Company: TDBCP
Filing Date: 2025-11-17
Form Type: 424B2
Source: 0001140361-25-042436
Chunk: 21

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-17
Form: 424B2
Chunk 21
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 the Notes. The iShares ®20+ Year Treasury Bond ETF The shares of the iShares ®20+ Year Treasury Bond ETF (the “Reference Asset”) are issued by iShares ®Trust (the “trust”), a registered investment company.

| • | The Reference Asset is an exchange-traded fund that seeks investment results which correspond generally to the price and yield performance, before fees and expenses, of the ICE®U.S. Treasury 20+ 
 Year Bond Index (the “Target Index”). The Target Index measures the performance of public obligations of the U.S. Treasury that have a remaining maturity greater than or equal to twenty years.   |

| • | The return on your Notes is linked to the performance of the Reference Asset, and not to that of the Target Index on which the Reference Asset is based. The Reference Asset follows a strategy of                   
 “representative sampling,” which means the Reference Asset’s holdings are not the same as those of its Target Index. The performance of the Reference Asset may significantly diverge from that of its Target Index. |

| • | The Reference Asset’s investment advisor is BlackRock Fund Advisors (the “Investment Adviser”). |

| • | The Reference Asset’s shares trade on the Nasdaq Global Markets under the ticker symbol “TLT”. |

| • | The trust’s SEC CIK Number is 0001100663. |

Information from outside sources including, but not limited to the prospectus related to the Reference Asset and any other website referenced in this section, is not incorporated by reference in, and should not be considered part of, this document or any document incorporated herein by reference. Information filed by the trust with the SEC, including the prospectus for the underlier, can be found by reference to its SEC file numbers: 333-92935 and 811-09729. P-16 Historical Information The graph below shows the daily historical Closing Prices of the Reference Asset from November 13, 2015 through November 13, 2025. We obtained the information regarding the historical performance of the Reference Asset in the graph below from Bloomberg. The dotted line represents the Threshold Price of $80.442, which is equal to 90.00% of the Closing Level of the Reference Asset on November 13, 2025. We have not independently verified the accuracy or completeness of the information obtained from Bloomberg. The historical performance of the Reference Asset should not be taken as an indication of its future performance, and no assurance can be given as to the Final Price.