Company: TDBCP
Filing Date: 2025-01-29
Form Type: 424B2
Source: 0001140361-25-002331
Chunk: 6

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-29
Form: 424B2
Chunk 6
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 of the Reference Asset on the Valuation
    Date or at other times during the term of the Notes may be higher than the Final Price, the Payment at Maturity, if any, will be based solely on the Closing Price of the Reference Asset on the Valuation Date as
    compared to the Initial Price.**

<div align='center'>**Risks Relating to Characteristics of the Reference Asset**</div>

**There Are Market Risks Associated with the Reference Asset.

The price of the Reference Asset can rise or fall sharply due to factors specific to the Reference Asset, its sponsor (the “Sponsor”) and the Reference Asset Constituents and their issuers (the
    “Reference Asset Constituent Issuers”), such as stock price volatility, earnings, financial conditions, corporate, industry and regulatory developments, management changes and decisions and other events, as well as general market factors, such as
    general stock market volatility and levels, interest rates and economic and political conditions. You, as an investor in the Notes, should make your own investigation into the Sponsor and the Reference Asset for your Notes. For additional information,
    see “Information Regarding the Reference Asset” in this pricing supplement and the SEC filings with respect to the Reference Asset. We urge you to review financial and other information filed with the SEC periodically with respect to the Reference Asset.

You Will Have No Rights That a Holder of Shares of the Reference Asset or any Reference Asset Constituent Would Have and You Will Not Be Entitled to Dividends or Other Distributions by
    the Sponsor or any Reference Asset Constituent Issuer.

The Notes are our debt securities. They are not equity instruments, shares of stock, or securities of any other issuer. Your return on the Notes is limited to the Maximum Upside Return regardless of any
    percentage increase in the Reference Asset beyond the Maximum Upside Return, which may be significant, even though you are subject to its downside market risk if the Final Price is less than the Buffer Price. Unless and until you receive the Physical
    Delivery Amount on the Maturity Date, investing in the Notes will not make you a holder of shares of the Reference Asset or any Reference Asset Constituent and you will not have any voting rights, any rights to
    receive dividends or other distributions, or any rights against the Sponsor or any Reference Asset Constituent Issuer. As a result, the return on your Notes will not reflect the return you would realize if you actually owned shares of the Reference
    Asset or any Reference Asset