Company: TDBCP
Filing Date: 2025-03-25
Form Type: 424B2
Source: 0001140361-25-010252
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-25
Form: 424B2
Chunk 0
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Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-283969

| The Toronto-Dominion Bank                                                   
 $950,000                                                                    
 Bearish Absolute Return SPDR®S&P®Bank ETF-Linked Notes due February 4, 2026 |

The notes do not bear interest.The amount that you will be paid on your notes on the maturity date (February 4, 2026) is based on the performance of the shares of the SPDR ®S&P ®Bank ETF (the reference asset) as measured from the pricing date (March 21, 2025) to and including the valuation date (February 2, 2026). The return on your notes is linked to the performance of the reference asset, and not to that of the S&P ®Banks Select Industry Index (the target index) on which the reference asset is based. The performance of the reference asset may significantly diverge from that of the target index. If the final price on the valuation date is less than the initial price of $53.29 butgreater than or equal to the lower barrier of 84.20% of the initial price, the return on your notes at maturity will be positive and will equal the absolute value of the percentage change (e.g., if the percentage change is -10%, your return will be +10%). As a result of the lower barrier, the maximum potential return on your notes will be limited to 15.80%. If the final price on the valuation date is (i) greater than or equal to the initial price or (ii) less than the lower barrier, you will not receive a positive return on the notes and, at maturity, will only receive an amount in cash per note equal to the principal amount. By purchasing these notes, you are taking the bearish view that the price of the reference asset will decline such that the final price will be less than the initial price but greater than or equal to the lower barrier. To determine your payment at maturity, we will calculate the percentage change of the reference asset, which is the percentage increase or decrease in the final price from the initial price. At maturity, for each $1,000 principal amount of your notes, you will receive an amount in cash equal to:

| ● | if the percentage change iszeroorpositive(the final price isgreater thanorequal tothe initial price), $1,000; |

| ● | if the percentage change isnegativebutnot less than-15.80