Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 3
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SOR/2018-57).                                                                                                                                                                                                                     |
| Conflicts of Interest: |     | TD Securities (USA) LLC is a member of Financial Industry Regulatory Authority, Inc. (“FINRA”) and an affiliate of TD and, as such, has a “conflict of interest” within the meaning of FINRA Rule 5121 in any                                             
 offer or sale of the notes by TD Securities (USA) LLC. In addition, TD will receive the net proceeds from any initial public offering of the notes, thus creating an additional conflict of interest within the meaning of FINRA Rule 5121. Consequently, 
 any such offering will be conducted in compliance with the provisions of FINRA Rule 5121. Neither TD Securities (USA) LLC nor any other FINRA member participating in an offering of the notes that has a conflict of interest will confirm initial sales 
 to any discretionary accounts over which it has authority without the prior specific written approval of the customer.                                                                                                                                    |

S-3

RISK FACTORS

An investment in the notes is subject to the risks described below, as well as the risks described in the applicable pricing supplement and under “Risk Factors” in the accompanying prospectus. You should carefully consider whether the notes are suited to your particular circumstances. This prospectus supplement should be read together with the accompanying prospectus and the applicable pricing supplement. The information in the accompanying prospectus is supplemented by, and to the extent inconsistent therewith replaced and superseded by, the information in this prospectus supplement and the applicable pricing supplement. This section describes the most significant risks relating to the terms of the notes. We urge you to read the following information about these risks, together with the other information in this prospectus supplement and the accompanying prospectus and the applicable pricing supplement, before investing in the notes.

Risks Relating to the Notes in General

An Investment in the Notes Is Subject to Our Credit Risk, and Changes in Our Credit Ratings Are Expected to Affect the Market Value of the Notes.

An investment in any of the notes issued under our senior medium-term note program, which are TD’s senior unsecured debt
securities, is subject to our credit risk. As a result, your receipt of each interest payment, if any, and the amount due on the maturity date is dependent upon TD’s ability to repay its obligations as of each payment date. Accordingly, if TD
becomes unable to meet its financial obligations as they become due, you may not receive any amounts due under the terms of the notes.