Company: TDBCP
Filing Date: 2025-04-15
Form Type: 424B2
Source: 0001140361-25-013933
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-15
Form: 424B2
Chunk 12
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 is less than its downside threshold level, you will receive a cash payment per security that will be less than the stated principal amount and you will be exposed on a 1-to-1 basis to the decline of the worst performing underlying index.You may lose your entire investment in the securities. |

| ■ | Contingent repayment of stated principal amount only at maturity.If your securities are not redeemed 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 levels of all of the underlying indices are greater 
 than or equal to their respective downside threshold levels.                                                                                                                                                                                 |

| ■ | You may not receive any contingent quarterly coupons.TD will not necessarily make periodic payments on the securities. If the index closing value ofanyof the underlying indices on any determination date is less than its coupon threshold level, TD will not pay you the contingent quarterly coupon applicable to such determination date. If the index 
 closing value of any of the underlying indices is less than its 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, and lower expected correlation of, the underlying indices generally reflects a higher contingent quarterly coupon and a higher                                                                    
 expectation as of the pricing date that the index closing value of any of the underlying indices could be less than its downside threshold level.Greater expected volatility with respect to, and lower expected correlation of,               
 the underlying indices reflects a higher expectation as of the pricing date that the final index value of any of the underlying indices could be less than its downside threshold level. “Volatility” refers to the frequency and magnitude of 
 changes in the level of an underlying index. This greater expected risk will generally be reflected in a higher contingent quarterly coupon for that security. However, while the contingent quarterly coupon is set on the pricing date       
 based, in part, on the correlations of the underlying indices and each underlying index’s volatility calculated using our internal models, an underlying index’s volatility, and the correlation among the underlying indices, can change      
 significantly over the term of the securities. The level of any underlying index could fall sharply,