Company: TDBCP
Filing Date: 2025-11-26
Form Type: 424B2
Source: 0001140361-25-043489
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-26
Form: 424B2
Chunk 17
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00%) 
               = $400.00 (Total Payment on Maturity Date) |
|                     | Total Payment:                                                                              |     |                                    $400.00 (60.00% loss) |

Because the Closing Levelof at least one Reference Asset on each Review Date prior to the Final Review Date is less than its Initial Level and Barrier Level, we will not pay the Contingent Interest Payment on any of the corresponding Contingent Interest Payment Dates and the Notes will not be automatically called. Because the Final Level of the Least Performing Reference Asset is less than its Barrier Level on the Final Review Date, we will pay you a cash payment equal to the Principal Amount plus the product of the Principal Amount and the Least Performing Percentage Change on the Maturity Date, for a total of $400.00 per Note, a loss of 60.00% per Note.

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

The following table illustrates the hypothetical payments per Note that may be realized at maturity for a range of hypothetical Final Levels of the Least Performing Reference Asset, based on the hypothetical terms set forth above. The table assumes that the Notes have not been automatically called and does not reflect any Contingent Interest Payment that may be payable prior to the Maturity Date. The hypothetical returns set forth below are for illustrative purposes only and may not be the actual returns applicable to a purchaser of the Notes. The numbers appearing in the following table may have been rounded for ease of analysis.

| Hypothetical Final 
 Level of Least     
 Performing         
 Reference Asset    | Hypothetical Least   
 Performing           
 Percentage Change as 
 of Final Review Date | Payment at Maturity | Return on the 
 Notes(1)      |
| 140.00             | 40.00%               |           $1,039.45 | 3.945%        |
| 130.00             | 30.00%               |           $1,039.45 | 3.945%        |
| 120.00             | 20.00%               |           $1,039.45 | 3.945%        |
| 110.00             | 10.00%               |           $1,039.45 | 3.945%        |
| 100.00             | 0.00%                |           $1,039.45 | 3.945%        |
| 90.00              | -10.00%              |           $1