Company: TDBCP
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001140361-25-042478
Chunk: 1

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-17
Form: 424B2
Chunk 1
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. If the final price declines by more than 10.00% from the initial price, the return on your notes will be negative and you will lose approximately 1.1111% of the principal amount of your notes for every 1% that the final price has declined below the buffer price of 90.00% of the initial price. Despite the inclusion of the buffer price, due to the downside multiplier you may lose your entire principal amount. If your notes are automatically called, the maximum payment you could receive for each $1,000 principal amount of your notes is equal to (i) $1,000 plus (ii) the product of $1,000 times the applicable call premium percentage. If your notes are notautomatically called on any call valuation date, to determine your payment at maturity we will calculate the percentage change of the reference asset, which is the percentage increase or decrease in the final price from the initial price. At maturity, for each $1,000 principal amount of your notes, you will receive an amount in cash equal to:

| ● | if the percentage change is positive or zero (the final price isgreater thanorequal tothe initial price), thegreaterof (i) the threshold settlement amount and (ii) thesumof(a) $1,000plus(b) theproductof (1) $1,000times(2) the leverage factortimes(3) the percentage change; |

| ● | if the percentage change is negative but not below -10.00% (the final price isless thanthe initial price, but not by more than 10.00%), $1,000; or |

| ● | if the percentage change is negative and is below -10.00% (the final price isless thanthe initial price by more than 10.00%), thesumof (i) $1,000plus(ii) theproductof(a) $1,000times(b) the downside 
 multiplier of approximately 111.11%times(c) thesumof the percentage changeplus10.00%.You will receive less than the principal amount of your notes.                                                   |

The notes do not guarantee the return of principal at maturity. The notes are unsecured and are not savings accounts or insured deposits of a bank. The notes are not insured or guaranteed by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other governmental agency or instrumentality. Any payments on the notes are subject to our credit risk. The notes