Company: TDBCP
Filing Date: 2025-04-02
Form Type: 424B2
Source: 0001140361-25-011791
Chunk: 22

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-02
Form: 424B2
Chunk 22
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 set, which take into account a number of variables, such as our internal funding rate on the pricing date, and are based on a number 
 of subjective assumptions, which are not evaluated or verified on an independent basis and may or may not materialize. Further, our pricing models may be different from other financial institutions’ pricing models and the methodologies used by  
 us to estimate the value of the securities may not be consistent with those of other financial institutions that may be purchasers or sellers of securities in the secondary market. As a result, the secondary market price of your securities may  
 be materially less than the estimated value of the securities determined by reference to our internal pricing models. In addition, market conditions and other relevant factors in the future may change, and any assumptions may prove to be        
 incorrect.                                                                                                                                                                                                                                           |

| ■ | The estimated value of your securities is not a prediction of the prices at which you may sell your securities in the secondary market, if any, and such secondary market prices, if any, will likely be less                                        
 than the public offering price of your securities and may be less than the estimated value of your securities.The estimated value of the securities is not a prediction of the prices at which the agent, other affiliates of ours or                
 third parties may be willing to purchase the securities from you in secondary market transactions (if they are willing to purchase, which they are not obligated to do). The price at which you may be able to sell your securities in the secondary 
 market at any time, if any, will be influenced by many factors that cannot be predicted, such as market conditions, and any bid and ask spread for similar sized trades, and may be substantially less than the estimated value of the securities.   
 Further, as secondary market prices of your securities take into account the levels at which our debt securities trade in the secondary market, and do not take into account our various costs and expected profits associated with selling and      
 structuring the securities, as well as hedging our obligations under the securities, secondary market prices of your securities will likely be less than the public offering price of your securities. As a result, the price at which the agent,    
 other affiliates of ours or third parties may be willing to purchase the securities from you in secondary market transactions, if any, will likely be less than the price you paid for your securities, and any sale prior to the maturity date      
 could result in a substantial loss to you.                                                                                                                                                                                                           |

| ■ | The temporary price at which the agent may initially buy the securities in the