Company: TDBCP
Filing Date: 2025-06-12
Form Type: 424B2
Source: 0001140361-25-022315
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-12
Form: 424B2
Chunk 5
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. We also urge you to consult your 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 your particular circumstances before you invest in the notes. Structure-Related Risks

| ■ | Depending on the performance of the Underlying Stock as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal. |

| ■ | Your return on the notes may be less than the yield you could earn by owning a conventional fixed or floating rate debt security of comparable maturity. |

| ■ | Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the Underlying Stock. |

Market Measure-Related Risks

| ■ | The Underlying Company will have no obligations relating to the notes, and none of us, MLPF&S, BofAS or our or their respective affiliates will perform any due diligence procedures with respect to the Underlying Company in 
 connection with this offering.                                                                                                                                                                                                 |

| ■ | You will have no rights of a holder of the Underlying Stock, and you will not be entitled to receive the Underlying Stock or dividends or other distributions by the Underlying Company. |

| ■ | While we, MLPF&S, BofAS or our or their respective affiliates may from time to time own securities of the Underlying Company, we, MLPF&S, BofAS and our and their respective affiliates do not control the Underlying Company, 
 and have not verified any disclosure made by the Underlying Company.                                                                                                                                                           |

| ■ | The Redemption Amount will not be adjusted for all corporate events that could affect the Underlying Stock. See “Description of ARNs—Anti-Dilution Adjustments” beginning on page PS-21 of product supplement STOCK ARN-1. |

Valuation- and Market-Related Risks

| ■ | The initial estimated value of your notes on the pricing date will be less than their public offering price. The difference between the public offering price of your notes and the initial estimated value of the notes reflects costs   
 and expected profits associated with selling and structuring the notes, as well as hedging our obligations under the notes (including, but not limited to, the hedging related charge, as further described under “Structuring the Notes” 
 on page TS-10). Because hedging our obligations entails risks and may be influenced by market forces beyond our control,