Company: TDBCP
Filing Date: 2025-02-18
Form Type: 424B2
Source: 0001140361-25-004976
Chunk: 15

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-18
Form: 424B2
Chunk 15
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 return on the Notes at that time, depends on the price of the Reference Asset on the Maturity Date. |                                                                                      |

| TD SECURITIES (USA) LLC | P-10 |

| You should note that, because we will deliver the Physical Delivery Amount of the Reference Asset instead of paying an amount in cash at maturity if the Final Price is less than the Buffer Price, the actual                                
 value of the Physical Delivery Amount you receive on the Maturity Date may be less than the payment that you would have received at maturity had we instead paid an amount in cash, as a result of any decrease in the price of the Reference 
 Asset during the period between the Valuation Date and the Maturity Date. For the avoidance of doubt, the value of the Physical Delivery Amount as of the Maturity Date may be worth less than the value of the Physical Delivery Amount      
 calculated using the Final Price due to declines in the price of the Reference Asset from the Valuation Date to the Maturity Date.                                                                                                            |

The following table illustrates the hypothetical payment and/or delivery per Note that may be realized at maturity for a range of hypothetical Final Prices of the Reference Asset, based on the hypothetical terms set forth above. The hypothetical returns set forth below are for illustrative purposes only and may not be the actual returns applicable to a purchaser of the Notes. Further, with respect to any delivery of the Physical Delivery Amount, the hypothetical returns set forth below are based only on the hypothetical Final Price as of the Valuation Date and do not account for any changes in the price of the Reference Asset as of the Maturity Date. The numbers appearing in the following table may have been rounded for ease of analysis.

| Hypothetical Final Price | Hypothetical Percentage 
 Change                  | Payment at Maturity(1) | Return on the Notes |
| $140.00                  | 40.00%                  |             $11,794.00 | 17.94%              |
| $125.00                  | 25.00%                  |             $11,794.00 | 17.94%              |
| $120.00                  | 20.00%                  |             $11,794.00 | 17.94%              |
| $117.94                  | 17.94%                  |             $11,794.00 | 17.94%              |
| $115.00                  | 15.00%                  |             $11,500.00 | 15.00%