Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B2
Source: 0001140361-25-007571
Chunk: 7

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B2
Chunk 7
---
, regardless of the price of the Reference Asset on any other day. Risks Relating to Characteristics of the Reference Asset There Are Market Risks Associated with the Reference Asset. The price of the Reference Asset can rise or fall sharply due to factors specific to the Reference Asset, its investment adviser (the “Investment Adviser”) and the Reference Asset Constituents and their issuers (the “Reference Asset Constituent Issuers”), such as stock price volatility, earnings, financial conditions, corporate, industry and regulatory developments, management changes and decisions and other events, as well as general market factors, such as general stock market volatility and levels, interest rates and economic and political conditions. You, as an investor in the Notes, should make your own investigation into the Investment Adviser and the Reference Asset for your Notes. For additional information, see “Information Regarding the Reference Asset” in this pricing supplement and the Investment Adviser’s SEC filings. We urge you to review financial and other information filed periodically by the Investment Adviser with the SEC. You Will Have No Rights to Receive Any Shares of the Reference Asset or any Reference Asset Constituent and You Will Not Be Entitled to Dividends or Other Distributions by the Investment Adviser or any Reference Asset Constituent Issuer. The Notes are our debt securities. They are not equity instruments, shares of stock, or securities of any other issuer. Investing in the Notes will not make you a holder of shares of the Reference Asset or any Reference Asset Constituent. Your return on the Notes is limited to the Contingent Interest Payments, if any, and you will not participate in any appreciation of the Reference Asset even though, if the Final Price is less than the Buffer Price, you are subject to its downside market risk. Additionally, you will not have any voting rights, any rights to receive dividends or other distributions, or any rights against the Investment Adviser or any Reference Asset Constituent Issuer. As a result, the return on your Notes will not reflect the return you would realize if you actually owned shares of the Reference Asset or any Reference Asset Constituents, participated in any appreciation of the Reference Asset or any Reference Asset Constituents and received the dividends paid or other distributions made in connection with the Reference Asset or any Reference Asset Constituents. The amount you receive on the Maturity Date, if anything, will be paid in cash and you have no right to receive delivery of shares of the Reference Asset or any Reference Asset Constituent.

| TD SECURITIES (USA)