Company: TDBCP
Filing Date: 2025-04-11
Form Type: 424B2
Source: 0001140361-25-013445
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-11
Form: 424B2
Chunk 17
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 result, the difference between bid and ask prices for your securities in any secondary market could be substantial. If you sell your securities before the maturity date, you may have to do so at a substantial discount  
 from the public offering price irrespective of the price of the underlying stock, and as a result, you may suffer substantial losses.                                                                                                          |

| ■ | If the value of the underlying index changes, the market value of your securities may not change in the same manner.Your securities may trade quite differently from the performance of the                                                  
 underlying index. Changes in the value of the underlying index may not result in a comparable change in the market value of your securities. Even if the closing value of the underlying index remains greater than or equal to the downside 
 threshold level or increases to greater than the call threshold level during the term of the securities, the market value of your securities may not increase by the same amount and could decline.                                          |

Risks Relating to General Credit Characteristics

| ■ | Investors are subject to TD’s credit risk, and TD’s credit ratings and credit spreads may adversely affect the market value of the securities.Although the return on the securities will be based                                                
 on the performance of the underlying stock, the payment of any amount due on the securities is subject to TD’s credit risk. The securities are TD’s senior unsecured debt obligations. Investors are dependent on TD’s ability to pay all        
 amounts due on the securities and, therefore, investors are subject to the credit risk of TD and to changes in the market’s view of TD’s creditworthiness. Any decrease in TD’s credit ratings or increase in the credit spreads charged by the  
 market for taking TD’s credit risk is likely to adversely affect the market value of the securities. 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.                                                                                                                                                                                                                                      |

| April 2025 | Page14 |

| $3,382,000 Contingent Income Auto-Callable Securities due April 14, 2027                             |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index 
 Principal at Risk Securities                                                                         |

Risks Relating to Hedging Activities and Conflicts of Interest

| ■ | There are potential conflicts of interest between you and the calculation agent.The calculation agent will, among other things, determine the amounts payable on the securities. We will serve as                                               
 the calculation agent