Company: TDBCP
Filing Date: 2025-03-19
Form Type: 424B2
Source: 0001140361-25-009407
Chunk: 6

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-19
Form: 424B2
Chunk 6
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 such interest rate will not be less than the Minimum Interest Rate. If the Benchmark is negative for an Interest Period, it may cause the Interest Rate for the applicable Interest Payment Date to be less than the Minimum Interest Rate, which could result in no interest being paid on the applicable Interest Payment Date. You will not be compensated for any loss in value due to inflation and other factors relating to the value of money over time. You should consider, among other things, the overall interest payable on the Notes as compared to that of our or other similar debt securities of a comparable maturity. The Notes are Subject to Interest Rate Risk and May Be More Risky Than an Investment in Notes With a Shorter Term. The Interest Rate applicable during each Interest Period may be lower than the interest rates for similar debt securities then-prevailing in the market. Accordingly, you would earn less interest on the Notes than you could earn on other investments with a similar level of risk available at such time. The value of your Notes may decline during a period of falling interest rates and the amount that you would receive for them in any secondary market transaction if you tried to sell them would be adversely affected. We have no control over a number of factors that may affect market interest rates, including geopolitical conditions and economic, financial, political, regulatory, judicial and other events that affect markets generally that are important in determining the existence, magnitude and longevity of these risks and their results. You will bear greater exposure to fluctuations in interest rates than if you purchased a similar investment with a shorter term. Any payments on the Notes, including any Interest Payment and the repayment of the Principal Amount at maturity, may not fully compensate you for any loss in value due to inflation and other factors relating to the value of money over time.

| TD SECURITIES (USA) LLC | P-6 |

Risks Relating to the Interest Rate The Interest Rate, and Therefore The Market Value of, and Return on, the Notes, May be Volatile and Will Be Affected by a Number of Factors. SOFR, and therefore the Interest Rate and the market value of, and return on, the Notes, are subject to volatility due to a variety of factors, including but not limited to:

| ◾ | interest and yield rates in the market; |

| ◾ | general economic conditions; |

| ◾ | policies of the U.S. Federal Reserve Board regarding interest rates; |

| ◾ | sentiment regarding underlying strength in the U.S. and global economies; |

| ◾ | expectations regarding the