Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001140361-25-007568
Chunk: 23

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B3
Chunk 23
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ution Adjustments — Reorganization Events,” or repayable at the option of any holder. The notes are not subject to any sinking
    fund. The notes are not subject to the defeasance provisions described in the prospectus under “Description of the Debt Securities — Discharge, Defeasance and Covenant Defeasance”.

The notes will be issued only in global form through The Depository Trust Company (“

#### DTC
”). We will issue the notes in
    denominations of whole units. Unless otherwise set forth in the applicable term sheet, each unit will have a principal amount of $10. The CUSIP number for each issue of the notes will be set forth in the applicable term sheet. You may transfer the
    notes only in whole units.

#### Automatic Call
The notes will be automatically called, in whole but not in part, if the Observation Level of the Market Measure on any Observation Date is greater than or equal
    to the Call Level set forth in the applicable term sheet.

The “

#### Call Level
” will be a value of the Market Measure that equals a specified percentage of the Starting Value. The Call
    Level will be determined on the pricing date and set forth in the applicable term sheet.

The “

#### Observation Dates
” will be set forth in the applicable term sheet, subject to postponement if a
    Market Disruption Event or non-trading day occurs.

<div align='center'>PS-20</div>

If the notes are automatically called on an Observation Date, for each unit of the notes that you own, we will pay you the Call Amount applicable to that
    Observation Date on the corresponding Call Settlement Date. The “

#### Call Amount
” will be equal to the principal amount plus the applicable Call Premium. The “

#### Call Premium
”
    will be a percentage of the principal amount. The Observation Dates and the related Call Amounts and Call Premiums will be specified in the applicable term sheet.

If the notes are automatically called on an Observation Date (other than the final Observation Date), we will redeem the notes and pay the applicable Call Amount
    on the applicable Call Settlement Date. Each “

#### Call Settlement Date
” will occur on approximately the fifth Business Day after the applicable Observation Date, subject to postponement as described below. If the
    notes are called on the final Observation Date, we will redeem the notes and pay the applicable Call Amount on the maturity date.

Unless otherwise specified in the applicable term sheet,