Company: TDBCP
Filing Date: 2025-02-27
Form Type: 424B3
Source: 0001140361-25-006127
Chunk: 15

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-27
Form: 424B3
Chunk 15
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 by Many Unpredictable Factors. The following factors, which are beyond our control, may influence the market value of your notes:

| • | the level of the Reference Asset, including, in the case of notes that have a buffer, whether the level of the Reference Asset trades or closes at a level below the Buffer Level or, in the case of notes that have 
 a Barrier, whether a Barrier Event has occurred;                                                                                                                                                                     |

| • | if your notes are subject to a cap or a Digital Coupon, your potential return on the notes will be limited; |

| • | the volatility (i.e., the frequency and magnitude of changes) of the level of the Reference Asset; |

| • | the dividend rate on the applicable Reference Asset Constituents; |

| • | for notes with two or more Reference Assets, the correlation of such Reference Assets; |

| • | economic, financial, political, military, regulatory, legal and other events that affect the applicable securities markets generally and the U.S. markets in particular, and which may affect the level of the 
 Reference Asset;                                                                                                                                                                                               |

| • | if the Reference Asset includes one or more indices that have returns that are calculated based upon currencies other than the U.S. dollar or prices in one or more non‑U.S. markets (a “non‑U.S. Reference Asset”),  
 changes in, and the volatility of, the exchange rates between the U.S. dollar and the relevant non‑U.S. currency or currencies could have a negative impact on the payments due on your notes and their market value; |

PS-14

| • | interest and yield rates in the market; |

| • | our financial condition and creditworthiness; and |

| • | the time remaining to maturity of the notes. |

These factors may influence the market value of your notes if you sell your notes before maturity. Our creditworthiness, as represented by our credit ratings or as otherwise perceived in the market will also affect the market value of your notes. If you sell your notes prior to maturity, you may receive less than the Principal Amount of your notes. Your notes may trade quite differently from the Reference Asset. Changes in the level of the Reference Asset may not result in comparable changes in the market value of your notes. Even if the level of the Reference Asset increases (or, in the case of bearish notes, decreases) from the Initial Level during the term of the notes, the market value of the notes prior to maturity may not increase to the same