Company: TDBCP
Filing Date: 2025-05-06
Form Type: 424B2
Source: 0001140361-25-017465
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-06
Form: 424B2
Chunk 12
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 such features. In particular, you may be 
 negatively affected if prevailing interest rates begin to rise as discussed in the preceding risk factor, and the contingent quarterly coupon rate on the securities may be less than the amount of interest you could earn on other investments                                                                                                                                                                                                 
 with asimilarlevel of risk available at such time. In addition, if you tried to sell your securities at such time, the value of your securities in any secondary market transaction would also be                                                                                                                                                                                                                                                
 adversely affected. Conversely, in the event that prevailing interest rates are low relative to the contingent quarterly coupon rate and TD elects to redeem the securities, there is no guarantee that you will be able to reinvest the                                                                                                                                                                                                         
 proceeds from an investment in the securities at a comparable rate of return for a similar level of risk.                                                                                                                                                                                                                                                                                                                                        |

| ◾ | The contingent quarterly coupon, if any, is based solely on the index closing value of each underlying index on each trading day during the related quarterly observation period.Whether the contingent quarterly coupon will be paid on any contingent coupon payment date will be determined at the end of the relevant quarterly observation period, based on the index closing value of each 
 underlying index oneach trading dayduring the relevant observation period. If the index closing value ofanyunderlying index onany trading dayduring a quarterly observation period is below the coupon threshold level for such index, you will receive no coupon for the related quarterly observation period, even if the index closing value of such underlying index was at or above         
 its respective coupon threshold level on most or all of the other trading days during that quarterly observation period and even if the index closing values of the other underlying indices were at or above the coupon threshold levels for                                                                                                                                                    
 such indices on each trading day during that quarterly observation period.                                                                                                                                                                                                                                                                                                                       |

| ◾ | Your potential return on the securities is limited, you will not participate in any appreciation of the underlying indices and you will not realize a return beyond the returns represented by the                                              
 contingent quarterly coupons received, if any, during the term of the securities.The return potential of the securities is limited to the contingent quarterly coupons, regardless of the appreciation of the underlying indices. In            
 addition, your return on the securities will vary based on the number of quarterly observation period on which the requirements of the contingent quarterly coupon have been met prior to maturity or an issuer call. Furthermore, if TD elects 
 to redeem the securities prior to maturity, you will not receive any contingent quarterly coupons or any other payment in respect of any quarterly observation periods after the