Company: TDBCP
Filing Date: 2025-03-03
Form Type: 424B2
Source: 0001140361-25-006776
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-03
Form: 424B2
Chunk 14
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, and the iShares ®Russell 2000 Value ETF seeks to track the price and yield performance of that index, before fees and expenses. There is no guarantee generally that stocks determined by such target index sponsor’s methodology to be “value” stocks will outperform an index of stocks selected by any other methodology, or that the iShares ®Russell 2000 Value ETF strategy will successfully replicate the performance of its target index. There is also no guarantee that the iShares ®Russell 2000 Value ETF will outperform an ETF that seeks to track the performance of an index or strategy that selects stocks using other criteria. Companies that are considered to be value oriented may have lower growth potential than other securities, which may cause the level of the iShares ®Russell 2000 Value ETF to decrease over the term of the Notes. Accordingly, the iShares ®Russell 2000 Value ETF may underperform an investment linked to an index that selects its components based on a different set of criteria and, as described elsewhere herein, may adversely affect the market value of, and return on, the Notes. The Nasdaq-100 Index ®Reflects Price Return, not Total Return.

| TD SECURITIES (USA) LLC | P-11 |

The return on the Notes is based on the performance of the Nasdaq-100 Index ®, which reflects the changes in the market prices of its Reference Asset Constituents. The Nasdaq-100 Index ®is not a “total return” index or strategy, which, in addition to reflecting those price returns, would also reflect dividends paid on its Reference Asset Constituents. The return on the Notes will not include such a total return feature or dividend component. The Notes Are Subject to Risks Associated With the Real Estate Sector. The Notes are subject to risks associated with the real estate sector because the target index of the Real Estate Select Sector SPDR ®Fund is comprised of the stocks of companies whose primary lines of business are directly associated with the real estate sector, which means that the Real Estate Select Sector SPDR ®Fund will be more affected by the performance of the real estate sector versus a fund that is more diversified. The Real Estate Select Sector SPDR ®Fund invests in real estate companies, such as real estate investment trusts (“REITs”) or real estate holding companies, which expose investors to the risks of owning real estate directly, as well as to risks that relate specifically to the way in which real estate companies are organized and operated. Real estate is highly