Company: TDBCP
Filing Date: 2025-03-21
Form Type: 424B2
Source: 0001140361-25-009853
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-21
Form: 424B2
Chunk 14
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 Price of any Reference Asset is less than its Initial Price, we will deliver a number of shares of the Least Performing Reference Asset equal                                                     
 to its Physical Delivery Amount, for a total of $5,000.00*, a loss of 50.00% on the Notes. The actual value of the shares received on the Maturity Date, and the total return on the Notes at that time, depends on the price of the Least      
 Performing Reference Asset on the Maturity Date.                                                                                                                                                                                                
 You should note that, because we will deliver the Physical Delivery Amount of the Least Performing Reference Asset instead of paying an amount in cash at maturity if the Final Price of any                                                    
 Reference Asset is less than its Initial Price, the actual value of the Physical Delivery Amount of the Least Performing Reference Asset you receive on the Maturity Date may be less than the payment that you would have received at maturity 
 had we instead paid an amount in cash, as a result of any decrease in the price of the Least Performing Reference Asset during the period between the Valuation Date and the Maturity Date. For the avoidance of doubt, the value of the        
 Physical Delivery Amount of the Least Performing Reference Asset as of the Maturity Date may be worth significantly less than the value of its Physical Delivery Amount calculated using its Final Price due to declines in the price of the    
 Least Performing Reference Asset from the Valuation Date to the Maturity Date.                                                                                                                                                                  |                                                                  |

| TD SECURITIES (USA) LLC | P-10 |

The following table illustrates the hypothetical payment and/or delivery per Note that may be realized at maturity for a range of hypothetical Final Prices of the Least Performing Reference Asset, based on the hypothetical terms set forth above. The hypothetical returns set forth below are for illustrative purposes only and may not be the actual returns applicable to a purchaser of the Notes. Further, with respect to any delivery of the Physical Delivery Amount of the Least Performing Reference Asset, the hypothetical returns set forth below are based only on the hypothetical Final Price of the Least Performing Reference Asset as of the Valuation Date and do not account for any changes in the price of the Least Performing Reference Asset on the Maturity Date. The numbers appearing in the following table may have been rounded for ease of analysis. We make no representation or warranty as to which of the Reference Assets will be the Least Performing Reference Asset for the purposes of calculating your actual Payment at Maturity.

| Hypothetical Final Price of the 
 Least Performing Reference      
 Asset                           | Hypothetical Percentage             
 Change of