Company: TDBCP
Filing Date: 2025-04-08
Form Type: 424B2
Source: 0001140361-25-012838
Chunk: 31

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-08
Form: 424B2
Chunk 31
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 quarterly coupons and this could be applied on a retroactive     
 basis. The IRS and the Treasury are also considering other relevant issues, including whether additional gain or loss from such instruments should be treated as ordinary or capital and whether non-U.S. holders of such instruments should be  
 subject to withholding tax on any deemed income accruals. Both U.S. and non-U.S. holders are urged to consult their tax advisors concerning the significance and potential impact of the above considerations.                                   |
| Medicare Tax on Net Investment Income.U.S. holders that are individuals, estates or certain trusts are subject to an additional 3.8% tax on all or a                                                                                             
 portion of their “net investment income,” or “undistributed net investment income” in the case of an estate or trust, which may include any income or gain realized with respect to the securities, to the extent of their net investment income 
 or undistributed net investment income (as the case may be) that, when added to their other modified adjusted gross income, exceeds $200,000 for an unmarried individual, $250,000 for a married taxpayer filing a joint return (or a surviving  
 spouse), $125,000 for a married individual filing a separate return or the dollar amount at which the highest tax bracket begins for an estate or trust. The 3.8% Medicare tax is determined in a different manner than the regular income tax.  
 U.S. holders should consult their tax advisors as to the consequences of the 3.8% Medicare tax.                                                                                                                                                  |

| April 2025 | Page27 |

| $4,880,000 Contingent Income Auto-Callable Securities with 6-Month Initial Non-Call Period due April 8, 2027 |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index         
 Principal at Risk Securities                                                                                 |

| Specified Foreign Financial Assets. U.S. holders may be subject to reporting obligations with respect to their securities if they do not hold their securities in an                                                                             
 account maintained by a financial institution and the aggregate value of their securities and certain other “specified foreign financial assets” (applying certain attribution rules) exceeds an applicable threshold. Significant penalties can 
 apply if a U.S. holder is required to disclose its securities and fails to do so.                                                                                                                                                                |
| Non-U.S. Holders. The U.S. federal income tax treatment of the contingent quarterly coupons is unclear. Subject to Section 871