Company: TDBCP
Filing Date: 2025-03-28
Form Type: 424B2
Source: 0001140361-25-010995
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-28
Form: 424B2
Chunk 10
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 Tax Consequences — Alternative Treatments”. You should consult 
 your tax advisor as to the tax consequences of an investment in the notes and the potential alternative treatments.                                                                                                                              |

| ■ | For a discussion of the Canadian federal income tax consequences of investing in the notes, please see the discussion in the prospectus under “Tax Consequences — Canadian Taxation” and in the product supplement EQUITY STR-1 under           
 “Supplemental Discussion of Canadian Tax Consequences” and the further discussion herein under “Summary of Canadian Federal Income Tax Consequences”. If you are not a Non-resident Holder (as that term is defined in the prospectus) for      
 Canadian federal income tax purposes or if you acquire the notes in the secondary market, you should consult your tax advisors as to the consequences of acquiring, holding and disposing of the notes and receiving the payments that might be 
 due under the notes.                                                                                                                                                                                                                            |

| Autocallable Strategic Accelerated Redemption Securities® | TS-8 |

| Autocallable Strategic Accelerated Redemption Securities® 
 Linked to the SPDR®Gold Trust due April, 2028             |

Additional Risk Factors The price of the Underlying Fund is linked closely to the price of gold, which may change unpredictably and affect the value of the notes in unforeseeable ways. The Underlying Fund attempts to mirror as closely as possible, before fees and expenses, the performance of the price of gold bullion. As a result, the value of the Underlying Fund relates directly to the value of the gold held by the Underlying Fund. Investments in securities linked to an exchange traded fund such as the Underlying Fund, which is linked to the price of a single commodity, may be considered speculative. The gold markets are generally subject to temporary distortions or other disruptions due to various factors, including a lack of liquidity in the markets, the participation of speculators, and government regulation and intervention. The price of gold used to determine the value of the gold held by the Underlying Fund is derived from a principals’ market which operates as an over-the-counter physical commodity market. Certain features of U.S. futures markets are not present in the context of trading on such principals’ markets. For example, there are no daily price limits that would otherwise restrict the extent of daily fluctuations in the prices of the commodities in such markets. In a declining market, therefore, it is possible that prices would continue to decline without limitation within a trading day or over a period of trading days. Gold prices are subject to volatile