Company: TDBCP
Filing Date: 2025-07-10
Form Type: 424B2
Source: 0001140361-25-025513
Chunk: 26

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-10
Form: 424B2
Chunk 26
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 the LSE shall be under any obligation to advise any person of any error therein. “FTSE ®”, “FTSETM”, “FT-SE ®” and “Footsie ®” are trademarks of the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under license. “All-World”, “All-Share” and “All-Small” are trademarks of FTSE International Limited.

| Market-Linked Step Up Notes | TS-18 |

| Leveraged Market-Linked Step Up NotesLinked to an International Equity Index Basket due July , 2027 |

The Nikkei Stock Average Index The NKY is a stock index that measures the composite price performance of selected Japanese stocks. The NKY is based on 225 underlying stocks (the “Nikkei Underlying Stocks”) trading on the Tokyo Stock Exchange (“TSE”), representing a broad cross-section of Japanese industries. All 225 Nikkei Underlying Stocks are stocks listed in the TSE Prime Market. Stocks listed in the TSE Prime Market are among the most actively traded stocks on the TSE. Nikkei’s rules require that the 75 most liquid issues (one-third of the component count of the NKY) be included in the NKY. Nikkei first calculated and published the NKY in 1970; prior to 1970, the TSE calculated the NKY. The NKY is reported by Bloomberg under the ticker symbol “NKY.” The 225 companies included in the NKY are divided into six sector categories: Technology, Financials, Consumer Goods, Materials, Capital Goods/Others and Transportation and Utilities. These six sector categories are further divided into 36 industrial classifications as follows:

| ◾ | Technology — Pharmaceuticals, Electrical Machinery, Automobiles, Precision Machinery, Telecommunications; |

| ◾ | Financials — Banks, Miscellaneous Finance, Securities, Insurance; |

| ◾ | Consumer Goods — Marine Products, Food, Retail, Services; |

| ◾ | Materials — Mining, Textiles, Paper and Pulp, Chemicals, Oil, Rubber, Ceramics, Steel, Nonferrous Metals, Trading Houses; |

| ◾ | Capital Goods/Others — Construction, Machinery, Shipbuilding, Transportation Equipment, Miscellaneous Manufacturing, Real Estate; and |

| ◾ | Transportation and Utilities — Railroads and Buses, Trucking, Shipping, Airlines, Warehousing, Electric Power, Gas. |

Calculation of the NKY The NKY is