Company: TDBCP
Filing Date: 2025-05-06
Form Type: 424B2
Source: 0001140361-25-017453
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-06
Form: 424B2
Chunk 10
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, you will receive a cash payment per security that will be less than 80% of the stated principal 
 amount and you will be exposed on a 1-to-1 basis to the decline of the final index value relative to the initial index value.You may lose your entire investment in the securities.                                                            |

| ■ | Contingent repayment of stated principal amount only at maturity.If TD does not elect to redeem your securities prior to maturity, you should be willing to hold your securities to maturity. If you                                        
 are able to sell your securities prior to maturity in the secondary market, you may have to sell them at a loss relative to your investment even if the then-current level of the underlying index is greater than or equal to the downside 
 threshold level.                                                                                                                                                                                                                            |

| ■ | You may not receive any contingent quarterly coupons.TD will not necessarily make periodic payments on the securities. If the index closing value of the underlying index on any determination date is                                          
 less than the coupon threshold level, TD will not pay you the contingent quarterly coupon applicable to such determination date. If the index closing value is less than the coupon threshold level on each of the determination dates, TD will 
 not pay you any contingent quarterly coupons during the term of, and you will not receive a positive return on, your securities. Generally, this non-payment of the contingent quarterly coupon coincides with a period of greater risk of      
 principal loss on your securities.                                                                                                                                                                                                              |

| ■ | Greater expected volatility with respect to the underlying index generally reflects a higher contingent quarterly coupon and a higher expectation as of the pricing date that the final index value could be                                      
 less than the downside threshold level.Greater expected volatility with respect to the underlying index reflects a higher expectation as of the pricing date that the final index value could be less than the downside threshold level           
 on the final determination date. “Volatility” refers to the frequency and magnitude of changes in the level of the underlying index. This greater expected risk will generally be reflected in a higher contingent quarterly coupon for the       
 securities than would have been the case had expected volatility been lower. However, while the contingent quarterly coupon is set on the pricing date based, in part, on the underlying index’s volatility calculated using our internal models, 
 the underlying index’s volatility can change significantly over the term of the securities. The level of the underlying index could fall sharply, which could result in the loss of a significant portion or all of your investment in the        
 securities.                                                                                                                                                                                                                                       |

| ■ | TD may elect to redeem