Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001140361-25-007568
Chunk: 15

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B3
Chunk 15
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 “discount,” and reflects expectations 
 concerning the value of the Market Measure during the term of the notes. As the time to maturity, or if applicable, the next Observation Date, decreases, this disparity will likely decrease, such that the market value of the notes will       
 approach the expected Redemption Amount to be paid at maturity, or if applicable, the Call Amount to be paid at the next Call Settlement Date.                                                                                                    |

#### Conflict-Related Risks
**Trading and hedging activities by us, the agents, and our or their respective affiliates may affect the market value of, and any amount payable on, the notes. We, the agents, and our or their respective affiliates may buy or sell shares of an Underlying Stock, futures or options contracts, or exchange-traded instruments on an Underlying Stock, or other listed or over-the-counter derivative
    instruments linked to an Underlying Stock. We, the agents, and our or their respective affiliates may execute such purchases or sales for our own or their own accounts, for business reasons, or in connection with hedging our obligations under the
    notes. These transactions could adversely affect the price of an Underlying Stock in a manner that could be adverse to your investment in the notes. On or before the applicable pricing date, any purchases or sales by us, the agents, and our or their
    respective affiliates, or others on our or their behalf (including those for the purpose of hedging some or all of our anticipated exposure in connection with the notes) may increase the price of an Underlying Stock. Consequently, the price of that
    Underlying Stock may decrease subsequent to the pricing date of an issue of the notes, which may adversely affect the market value of, and any amount payable on, the notes.**

<div align='center'>PS-14</div>

**We, the agents, or one or more of our or their respective affiliates expect to also engage in hedging activities that could increase the price of an Underlying
    Stock on the applicable pricing date. In addition, these activities, including the unwinding of a hedge, may decrease the market value of your notes prior to maturity or an automatic call, including on each Observation Date, and may adversely affect
    whether the notes will be called on an Observation Date or may reduce the Redemption Amount. We, the agents, or one or more of our or their respective affiliates may purchase or otherwise acquire a long or short position in the notes, and may hold or
    resell the notes