Company: TDBCP
Filing Date: 2025-12-03
Form Type: 424B2
Source: 0001140361-25-044158
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-03
Form: 424B2
Chunk 4
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 greater than or equal totheir respective coupon threshold levels and 75.00% of their respective initial index values, which we refer to as the downside threshold levels, the payment due at maturity will be (i) the stated principal amount plus(ii) any contingent quarterly coupon otherwise payable with respect to the final determination date. If, however, TD does not elect to redeem the securities prior to maturity and the final index value of anyunderlying index is less thanits downside threshold level, investors will be exposed on a 1-to-1 basis to the decline of the worst performing underlying index. The value of the payment received by investors at maturity will be less than 75.00% of the stated principal amount of the securities and could be as low as zero. Investors in the securities must be willing to accept the risk of losing their entire investment in the securities and also the risk of not receiving any contingent quarterly coupons during the term of the securities. In addition, investors will not participate in any increase of the underlying indices and will not realize a return beyond the returns represented by the contingent quarterly coupons received, if any, during the term of the securities. TD may elect to redeem the securities at its discretion prior to the maturity date. It is more likely that TD will elect to redeem the securities prior to maturity when the expected contingent quarterly coupons payable on the securities are greater than the interest that would be payable on other instruments issued by TD of comparable maturity, terms and credit rating trading in the market. TD is less likely to elect to redeem the securities prior to maturity when the expected contingent quarterly coupons payable on the securities are less than the interest that would be payable on other comparable instruments issued by TD, which includes when the value of any underlying index is less than its coupon threshold level. Therefore, the securities are more likely to remain outstanding when the expected amount payable on the securities is less than what would be payable on other comparable instruments and when your risk of not receiving a contingent quarterly coupon is relatively higher.

| December 2025 | Page3 |

| $9,685,000 Callable Contingent Income Securities due December 6, 2027                                 |
| Based on the Worst Performing of the S&P MidCap 400®Index, the Nasdaq-100 Index®and the S&P 500®Index 
 Principal at Risk Securities                                                                          |

Key Investment Rationale The securities offer the opportunity for investors to earn a contingent quarterly coupon, which is an amount equal to $27.90 (equivalent to 11.16% per annum