Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001140361-25-007568
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B3
Chunk 18
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 the extent that, in its judgment, is appropriate to make an informed decision regarding an investment in the notes. The selection of an Underlying Stock does not
    reflect any investment recommendations from us, the agents or any of our or their respective affiliates.

There may be potential conflicts of interest involving the calculation agent. We have the right to appoint and remove the calculation agent. We expect to appoint BofAS or one of its affiliates as the calculation agent or as joint calculation agent (along with us or one of our affiliates) for the notes and, as such, we and/or BofAS, as joint calculation agents or
    calculation agent, will determine the Starting Value, the Price Multiplier, the Threshold Value, each Observation Level, including the Ending Value, whether the notes will be called and the Redemption Amount. Under some circumstances, these duties
    could result in a conflict of interest between our status as issuer and our responsibilities as calculation agent. These conflicts could occur, for instance, in connection with the calculation agent’s determination as to whether a Market Disruption
    Event has occurred, or in connection with judgments that the calculation agent would be required to make if an event occurs with respect to an Underlying Stock that requires an adjustment to the terms of your notes. See “Description of the Notes —
    Market Disruption Events,” and “— Anti-Dilution Adjustments”. The calculation agent will be required to carry out its duties in good faith and use its reasonable judgment under certain circumstances. However, because we or one of our affiliates may
    serve as the calculation agent, potential conflicts of interest could arise. None of us, the agents or any of our or their respective affiliates will have any obligation to consider your interests as a holder of the notes in taking any action that
    might affect the market value of, and any amount payable on, the notes.

As the calculation agent or joint calculation agents, we (or one of our affiliates) and/or BofAS or one of its affiliates will have discretion in making various determinations that
    affect your notes, such as when a Market Disruption Event occurs or an event occurs with respect to an Underlying Stock that requires adjustment to the terms of the notes. The exercise of this discretion by the calculation agent could adversely affect
    the value of your notes and may present the calculation agent with a conflict of interest of the kind described under “— Trading and hedging activities by us, the agents and our or their respective affiliates may affect the market value of