Company: TDBCP
Filing Date: 2025-04-11
Form Type: 424B2
Source: 0001140361-25-013393
Chunk: 11

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-11
Form: 424B2
Chunk 11
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, and the Underlying Index is not necessarily representative of the semiconductor production and equipment sector. As of April 4, 2025, there were 25 securities held by the Underlying Fund. As of that date, the top three securities held by the Fund constituted 39.30% of the Underlying Fund’s holdings, and the top six securities held by the Underlying Fund constituted 54.37% of its holdings. Any reduction in the market price of those securities is likely to have a substantial adverse impact on the price of the Underlying Fund and the value of the notes. While the securities included in the Underlying Index are equity securities of companies generally considered to be involved in thesemiconductor production and equipment sector , the securities included in the Underlying Index may not follow the price movements of the entiresemiconductor production and equipment sector generally. If the securities included in the Underlying Index (and, accordingly, the securities held by the Underlying Fund) decline in value, the Underlying Fund will decline in value even if security prices in thesemiconductor production and equipment sector generally increase in value.

| Accelerated Return Notes® | TS-8 |

| Accelerated Return Notes®                             
 Linked to the VanEck®Semiconductor ETF due June, 2026 |

The Underlying Fund All disclosures contained in this term sheet regarding the Underlying Fund, including, without limitation, its make-up, method of calculation, and changes in its components, have been derived from publicly available sources. The information reflects the policies of, and is subject to change by, Van Eck Associates Corporation, the advisor to the Underlying Fund (the “sponsor” or “Van Eck”). The sponsor has no obligation to continue to publish, and may discontinue publication of, the Underlying Fund. The consequences of the sponsor discontinuing publication of the Underlying Fund are discussed in the section entitled “Description of ARNs —Anti-Dilution and Discontinuance Adjustments Relating to Underlying Funds” beginning on page PS-28 of product supplement EQUITY ARN-1. None of us, our affiliates, the calculation agents, MLPF&S or BofAS accepts any responsibility for the calculation, maintenance or publication of the Underlying Fund or any successor Underlying Fund.

| The VanEck®Semiconductor ETF |

The Underlying Fund seeks to replicate, before fees and expenses, the price and yield performance of the MVIS ®US Listed Semiconductor 25 Index (the “Underlying Index”). The Underlying Index