Company: TDBCP
Filing Date: 2025-04-11
Form Type: 424B2
Source: 0001140361-25-013452
Chunk: 22

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-11
Form: 424B2
Chunk 22
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 securities and the interests we and our affiliates will have in our or their proprietary accounts, in facilitating transactions, including options and other derivatives transactions, for our or their customers’ accounts and in accounts under our or their management. These trading activities could be adverse to the interests of the holders of the securities. We, the Agent and/or our other affiliates may, at present or in the future, engage in business with one or more index constituent stock issuers, including making loans to or providing advisory services to those companies. These services could include investment banking and merger and acquisition advisory services. These business activities may present a conflict between our, the Agent’s and/or our other affiliates’ obligations, and your interests as a holder of the securities. Moreover, we, the Agent and/or our other affiliates may have published, and in the future expect to publish, research reports with respect to an underlying index or one or more index constituent stocks. This research is modified from time to time without notice and may express opinions or provide recommendations that are inconsistent with purchasing or holding the securities. Any of these activities by us and/or our other affiliates may affect the value of an underlying index and, therefore, the market value of, and any amounts payable on, the securities.

| ■ | The calculation agent will have significant discretion with respect to the securities, which may be exercised in a manner that is adverse to your interests.We will serve as the calculation agent                                              
 and may appoint a different calculation agent after the original issue date without notice to you. The calculation agent will determine whether the contingent quarterly coupon is payable to you on any contingent coupon payment date and the 
 payment at maturity of the securities, if any, based on observed index closing values of the underlying indices. The calculation agent can postpone the determination of the index closing value or final index value of an underlying index    
 (and therefore the related contingent coupon payment date or maturity date, as applicable) if a market disruption event occurs and is continuing with respect to such underlying index on any observation period end-date (including the final  
 observation period end-date). Moreover, we may elect to redeem the securities pursuant to the call feature. If we so elects, the decision may be based on factors contrary to those favorable to a holder of the securities, such as, but not   
 limited to, those described above under “Risks Relating to Return Characteristics — TD may elect to redeem the securities at its discretion and the securities are subject to reinvestment risk” and “— An investment in securities with        
 contingent quarterly coupon and optional