Company: TDBCP
Filing Date: 2025-03-13
Form Type: 424B2
Source: 0001140361-25-008596
Chunk: 20

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-13
Form: 424B2
Chunk 20
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 SPY Trust, dated January 27, 2025, filed by the SPY Trust available at: https://www.sec.gov/Archives/edgar/data/884394/000119312525013181/d875286d485bpos.htm Information from outside sources including, but not limited to the prospectus related to the SPY Trust 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. We have not undertaken an independent review or due diligence of any publicly available information with respect to the SPY Trust or the Target Index. Information filed by the SPY Trust with the SEC, including the prospectus for the SPY Trust, can be found by reference to its SEC file numbers: 033-46080 and 811-06125 or its CIK Code: 0000884394.

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

Historical Information The graph below illustrates the performance of the Reference Asset from March 12, 2015 through March 12, 2025. The dotted line represents the Buffer Price of $447.096, which is equal to 80.00% of the Initial Price. We obtained the information regarding the historical performance of the Reference Asset in the graph below from Bloomberg. 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 Closing Price of the Reference Asset on any date or that the performance of the Reference Asset will result in a positive return on your initial investment. SPDR ®S&P 500 ®ETF Trust (SPY) PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

| TD SECURITIES (USA) LLC | P-13 |

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 how the Notes should be treated for U.S. federal income tax purposes. 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 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