Company: TDBCP
Filing Date: 2025-01-08
Form Type: 424B2
Source: 0001140361-25-000584
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-08
Form: 424B2
Chunk 4
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 should be included in ordinary income at the   
 time you receive the payment or when it accrues, depending on your regular method of accounting for U.S. federal income tax purposes. Based on certain factual representations received from us, our special U.S. tax counsel, Fried, Frank,    
 Harris, Shriver & Jacobson LLP, is of the opinion that it would be reasonable to treat the Notes in the manner described above. However, because there is no authority that specifically addresses the tax treatment of the Notes, it is        
 possible that your Notes could alternatively be treated for tax purposes as a single contingent payment debt instrument, or pursuant to some other characterization, such that the timing and character of your income from the Notes could     
 differ materially and adversely from the treatment described above, as described further under “Material U.S. Federal Income Tax Consequences” herein and in the product supplement.An investment in the                                        
 Notes is not appropriate for non-U.S. holders and we will not attempt to ascertain the tax consequences to non-U.S. holders of the purchase, ownership or disposition of the Notes.                                                             |
| Canadian Tax Treatment:     | Please see the discussion in the product supplement under “Supplemental Discussion of Canadian Tax Consequences”, which applies to the Notes. In addition to the assumptions, limitations and conditions                                        
 described therein, such discussion assumes that no amount paid or payable to a Non-resident Holder in respect of the Notes will be the deduction component of a “hybrid mismatch arrangement” under which the payment arises within the meaning 
 of paragraph 18.4(3)(b) of the Canadian Tax Act (as defined in the prospectus) contained in rules governing hybrid mismatch arrangements (the “Hybrid Mismatch Rules”). We will not pay any additional amounts as a result of any withholding   
 required by reason of the Hybrid Mismatch Rules.                                                                                                                                                                                                |

| TD SECURITIES (USA) LLC | P-5 |

| Record Date:         | The Business Day preceding the relevant Contingent Interest Payment Date.                                                        |
| Calculation Agent:   | TD                                                                                                                               |
| Listing:             | The Notes will not be listed or displayed on any securities exchange or electronic communications network.                       |
| Canadian Bail-in:    | The Notes are not bail-inable debt securities (as defined in the prospectus) under the Canada Deposit Insurance Corporation Act. |
| Change in Law Event: | Not applicable, notwithstanding anything to the contrary in the product supplement.                                              |

The Pricing Date, the Issue Date, and all other dates