 
        Energy 
   Corporation |   The common 
     stock of 
 UnitedHealth 
        Group 
 Incorporated |
| Hypothetical starting price:                                                            |        $100.00 |       $100.00 |      $100.00 |
| Hypothetical stock closing price on hypothetical calculation day #3:                    |        $115.00 |       $105.00 |      $130.00 |
| Hypothetical coupon threshold price:                                                    |         $50.00 |        $50.00 |       $50.00 |
| Performance factor (stock closing price on calculation day #3divided bystarting price): |        115.00% |       105.00% |      130.00% |

Step 1: Determine which Underlying Stock is the lowest performing Underlying Stock on hypothetical calculation day #3. In this example, the common stock of Constellation Energy Corporation has the lowest performance factor and is, therefore, the lowest performing Underlying Stock on hypothetical calculation day #3. Step 2: Determine whether a contingent coupon payment will be paid and whether the securities will be automatically called on the applicable contingent coupon payment date. Since the hypothetical stock closing price of the lowest performing Underlying Stock on hypothetical calculation day #3 is greater than or equal to its starting price, the securities would be automatically called and you would receive the face amount plus a final contingent coupon payment and the previously unpaid contingent coupon payment on the applicable contingent coupon payment date, which is also referred to as the call settlement date. Because no contingent coupon payment was received in connection with hypothetical calculation day #2, investors in the securities would also receive the previously unpaid contingent coupon payment on the call settlement date, for a total of $1,089.50 per security. You will not receive any further payments after the call settlement date.

P-19

| Hypothetical Payment at Stated Maturity |

Set forth below are examples of calculations of the maturity payment amount payable at stated maturity, assuming that the securities have not been automatically called prior to stated maturity and assuming the hypothetical starting price, coupon threshold price, downside threshold price and ending prices for each Underlying Stock indicated in the examples. The terms used for purposes of these hypothetical examples do not represent any actual starting price, coupon threshold price or downside threshold price. The hypothetical starting price of $100.00 for each Underlying Stock has been chosen for illustrative purposes only and does not represent the actual starting price for any Underlying Stock. The actual starting