Company: TDBCP
Filing Date: 2025-08-28
Form Type: 424B2
Source: 0001140361-25-033008
Chunk: 24

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-28
Form: 424B2
Chunk 24
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 then dividing the derived total market capitalization by the “adjusted” capitalization of RTY on the base date of December 31, 1986. Historical Information The graph below illustrates the performance of RTY from August 26, 2015 through August 26, 2025. The dotted lines represent its Contingent Interest Barrier Value of 1,768.9478, which is equal to 75.00% of its Initial Value, and its Barrier Value of 1,415.1582, which is equal to 60.00% of its Initial Value. Russell 2000 ®Index (RTY) PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

| TD SECURITIES (USA) LLC | P-20 |

Material U.S. Federal Income Tax Consequences The U.S. federal income tax consequences of your investment in the Notes are uncertain. No statutory, regulatory, judicial or administrative authority directly discusses the characterization for U.S. federal income tax purposes of securities with terms that are substantially the same as the Notes. Some of these tax consequences are summarized below, but we urge you to read the more detailed discussion under “Material U.S. Federal Income Tax Consequences” in the product supplement and to discuss the tax consequences of your particular situation with your tax advisor. This discussion is based upon the U.S. Internal Revenue Code of 1986, as amended (the “Code”), final, temporary and proposed U.S. Department of the Treasury (the “Treasury”) regulations, rulings and decisions, in each case, as available and in effect as of the date hereof, all of which are subject to change, possibly with retroactive effect. This discussion applies to you only if you are a U.S. holder, as defined in the product supplement. An investment in the Notes is not appropriate for non-U.S. holders and we will not attempt to ascertain the tax consequences to non-U.S. holders of the purchase, ownership or disposition of the Notes. Tax consequences under state, local and non-U.S. laws are not addressed herein. No ruling from the U.S. Internal Revenue Service (the “IRS”) has been sought as to the U.S. federal income tax consequences of your investment in the Notes, and the following discussion is not binding on the IRS. U.S. Tax Treatment.Pursuant to the terms of the Notes, TD and you agree, in the absence of a statutory or regulatory change or an administrative determination or judicial ruling to the contrary, to