Company: TDBCP
Filing Date: 2025-03-21
Form Type: 424B2
Source: 0001140361-25-009853
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-21
Form: 424B2
Chunk 4
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 security of TD of comparable maturity. Your investment may not reflect the full opportunity cost to you when you take into account factors that affect the time value of money. Your Potential Return on the Notes Is Fixed and Limited to the Digital Return and You Will Not Participate in Any Increase in the Price of any Reference Asset. Your potential return on the Notes is fixed and is limited to the Digital Return. You will receive the Digital Return only if the Final Price of each Reference Asset is greater than or equal to its Initial Price. You will not participate in any appreciation of any Reference Asset, which may be significant, even though you will be exposed to the downside market risk of the Least Performing Reference Asset. Accordingly, your return on the Notes may be less than your return would be if you made an investment in a note directly linked to the performance of the Least Performing Reference Asset. The Return on Your Notes May Change Significantly Despite Only a Small Change in the Final Price of the Least Performing Reference Asset. If the Final Price of any Reference Asset is less than its Initial Price, you will receive less than the Principal Amount of your Notes and you will lose a significant portion or all of your investment in the Notes. This means that while a Final Price that is greater than or equal to its Initial Price with respect to each Reference Asset will result in a positive return equal to the Digital Return, any additional decrease in the Final Price of any Reference Asset to below its Initial Price will instead result in a loss, based on its Final Price, of 1% of the Principal Amount of the Notes for each 1% that the Final Price of the Least Performing Reference Asset is less than its Initial Price, up to the entire Principal Amount of your Notes.

| TD SECURITIES (USA) LLC | P-3 |

The Amount Payable and/or Deliverable on the Notes is not Linked to the Price of any Reference Asset at any Time Other than on the Valuation Date Any payment and/or delivery on the Notes will be based on the Final Price of each Reference Asset and, specifically, the Final Price of the Least Performing Reference Asset, which in each case will be its Closing Price on the Valuation Date. If the price of each Reference Asset prior to the Valuation Date remains greater than or equal to its Initial Price, but then the price of any Reference Asset adversely changes as of the Valuation Date, the Payment at Maturity, if any, may be significantly less than it would have been had the Payment at Maturity been linked to the price of such