Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001140361-25-007568
Chunk: 38

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B3
Chunk 38
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#### Ending Value
” of the Basket will be the Observation Level on the final Observation Date.

The calculation agent will calculate the value of the Basket for the applicable Observation Date by summing the products of the Closing Market Price of each Basket Stock on that day multiplied by its Price Multiplier on that day and the Component Ratio for each Basket Stock. The value of the Basket will vary based on the increase or decrease in the price of each Basket Stock. Any increase in the price of a Basket Stock (assuming no change in the price of the other Basket Stock or Basket Stocks) will result in an increase in the value of the Basket. Conversely, any decrease in the price of a Basket Stock (assuming no change in the price of the other Basket Stock or Basket Stocks) will result in a decrease in the value of the Basket. Unless otherwise specified in applicable the term sheet, if, for any Basket Stock (an “ Affected Basket Stock”), the calculation agent determines that (i) a Market Disruption Event occurs on a scheduled Observation Date, or (ii) any such date is determined by the calculation agent not to be a trading day by reason of an extraordinary event, occurrence, declaration, or otherwise (any such day in either (i) or (ii) being a “ non-calculation day”), the calculation agent will determine the Closing Market Prices of the Basket Stocks for such non-calculation day, and as a result, the Ending Value or the relevant Observation Level, if applicable, as follows:

| • | The Closing Market Price of each Basket Stock that is not an Affected Basket Stock will be its Closing Market Price on such non-calculation day. |

| • | The Closing Market Price of each Basket Stock that is an Affected Basket Stock for the applicable non-calculation day will be determined in the same manner as described in |

<div align='center'>PS-31</div>

| the sixth paragraph of “— Automatic Call”,provided that references to “Observation Level” or “Ending Value” will be references to the “Closing Market Price of a 
 Basket Stock”.                                                                                                                                                   |

For purposes of determining whether a Market Disruption Event has occurred as to any Basket Stock, “Market Disruption Event” will have the meaning stated above
    in “— Market Disruption Events.”

#### Role of the Calculation Agent
The calculation agent has the sole discretion to make all determinations regarding the notes as described in this product supplement, including determinations
    regarding the Starting Value, the Call Level