Company: TDBCP
Filing Date: 2025-02-06
Form Type: 424B2
Source: 0001140361-25-003450
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-06
Form: 424B2
Chunk 2
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:        |                                                                       By purchasing the Notes, you agree, in the absence of a statutory or regulatory change or an administrative determination or judicial ruling to the contrary, to treat the 
 Notes, for U.S. federal income tax purposes, as contingent payment debt instruments (“CPDI”) subject to taxation under the “noncontingent bond method”. 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 your Notes should be treated 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 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 discussed further under “Material U.S. Federal Income Tax Consequences” herein and in the product supplement. |
| 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-3 |

| 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.                                              |

| TD SECURITIES (USA) LLC | P-4 |

Additional Terms of Your Notes You should read this pricing supplement together with the prospectus, as supplemented by the product supplement MLN-EI-1 (the “product supplement