Company: TDBCP
Filing Date: 2025-04-03
Form Type: 424B2
Source: 0001140361-25-012000
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-03
Form: 424B2
Chunk 9
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 If we become unable to meet our financial obligations as they become due, 
 you may lose some or all of your investment.                                                                                                                                                                                           |

Tax-Related Risks

| ■ | The U.S. federal income tax consequences of the notes are uncertain and, because of this uncertainty, there is a risk that the U.S. federal income tax consequences of the notes could differ materially and adversely from the treatment 
 described below in “Supplemental Discussion of U.S. Federal Income Tax Consequences”, as described further in product supplement EQUITY ARN-1 under “Material U.S. Federal Income Tax Consequences — Alternative Treatments”. You should  
 consult your tax advisors 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 ARN-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.                                                                                                                                                                                                                      |

| Accelerated Return Notes® | TS-7 |

| Accelerated Return Notes®                                         
 Linked to the iShares®U.S. Aerospace & Defense ETF due June, 2026 |

Additional Risk Factors Adverse conditions in the aerospace and defense sector may reduce your return on the notes. The aerospace and defense sector may be significantly affected by changes in government regulations and spending policies, changes in economic conditions and industry consolidation as well as geopolitical events and other factors that interact in complex and unpredictable ways. Adverse developments in the aerospace and defense sector may have an adverse effect on the value of the Underlying Fund and, as a result, on the value of, and return on, the notes. All of the securities held by the Underlying Fund are concentrated in one sector. All of the securities held by the Underlying Fund are issued by companies in the aerospace and defense sector. As a result, the securities that will determine the performance of the notes are concentrated in one sector. Although an investment in the notes will