Company: TDBCP
Filing Date: 2025-10-21
Form Type: 424B2
Source: 0001140361-25-038797
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-21
Form: 424B2
Chunk 18
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.1375% total return) |

Because the Closing Price of at least one Reference Asset on the first Review Date is less than its Initial Price and the Closing Price of each Reference is greater than or equal to its Barrier Price, we will pay you the Contingent Interest Payment with respect to such Review Date on the corresponding Contingent Interest Payment Date. Because the Closing Priceof at least one Reference Asset on the second

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

Review Date is less than its Barrier Price, we will not pay a Contingent Interest Payment with respect to such Review Date on the corresponding Contingent Interest Payment Date. Because the Closing Price of each Reference Asset is greater than or equal to its Initial Price (and therefore also greater than its Barrier Price) on the third Review Date, the Notes will be automatically called and, on the Call Payment Date, we will pay you a cash payment equal to $1,054.25 per Note, reflecting the Principal Amount plus the Contingent Interest Payment with respect to such Review Date and the previously unpaid Contingent Interest Payment(s) with respect to the prior Review Date(s). When added to the Contingent Interest Payment of $27.125 paid in respect of the first Contingent Interest Payment Date, TD will have paid you a total of $1,081.375 per Note, for a return of 8.1375% per Note.

| Example 3 — | The Closing Price of at Least One Reference Asset is Less Than its Barrier Price on each Review Date Prior to the Final Review Date, the Notes Are Not Automatically 
 Called and the Final Price of each Reference Asset is Greater Than its Barrier Price.                                                                                |

| Review Date        |     | Closing Prices                                                                                       |     |                                                                                                                 Payment (per Note) |
| First throughThird |     | Reference Asset A: Various (allless thanits Initial Price and Barrier Price)                         
 Reference Asset B: Various (allless thanits Initial Price;greater than or equal toits Barrier Price) 
 Reference Asset C: Various (allless thanits Initial Price;greater than or equal toits Barrier        
 Price)                                                                                               |     |                                                                                                                              $0.00 |
| Final Review Date  |     | Reference Asset A: $75.00 (greater than or equal toits Barrier Price)                                
 Reference Asset B: $110.00(greater than or equal                                                     
 toits Barrier Price)                                                                                 
 Reference Asset C: $120.00(g