Company: TDBCP
Filing Date: 2025-04-28
Form Type: 424B2
Source: 0001140361-25-016072
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-28
Form: 424B2
Chunk 5
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 of your particular circumstances. Structure-Related Risks

| ■ | Depending on the performance of the Basket as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal. |

| ■ | Your return on the notes may be less than the yield you could earn by owning a conventional fixed or floating rate debt security of comparable maturity. |

| ■ | Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the Basket Stocks. |

Market Measure-Related Risks

| ■ | No Underlying Company will have any obligations relating to the notes, and none of us, MLPF&S, BofAS or our or their respective affiliates will perform any due diligence procedures with respect to any Underlying Company in 
 connection with this offering.                                                                                                                                                                                                 |

| ■ | Changes in the prices of one or more of the Basket Stocks may be offset by changes in the prices of one or more of the other Basket Stocks. |

| ■ | You will have no rights of a holder of the Basket Stocks and you will not be entitled to receive any shares of the Basket Stocks or dividends or other distributions by any Underlying Company. |

| ■ | While we, MLPF&S, BofAS or our or their respective affiliates may from time to time own securities of the Underlying Companies, none of us, MLPF&S, BofAS or our or their respective affiliates control any Underlying Company, 
 and have not verified any disclosure made by any Underlying Company.                                                                                                                                                            |

| ■ | The Redemption Amount will not be adjusted for all corporate events that could affect a Basket Stock. See “Description of ARNs—Anti-Dilution Adjustments” beginning on page PS-21 of product supplement STOCK ARN-1. |

Valuation- and Market-Related Risks

| ■ | The initial estimated value of your notes on the pricing date is less than their public offering price. The difference between the public offering price of your notes and the initial estimated value of the notes reflects costs and    
 expected profits associated with selling and structuring the notes, as well as hedging our obligations under the notes (including, but not limited to, the hedging related charge, as further described under “Structuring the Notes” on  
 page TS-16). Because hedging our obligations entails risks and may be influenced by market forces beyond our control, this hedging may result in a profit that is more or less than expected,