Company: TDBCP
Filing Date: 2025-04-03
Form Type: 424B2
Source: 0001140361-25-012068
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-03
Form: 424B2
Chunk 2
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 unit described in            
 “Structuring the Notes” on page TS-16.                                                                                                         |
| Calculation Agents: |     | BofA Securities, Inc. (“BofAS”) and TD, acting jointly.                                                                                        |

RedemptionAmount Determination On the maturity date, you will receive a cash payment per unit determined as follows:

| Accelerated Return Notes® | TS-2 |

| Accelerated Return Notes®Linked to a Basket of Three Financial Sector Stocks due June  , 2026 |

The terms and risks of the notes are contained in this term sheet and in the following:

| ■ | Product supplement STOCK ARN-1 dated April 3, 2025:http://www.sec.gov/Archives/edgar/data/947263/000114036125012065/ef20046113_424b3.htm |

| ■ | Prospectus dated February 26, 2025:http://www.sec.gov/Archives/edgar/data/947263/000119312525036639/d931193d424b5.htm |

These documents, including this term sheet (together, the “Note Prospectus”), have been filed as part of a registration statement with the SEC and may, without cost, be accessed on the SEC website as indicated above or obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) or BofAS by calling 1-800-294-1322. Before you invest, you should read the Note Prospectus, including this term sheet, for information about us and this offering. Any prior or contemporaneous oral statements and any other written materials you may have received are superseded by the Note Prospectus. Capitalized terms used but not defined in this term sheet have the meanings set forth in product supplement STOCK ARN-1. In the event of any conflict the following hierarchy will govern: first, this term sheet; second, product supplement STOCK ARN-1; and last, the prospectus. Unless otherwise indicated or unless the context requires otherwise, all references in this document to “we,” “us,” “our,” or similar references are to TD. Investor Considerations

You may wish to consider an investment in the notes if:

| ■ | You anticipate that the value of the Basket will increase moderately from the Starting Value to the Ending Value. |

| ■ | You are willing to risk a substantial or entire loss of principal if the value of the Basket decreases from the Starting Value to the Ending Value. |

| ■ | You accept