Company: TDBCP
Filing Date: 2025-01-30
Form Type: 424B2
Source: 0001193125-25-016792
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-30
Form: 424B2
Chunk 10
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 the accompanying prospectus supplement and prospectus. This pricing supplement should be read together with the accompanying prospectus supplement and the prospectus. The information in the prospectus supplement and prospectus is supplemented by, and to the extent inconsistent therewith replaced and superseded by, the information in this pricing supplement.

A downgrade, suspension or withdrawal of the rating assigned by any rating agency to the Notes could cause the liquidity or market value of the Notes to decline, and adverse changes in the Bank’s credit ratings could have a material adverse effect on the Bank’s liquidity, cash flows, and financial results and condition.

The Bank’s senior medium-term note offerings are rated by nationally recognized
statistical ratings organizations and may in the future be rated by additional rating agencies. However, the Bank is under no obligation to ensure the Notes are rated by any rating agency and any rating initially assigned to the Notes may be lowered
or withdrawn entirely by a rating agency if, in that rating agency’s judgment, circumstances relating to the basis of the rating, such as adverse changes to the Bank’s business, so warrant. If the Bank determines to no longer maintain one
or more ratings, or if any rating agency lowers or withdraws its rating, such event could reduce the liquidity or market value of the Notes.

In addition to ratings assigned by any hired rating agencies, rating agencies not hired by the Bank to rate the Notes may assign unsolicited
ratings. If any non-hired rating agency assigns an unsolicited rating to the Notes, there can be no assurance that such rating will not differ from, or be lower than, the ratings provided by a hired rating agency. The decision to decline a rating
assigned by a hired rating agency, the delayed publication of such rating or the assignment of a non-solicited rating by a rating agency not hired by the Bank could adversely affect the market value and liquidity of the Notes.

Credit ratings and outlooks of the Bank provided by rating agencies reflect their views and are subject to change from time to time, based on
a number of factors, including the Bank’s financial strength, capital adequacy, competitive position, asset quality, business mix, corporate governance and risk management, the level and quality of our earnings and liquidity, as well as factors
not entirely within the Bank’s control, including the methodologies used by rating agencies and conditions affecting the overall financial services industry. Our borrowing costs and ability to obtain funding are influenced by our credit
ratings. Reductions in one or more of our credit ratings could adversely affect our ability to borrow funds