Company: TDBCP
Filing Date: 2025-04-01
Form Type: 424B2
Source: 0001140361-25-011549
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-01
Form: 424B2
Chunk 12
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 all of the underlying indices are greater than or equal to their respective 
 downside threshold levels.                                                                                                                                                                                                                     |

| ◾ | You may not receive any contingent quarterly coupons.TD will not necessarily make periodic payments on the securities. If the index closing value ofanyof                                                                                        
 the underlying indices on any determination date is less than its coupon threshold level, TD will not pay you the contingent quarterly coupon applicable to such determination date. If the index closing value of any of the underlying indices 
 is less than its coupon threshold level on each of the determination dates, TD will not pay you any contingent quarterly coupons during the term of, and you will not receive a positive return on, your securities. Generally, this non-payment 
 of the contingent quarterly coupon coincides with a period of greater risk of principal loss on your securities.                                                                                                                                 |

| ◾ | Greater expected volatility with respect to, and lower expected correlation of, the underlying indices generally reflects a higher contingent quarterly coupon and a higher expectation as of the pricing date                                     
 that the index closing value of any of the underlying indices could be less than its downside threshold level.Greater expected volatility with respect to, and lower expected correlation of, the underlying indices reflects a higher             
 expectation as of the pricing date that the final index value of any of the underlying indices could be less than its downside threshold level. “Volatility” refers to the frequency and magnitude of changes in the level of an underlying index. 
 This greater expected risk will generally be reflected in a higher contingent quarterly coupon for that security. However, while the contingent quarterly coupon is set on the pricing date based, in part, on the correlations of the underlying  
 indices and each underlying index’s volatility calculated using our internal models, an underlying index’s volatility, and the correlation among the underlying indices, can change significantly over the term of the securities. The level of    
 any underlying index could fall sharply, which could result in the loss of a significant portion or all of your investment in the securities.                                                                                                      |

| ◾ | The securities are subject to reinvestment risk in the event of an early redemption.The securities will be automatically redeemed prior to maturity if the index closing values ofallof the underlying indices on any determination date other than the final determination date are greater than or equal to their call threshold levels and you will not receive any more contingent 
 quarterly coupons after the related contingent coupon payment date. Conversely, the securities will not be automatically redeemed when the index closing value ofanyone of the underlying indices on                                                                                                                                                                                   
 any determination date is