Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001140361-25-007568
Chunk: 27

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B3
Chunk 27
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 the Underlying Stock (or such other                                                  
 security) obtained from as many dealers in that security (which may include us, BofAS and/or any of our or their respective affiliates), but not exceeding three, as will make the bid prices available to the calculation agent. If no such bid 
 price can be obtained, the Closing Market Price will be determined (or, if not determinable, estimated) by the calculation agent                                                                                                                 |

If the Market Measure consists of a Basket, the Starting Value, each Observation Level, if applicable, and the Ending Value of the Basket will be determined as
    described in “— Basket Market Measures.”

The initial “

#### Price Multiplier
” for an Underlying Stock will be one, unless otherwise set forth in the applicable term sheet. The Price
    Multiplier for each Underlying Stock will be subject to adjustment for certain corporate events relating to that Underlying Stock described below under “— Anti-Dilution Adjustments.”

<div align='center'>PS-23</div>

#### Market Disruption Events
As to any Underlying Stock (or any “

#### successor Underlying Stock
,” which is the common equity securities or the ADRs of a
    Successor Entity (as defined below)), a “

#### Market Disruption Event
” means one or more of the following events, as determined by the calculation agent:

| (A) | the suspension of or material limitation on trading, in each case, for more than two consecutive hours of trading, or during the one-half hour period preceding the close of trading, of the shares of the Underlying 
 Stock (or successor Underlying Stock) on the primary exchange where such shares trade, as determined by the calculation agent (without taking into account any extended or after-hours trading session); or           |

| (B) | the suspension of or material limitation on trading, in each case, for more than two consecutive hours of trading, or during the one-half hour period preceding the close of trading, on the primary exchange that                               
 trades options contracts or futures contracts related to the shares of the Underlying Stock (or successor Underlying Stock) as determined by the calculation agent (without taking into account any extended or after-hours trading session), in 
 options contracts or futures contracts related to the shares of the Underlying Stock (or successor Underlying Stock).                                                                                                                            |

For the purpose of determining whether a Market Disruption Event has occurred:

| (1) | a limitation on the hours in a trading day and/or