Company: TDBCP
Filing Date: 2025-04-01
Form Type: 424B2
Source: 0001140361-25-011549
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-01
Form: 424B2
Chunk 14
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 any contingent quarterly coupons and/or (b) receive an amount in cash that is worth less than your stated principal amount on the maturity date than would   
 have been the case had the securities been linked to only one underlying index. In addition, if the performances of the underlying indices are not correlated to each other, the risk that the index closing value (on any determination date     
 other than the final determination date) or the final index value, as applicable, ofanyunderlying index is less than its coupon threshold level or downside threshold level is even greater.                                                      |

Risks Relating to Characteristics of the Underlying Indices

| ◾ | The level of each underlying index will be affected by various factors that interact in complex and unpredictable ways.The return on the securities, which may be negative, is linked to the                                                       
 performance of each underlying index and indirectly linked to the value of the index constituent stocks. The level of each underlying index can rise or fall sharply due to factors specific to such underlying index or its index constituent     
 stocks and their issuers (the “index constituent stock issuers”), such as stock or commodity 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 or commodity market volatility and levels, interest rates and economic and political conditions. You, as an investor in the securities, should make your own investigation into    
 the underlying indices and the index constituent stocks.                                                                                                                                                                                           |

| ◾ | There can be no assurance that the investment view implicit in the securities will be successful.It is impossible to predict whether and the extent to which the levels of the underlying indices                                                 
 will rise or fall and there can be no assurance that the index closing value ofeachunderlying index on any determination date will be greater than or equal to its coupon threshold level, or, if the                                             
 securities are not redeemed prior to maturity, that the final index value ofeachunderlying index on the final valuation date will be greater than or equal to its downside threshold level. The levels                                            
 of the underlying indices will be influenced by complex and interrelated political, economic, financial and other factors that affect the index constituent stock issuers. You should be willing to accept the risks associated with the relevant 
 markets tracked by each underlying index in general and each index’s index constituent stocks in particular, and the risk of losing a significant portion or all of your investment in the securities.                                            |

| March 2025 | Page12 |

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