Company: TDBCP
Filing Date: 2025-07-07
Form Type: 424B2
Source: 0001140361-25-025012
Chunk: 22

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-07
Form: 424B2
Chunk 22
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, as shown in the table above. As a result, if you held your Notes to maturity, you would not benefit from any increase in the Final Price over the Initial Price. The amounts payable on the Notes on a Contingent Coupon Payment Date, upon an automatic call or at maturity shown above are entirely hypothetical; they are based on hypothetical prices of the Reference Asset that may not be achieved on a Contingent Coupon

| TD SECURITIES (USA) LLC | P-14 |

Observation Date (including the Final Valuation Date) or a Call Observation Date and on assumptions that may prove to be erroneous. The actual market value of your Notes on the Maturity Date or at any other time, including any time you may wish to sell your Notes, may bear little relation to the hypothetical Contingent Coupon Payments or hypothetical payments upon an automatic call or at maturity shown above, and these amounts should not be viewed as an indication of the financial return on an investment in the offered Notes. The hypothetical payments of any Contingent Coupon Payments or upon an automatic call or at maturity on the Notes held to a Call Payment Date or the Maturity Date in the examples above assume you purchased your Notes at their Principal Amount and have not been adjusted to reflect the actual original issue price you pay for your Notes. The return on your investment (whether positive or negative) in your Notes will be affected by the amount you pay for your Notes. If you purchase your Notes for a price other than the Principal Amount, the return on your investment will differ from, and may be significantly less than, the hypothetical returns suggested by the above examples. Please read “Additional Risk Factors — Risks Relating to Estimated Value and Liquidity—The Market Value of Your Notes May Be Influenced by Many Unpredictable Factors” in this pricing supplement. Payments on the Notes are economically equivalent to the amounts that would be paid on a combination of other instruments. For example, payments on the Notes are economically equivalent to a combination of an interest-bearing bond bought by the holder and one or more options entered into between the holder and us (with one or more implicit option premiums paid over time). The discussion in this paragraph does not modify or affect the terms of the Notes or the U.S. federal income tax treatment of the Notes, as described elsewhere in this pricing supplement.

| We cannot predict the actual Closing Prices of the Reference Asset on any Contingent Coupon Observation Date (including the Final Valuation Date) or Call                                                                                         
 Observation Date, or what the market