Company: TDBCP
Filing Date: 2025-06-18
Form Type: 424B2
Source: 0001140361-25-022902
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-18
Form: 424B2
Chunk 8
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| ◾ | While we, MLPF&S, BofAS, or our or their respective affiliates may from time to time own securities of companies included in the Basket Components, none of us, MLPF&S, BofAS, or our or their respective affiliates control any 
 company included in the Basket Components, and have not verified any disclosure made by any such company.                                                                                                                        |

| ◾ | Your return on the notes may be affected by factors affecting the international securities markets, specifically changes in the countries represented by the Basket Components. In addition, you will not obtain the benefit of any increase     
 in the value of the currencies in which the securities in the Basket Components trade against the U.S. dollar which you would have received if you had owned the securities in the Basket Components during the term of your notes, although the 
 value of the Basket may be adversely affected by the general exchange rate movements in the market.                                                                                                                                              |

Valuation- and Market-Related Risks

| ◾ | The initial estimated value of your notes on the pricing date will be less than their public offering price. The difference between the public offering price of your notes and the initial estimated value of the notes reflects costs and   
 expected profits associated with selling and structuring the notes, as well as hedging our obligations under the notes (including, but not limited to, the hedging related charge, as further described under “Structuring the Notes” on page 
 TS-33). Because hedging our obligations entails risks and may be influenced by market forces beyond our control, this hedging may result in a profit that is more or less than expected, or a loss and the amount of any such profit or loss  
 will not be known until the maturity date.                                                                                                                                                                                                    |

| ◾ | The initial estimated value of your notes is based on our internal funding rate. The internal funding rate used in the determination of the initial estimated value of the notes generally represents a discount from the credit spreads for     
 our conventional fixed-rate debt securities and the borrowing rate we would pay for our conventional fixed-rate debt securities. This discount is based on, among other things, our view of the funding value of the notes as well as the higher 
 issuance, operational and ongoing liability management costs of the notes in comparison to those costs for our conventional fixed-rate debt, as well as estimated financing costs of any hedge positions (including, but not limited to, the     
 hedging related charge, as further described under “Structuring the Notes” on