Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 11

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 11
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statistical methods. Thus, even between major revisions, changes to the calculation of the CPI are made. Therefore, if the interest rate on your notes is linked to the CPI, any such changes in consumer prices or the calculation of the CPI could
result in lower interest payments during the applicable interest period(s), and in turn reduce the market value of the notes.

Floating Rates of Interest are Uncertain and May Be Equal to or Less Than 0.0%.

If your notes are floating rate notes, no interest will accrue on
the notes with respect to any interest period for which the applicable floating rate specified in the applicable pricing supplement is zero on the related interest reset date. Floating interest rates, by their very nature, fluctuate, and may be
equal to or less than 0.0%. Also, in certain economic environments, floating rates of interest may be less than fixed rates of interest for instruments with a similar credit quality and term. As a result, the return you receive on your notes may be
less than that of a fixed rate security issued for a similar term.

S-8

An Index to Which a Note Is Linked Could Be Changed or Become Unavailable

Some indices sponsored by us or our affiliates or third parties may consist of or refer to several or many different securities, commodities or
currencies or other instruments or measures. The sponsor of such an index typically reserves the right to alter the composition of the index and the manner in which the value or level of the index is calculated. An alteration may result in a
decrease in the value of or return on an indexed note that is linked to the index. The indices for our indexed notes may include published indices of this kind or customized indices developed by us or our affiliates in connection with particular
issues of indexed notes.

A published index may become unavailable, or a customized index may become impossible to calculate in the normal
manner, due to events such as war, natural disasters, cessation of publication of the index, a suspension or disruption of trading in one or more securities, commodities or currencies or other instruments or measures on which the index is based or
any other market disruption event described in the relevant pricing supplement or product supplement. If an index becomes unavailable or impossible to calculate in the normal manner, the terms of a particular indexed note may allow us to delay
determining the amount payable as principal or premium or interest on an indexed note, or we may use an alternative method to determine the value of the unavailable index. Alternative methods of