Company: TDBCP
Filing Date: 2025-12-10
Form Type: 424B2
Source: 0001140361-25-045113
Chunk: 15

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-10
Form: 424B2
Chunk 15
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 the Closing Valueof each Reference Asset on the Final Valuation Date is greater than or equal to its Barrier Value, on the Maturity Date, we will pay you a cash payment equal to $1,005.458 per Note, reflecting the Principal Amount plus the applicable Interest Payment.When added to the Interest Payments of $191.03 paid in respect of the prior Interest Payment Dates, TD will have paid you a total of $1,196.488 per Note, a return of 19.6488% per Note.

| TD SECURITIES (USA) LLC | P-12 |

| Example 3 — | TD Does Not Elect to Call the Notes Prior to Maturity and the Final Value of the Least Performing Reference Asset is Less Than its Barrier Value. |

| Date                       | Closing Values                                                           |     |                            Payment (per Note) |
| First through Thirty-Fifth 
 Interest Payment Date      | Reference Asset A: Various                                               
 Reference Asset B: Various                                               
 Reference Asset C: Various                                               |     |                                       $191.03 |
| Final Valuation Date       | Reference Asset A: 19,000.00 (less thanits Barrier Value)                
 Reference Asset B: 17,950.00 (greater than or equal toits Barrier Value) 
 Reference Asset C: 1,950.00 (greater than or equal toits Barrier Value)  |     | = $1,000.00 + ($1,000.00 × Percentage Change) 
           = $1,000.00 + ($1,000.00 × –60.00%) 
                                     = $400.00 
                                     +  $5.458 
     $405.458 (Total Payment on Maturity Date) |
|                            | Total Payment:                                                           |     |                      $596.488 (40.3512% loss) |

Because TD does not elect to call the Notes prior to maturity and the Closing Valueof at least one Reference Asset on the Final Valuation Date is less than its Barrier Value, on the Maturity Date, we will pay you a cash payment that is less than the Principal Amount, if anything, equal to $405.458 per Note, reflecting the applicable Interest Payment plus the sum of the Principal Amount plus the product of the Principal Amount and the Least Performing Percentage Change. When added to the Interest Payments of $191.03 paid in respect of the prior Interest Payment Dates, TD will have paid you a total of $596.488 per Note, a loss of