Company: TDBCP
Filing Date: 2025-04-15
Form Type: 424B2
Source: 0001140361-25-013933
Chunk: 19

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-15
Form: 424B2
Chunk 19
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 indicative of 
 future prices of your securities.                                                                                                                                                                                                              |

| ■ | The underwriting discount, offering expenses and certain hedging costs are likely to adversely affect secondary market prices.Assuming no changes in market                                                                                   
 conditions or any other relevant factors, the price, if any, at which you may be able to sell the securities will likely be less than the public offering price. The public offering price includes, and any price quoted to you is likely to 
 exclude, any underwriting discount paid in connection with the initial distribution, offering expenses as well as the cost of hedging our obligations under the securities. In addition, any such price is also likely to reflect dealer      
 discounts, mark-ups and other transaction costs, such as a discount to account for costs associated with establishing or unwinding any related hedge transaction.                                                                             |

| ■ | There may not be an active trading market for the securities — sales in the secondary market may result in significant losses.There may be little or no secondary                                                                              
 market for the securities. The securities will not be listed or displayed on any securities exchange or electronic communications network. The agent or another one of our affiliates may make a market for the securities; however, it is not 
 required to do so and may stop any market-making activities at any time. Even if a secondary market for the securities develops, it may not provide significant liquidity or trade at prices advantageous to you. We expect that transaction   
 costs in any secondary market would be high. As a result, the difference between bid and ask prices for your securities in any secondary market could be substantial. If you sell your securities before the maturity date, you may have to do 
 so at a substantial discount from the public offering price irrespective of the price of the underlying stock, and as a result, you may suffer substantial losses.                                                                             |

| ■ | If the value of the underlying index changes, the market value of your securities may not change in the same manner.Your securities may trade quite differently from                                                                          
 the performance of the underlying index. Changes in the value of the underlying index may not result in a comparable change in the market value of your securities. Even if the closing value of the underlying index remains greater than or 
 equal to the downside threshold level or increases to greater than the call threshold level during the term of the securities, the market value of your securities may not increase by the same amount and could decline.                     |

Risks Relating to General Credit Characteristics

| ■ | Investors are subject to TD’s credit risk, and TD’s credit ratings