Company: TDBCP
Filing Date: 2025-01-10
Form Type: 424B2
Source: 0001140361-25-000785
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-10
Form: 424B2
Chunk 3
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| • | Potential For Automatic Call– TheNotes will be automatically called if (i) the Closing Level ofeachReference Asset isgreater than or equal toits Initial Level on the Review Date prior to the Final Review Date or (ii) the Final Level ofeachReference Asset isgreater than or equal toits Step-Down Call Level on the Final Review Date. Because the Notes may 
 be automatically called as early as the first potential Call Payment Date, the Notes are subject to reinvestment risk. If the Notes are automatically called, on the Call Payment Date, you will receive a cash payment per Note equal to the                                                                                                                     
 applicable Call Price, which will reflect a return equal to the applicable Call Premium, and no further amounts will be owed to you under the Notes.                                                                                                                                                                                                              |

| • | Contingent Repayment of Principal with Potential for Full Downside Exposure –If the Notes are not automatically called and therefore the Final Level ofanyReference Asset isless thanits Buffer Level, you will lose approximately 1.1765% of the Principal Amount of the Notes for each 1% that the Final Level of the Least Performing Reference Asset is 
 less than its Initial Level in excess of the Buffer Amount, and because of the Downside Leverage Factor, may lose your entire investment in the Notes.You will be exposed to the market risk of each                                                                                                                                                        
 Reference Asset and any decline in the level of one Reference Asset may negatively affect your return on the Notes and will not be offset or mitigated by a lesser decline or any potential increase in the level of any other Reference                                                                                                                    
 Asset. Any payments on the Notes, including any repayment of principal, are subject to our credit risk.                                                                                                                                                                                                                                                     |

Additional Risk Factors The Notes involve risks not associated with an investment in conventional debt securities. This section describes the most significant risks relating to the terms of the Notes. For additional information as to these risks, please see “Additional Risk Factors Specific to the Notes” in the product supplement and “Risk Factors” in the prospectus. Investors should consult their investment, legal, tax, accounting and other advisors as to the risks entailed by an investment in the Notes and the suitability of the Notes in light of their particular circumstances. Risks Relating to Return Characteristics Your Investment in the Notes May Result in a Loss. The Notes do not guarantee the return of the Principal Amount and investors may lose up to their entire investment in the Notes. Your investment will be exposed to a loss on a leveraged basis if the Final Level of