Company: TDBCP
Filing Date: 2025-11-12
Form Type: 424B2
Source: 0001140361-25-041482
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-12
Form: 424B2
Chunk 18
---
 $45.00 |       $125.00 |         $105.00 |      $90.00 |
| Hypothetical coupon threshold price:                                                    |      $60.00 |        $60.00 |          $60.00 |      $60.00 |
| Performance factor (stock closing price on calculation day #2divided bystarting price): |      45.00% |       125.00% |         105.00% |      90.00% |

Step 1: Determine which Underlying Stock is the lowest performing Underlying Stock on hypothetical calculation day #2. In this example, the common stock of Amazon.com, Inc. has the lowest performance factor and is, therefore, the lowest performing Underlying Stock on hypothetical calculation day #2. Step 2: Determine whether a contingent coupon payment will be paid and whether the securities will be automatically called on the applicable contingent coupon payment date. Since the hypothetical stock closing price of the lowest performing Underlying Stock on hypothetical calculation day #2 is less than its coupon threshold price, you would not receive a contingent coupon payment on the applicable contingent coupon payment date. In addition, the securities would not be automatically called, even though the stock closing price of a better performing Underlying

P-15

Stock on hypothetical calculation day#2 is greater than or equal to its starting price. As this example illustrates, whether you receive a contingent coupon payment and whether the securities are automatically called on a contingent coupon payment date will depend solely on the stock closing price of the lowest performing Underlying Stock on the relevant calculation day. The performance of a better performing Underlying Stock is not relevant to your return on the securities. Example 3. The stock closing price of the lowest performing Underlying Stock on hypothetical calculation day #3 is greater than or equal to its starting price. As a result, the securities are automatically called on the applicable contingent coupon payment date for the face amount plus a final contingent coupon payment and the previously unpaid contingent coupon payment.

|                                                                                         |  The common 
    stock of 
 Amazon.com, 
        Inc. |    The common 
      stock of 
 Broadcom Inc. |     The Class A 
    common stock 
 of AlphabetInc. |  The common 
    stock of 
   Microsoft 
 Corporation |
| Hypothetical starting price:                                                            |     $100.00 |       $100.00 |         $100.00 |     $100.00 |
| Hypothetical stock closing price on hypothetical calculation