Company: TDBCP
Filing Date: 2025-12-02
Form Type: 424B2
Source: 0001140361-25-043985
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-02
Form: 424B2
Chunk 10
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 threshold price)      | $90.00                                                           
 (at or abovedownside threshold price and coupon threshold price) |      $0.00 | N/A        |
| Payment at          
 Maturity            |                                                          $400.00 |                                                                 |                                                                  |            |            |

| ■ | InExample 5, the closing price ofat least oneof the underlying stocks on each determination date throughout the term of the                                                                                                              
 securities is less than its coupon threshold price and less than its call threshold price on each applicable determination date. As a result, you do not receive any contingent monthly coupon during the term of the securities and the 
 securities are not automatically redeemed prior to maturity. Furthermore, because the final share price ofat least oneof the underlying stocks is less than its downside threshold price, you receive                                    
 a cash payment at maturity calculated as follows:                                                                                                                                                                                        |

$1,000.00+ ($1,000.00 × underlying return of the worst performing underlying stock) = $1,000.00 + ($1,000.00 × -60.00%) = $400.00 In this example, your payment at maturity is significantly less than the stated principal amount and you will receive a total cash payment per security at maturity equal to $400.00 (a loss of 60.00% on the securities).

| November 2025 | Page9 |

| $6,931,000 Contingent Income Auto-Callable Securities due December 1, 2028                                                                     |
| Based on the Worst Performing of the Common Stock of Amazon.com, Inc., the Common Stock of Meta Platforms, Inc. and the Common Stock of NVIDIA 
 Corporation                                                                                                                                    
 Principal at Risk Securities                                                                                                                   |

We make no representation or warranty as to which of the underlying stocks will be the worst performing underlying stock for the purposes of calculating your actual payment at maturity. Investing in the securities involves significant risks. The securities differ from ordinary debt securities in that TD is not necessarily obligated to repay the full amount of your investment in the securities. If the securities are not redeemed prior to maturity and the final share price of any underlying stock is less than its downside threshold price, TD will pay you a cash payment per security that will be less than the stated principal amount, if anything, resulting in a percentage loss on your stated principal amount that is equal to the underlying return of the worst performing underlying stock. In such circumstances, the amount you receive at maturity will be less than 50.00% of the stated principal amount and you