Company: TDBCP
Filing Date: 2025-11-13
Form Type: 424B2
Source: 0001140361-25-041868
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-13
Form: 424B2
Chunk 14
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 or if you acquire the Notes in the secondary market, you should consult your tax advisors as to the consequences of acquiring, holding and disposing of the Notes and receiving the payments that might be due under the Notes.

| TD SECURITIES (USA) LLC | P-11 |

Hypothetical Returns The examples set out below are included for illustration purposes only and are hypothetical examples only; amounts below may have been rounded for ease of analysis. The hypothetical Initial Values, Closing Values and Percentage Changes of the Reference Assets used to illustrate the Payment at Maturity or payment upon an Issuer Call are not estimates or forecasts of the actual Initial Value, the Final Value or the value of any Reference Asset on any Trading Day prior to the Maturity Date. All examples assume, for Reference Asset A, Reference Asset B and Reference Asset C, respectively, Initial Values of $300.00, $200.00 and $500.00, Barrier Values of $195.00, $130.00 and $325.00 (each 65.00% of its Initial Value), an Interest Payment of $15.375 per Note (reflecting the Interest Rate of 18.45% per annum), Call Payment Dates monthly, commencing on the sixth Interest Payment Date and other than the Maturity Date, that a holder purchased Notes with a Principal Amount of $1,000 and that no market disruption event occurs on the Final Valuation Date. The actual terms of the Notes are set forth elsewhere in this pricing supplement. Example 1 — TD Elects to Call the Notes on the First Potential Call Payment Date.

| Date                                                                           |     | Closing Values             |     | Payment (per Note)                                   |
| First through Fifth Interest Observation Date                                  |     | Reference Asset A: Various 
 Reference Asset B: Various 
 Reference Asset C: Various |     | $76.875 (Aggregate Interest Payments – Not Callable) |
| Sixth Interest Observation Date (corresponding to the First Call Payment Date) |     | Reference Asset A: $185.25 
 Reference Asset B: $100.00 
 Reference Asset C: $395.00 |     | $1,000.00 (Principal Amount)                         
 + $     15.375(Interest Payment)                     
 $1,015.375 (Total Payment upon Issuer Call)          |
|                                                                                |     | Total Payment:             |     | $1,092.25 (9.225% total return)                      |

Because TD elects to call the Notes on the