Company: TDBCP
Filing Date: 2025-04-02
Form Type: 424B2
Source: 0001140361-25-011791
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-02
Form: 424B2
Chunk 12
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 you will lose 70.00% of the stated principal amount of your securities.

We make no representation or warranty as to which of the underlying indices will be the worst performing underlying index for the purposes of calculating your actual payment at
    maturity.

Investing in the securities involves significant risks. The securities differ from ordinary debt securities in that TD is not necessarily obligated to repay the full amount of your
    investment in the securities. If the securities are not redeemed prior to maturity and the final index value of any underlying index is less than its downside threshold level, TD will pay you a cash payment per security that will be less than the
    stated principal amount, if anything, resulting in a percentage loss on your stated principal amount that is equal to the underlying return of the worst performing underlying index. In such circumstances, the amount you receive at maturity will be less
    than 65.00% of the stated principal amount and you may lose your entire investment in the securities.

The securities will not pay a contingent quarterly coupon if the index closing value of any underlying index on any observation period end-date is less than its downside threshold
    level. The securities will not be automatically redeemed with respect to any observation period end-date in respect of which an automatic call may occur unless the index closing value of each underlying index on the relevant observation period end-date
    is greater than or equal to its respective call threshold level.

You will be exposed to the market risk of each underlying index on each trading day during each quarterly observation period (including the final observation period end-date) and any
    decline in the level of one underlying index may negatively affect your return and will not be offset or mitigated by a lesser decline or any potential increase in the level of any other underlying index.

Any payment to be made on the securities, including any repayment of principal, is dependent on TD’s ability to pay all amounts due on the securities and, therefore, investors are
    subject to the credit risk of TD. If TD becomes unable to meet its financial obligations as they become due, investors may not receive any amounts due under the terms of the securities.**

| March 2025 | Page9 |

| $7,000,000 Contingent Income Auto-Callable Securities with Daily Coupon Observation due April 5, 2028  |
| Based on the Worst Performing of the Russell 2000®Index, the S&P 500®Index and the EURO STOXX 50®Index 
 Principal at Risk Securities                                                                           |

Risk Factors