Company: TDBCP
Filing Date: 2025-10-01
Form Type: 424B2
Source: 0001140361-25-036840
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-01
Form: 424B2
Chunk 2
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, acting jointly.                                                                                                                   |

Redemption Amount Determination

| On the maturity date, you will receive a cash payment per unit determined as follows: |

| Capped Leveraged Index Return Notes® | TS-2 |

| Capped Leveraged Index Return Notes®          
 Linked to the S&P 500®Index due October, 2027 |

The terms and risks of the notes are contained in this term sheet and in the following:

http://www.sec.gov/Archives/edgar/data/947263/000114036125006726/ef20044383_424b3.htm

http://www.sec.gov/Archives/edgar/data/947263/000119312525036639/d931193d424b5.htm These documents, including this term sheet (together, the “Note Prospectus”), have been filed as part of a registration statement with the SEC and may, without cost, be accessed on the SEC website as indicated above or obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) or BofAS by calling 1-800-294-1322. Before you invest, you should read the Note Prospectus, including this term sheet, for information about us and this offering. Any prior or contemporaneous oral statements and any other written materials you may have received are superseded by the Note Prospectus. Capitalized terms used but not defined in this term sheet have the meanings set forth in product supplement EQUITY LIRN-1. In the event of any conflict the following hierarchy will govern: first, this term sheet; second, product supplement EQUITY LIRN-1; and last, the prospectus. Unless otherwise indicated or unless the context requires otherwise, all references in this document to “we,” “us,” “our,” or similar references are to TD. Investor Considerations

| You may wish to consider an investment in the notes if: |

| ■ | You anticipate that the Index will increase moderately from the Starting Value to the Ending Value. |

| ■ | You are willing to risk a substantial loss of principal if the Index decreases from the Starting Value to an Ending Value that is below the Threshold Value. |

| ■ | You accept that the return on the notes will be capped. |

| ■ | You are willing to forgo interest payments that are paid on conventional interest-bearing debt securities. |

| ■ | You are willing to forgo dividends and other distributions on, and other benefits of owning, the stocks