Company: TDBCP
Filing Date: 2025-04-03
Form Type: 424B2
Source: 0001140361-25-012010
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-03
Form: 424B2
Chunk 0
---
 liquidity, with no exchange listing                                                                                                                                                                            
 ◾The notes are unsecured debt securities and are not savings accounts or insured deposits of a bank. The notes are                                                                                                                       
 not insured or guaranteed by the Canada Deposit Insurance Corporation (the “CDIC”), the U.S. Federal Deposit Insurance Corporation (the “FDIC”), or any other governmental agency of Canada, the United States or any other jurisdiction |                                                                                                                      |                  |                                            |

The notes are being issued by The Toronto-Dominion Bank (“TD”). There are important differences between the notes and a conventional debt security, including different investment risks and certain additional costs. See “Risk Factors” beginning on page TS-7 of this term sheet and beginning on page PS-7 of product supplement EQUITY STR-1 and page 1 of the prospectus. The initial estimated value of the notes at the time the terms of the notes are set on the pricing date is expected to be between $9.219 and $9.519 per unit, which is less than the public offering price listed below.See “Summary” on the following page, “Risk Factors” beginning on page TS-7 of this term sheet and “Structuring the Notes” on page TS-18 of this term sheet for additional information. The actual value of your notes at any time will reflect many factors and cannot be predicted with accuracy. None of the U.S. Securities and Exchange Commission (the “SEC”), any state securities commission, or any other regulatory body has approved or disapproved of these notes or passed upon the adequacy or accuracy of this document, product supplement EQUITY STR-1or the prospectus. Any representation to the contrary is a criminal offense.

|                                  | Per Unit | Total |
|:---------------------------------|---------:|:------|
| Public offering price(1)         |   $10.00 | $     |
| Underwriting discount(1)         |    $0.20 | $     |
| Proceeds, before expenses, to TD |    $9.80 | $     |

| (1) | For any purchase of 300,000 units or more in a single transaction by an individual investor or in combined transactions with the investor’s household in this offering, the public offering price and the underwriting 
 discount will be $9.95 per unit and $0.15 per unit, respectively. See “Supplement to the Plan of Distribution (Conflicts of Interest)” below.                                                                          |

The notes:

| Are Not FDIC Ins