Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B2
Source: 0001140361-25-007576
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B2
Chunk 9
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 transactions, if any,     
 will likely be less than the price you paid for your notes, and any sale prior to maturity could result in a substantial loss to you.                                                                                                  |

| ◾ | A trading market is not expected to develop for the notes. None of us, MLPF&S, BofAS or our or their respective affiliates is obligated to make a market for, or to repurchase, the notes. There is no assurance that any party 
 will be willing to purchase your notes at any price in any secondary market.                                                                                                                                                    |

Conflict-Related Risks

| ◾ | Our business, hedging and trading activities, and those of MLPF&S, BofAS and our and their respective affiliates (including trades in shares of the Basket Stocks), and any hedging and trading activities we, MLPF&S, BofAS 
 or our or their respective affiliates engage in for our clients’ accounts, may affect the market value of, and return on, the notes and may create conflicts of interest with you.                                           |

| ◾ | There may be potential conflicts of interest involving the calculation agents, one of which is us and one of which is BofAS, as the determinations made by the calculation agents may be discretionary and could adversely affect any 
 payment on the notes.                                                                                                                                                                                                                 |

General Credit-Related Risks

| ◾ | Payments on the notes are subject to our credit risk, and actual or perceived changes in our creditworthiness are expected to affect the value of the notes. If we become unable to meet our financial obligations as they become 
 due, you may lose some or all of your investment.                                                                                                                                                                                 |

Tax-Related Risks

| ◾ | The U.S. federal income tax consequences of the notes are uncertain and, because of this uncertainty, there is a risk that the U.S. federal income tax consequences of the notes could differ materially and adversely from the        
 treatment described below in “Supplemental Discussion of U.S. Federal Income Tax Consequences”, as described further in product supplement STOCK STR-1 under “Material U.S. Federal Income Tax Consequences — Alternative Treatments”. 
 You should consult your tax advisor as to the tax consequences of an investment in the notes and the potential alternative treatments.                                                                                                 |

| ◾ | For a discussion of the Canadian federal income tax consequences of investing in the notes, please see the discussion in the prospectus under “Tax Consequences — Canadian Taxation” and in the product supplement STOCK STR-1 under