Company: TDBCP
Filing Date: 2025-04-11
Form Type: 424B2
Source: 0001140361-25-013445
Chunk: 19

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-11
Form: 424B2
Chunk 19
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 will have in our or their proprietary accounts, in facilitating transactions, including options and other derivatives transactions, for our or their customers’ accounts and in accounts under our or their management. These trading activities could be adverse to the interests of the holders of the securities. We, the Agent and/or our other affiliates may, at present or in the future, engage in business with one or more index constituent stock issuers, including making loans to or providing advisory services to those companies. These services could include investment banking and merger and acquisition advisory services. These business activities may present a conflict between our, the Agent’s and/or our other affiliates’ obligations, and your interests as a holder of the securities. Moreover, we, the Agent and/or our other affiliates may have published, and in the future expect to publish, research reports with respect to an underlying index or one or more index constituent stocks. This research is modified from time to time without notice and may express opinions or provide recommendations that are inconsistent with purchasing or holding the securities. Any of these activities by us and/or our other affiliatesmay affect the value of an underlying index and, therefore, the market value of, and any amounts payable on, the securities.

| ■ | The calculation agent will have significant discretion with respect to the securities, which may be exercised in a manner that is adverse to your interests. We will serve as the calculation agent                                             
 and may appoint a different calculation agent after the original issue date without notice to you. The calculation agent will determine whether the contingent quarterly coupon is payable to you on any contingent coupon payment date and the 
 payment at maturity of the securities, if any, based on observed index closing values of the underlying indices. The calculation agent can postpone the determination of the index closing value or final index value of an underlying index    
 (and therefore the related contingent coupon payment date or maturity date, as applicable) if a market disruption event occurs and is continuing with respect to such underlying index on any determination date (including the final           
 determination date).                                                                                                                                                                                                                            |

Risks Relating to Canadian and U.S. Federal Income Taxation

| ■ | Significant aspects of the tax treatment of the securities are uncertain.Significant aspects of the U.S. tax treatment of the securities are uncertain. You should read carefully the section       
 entitled “Material U.S. Federal Income Tax Consequences” herein and in the product supplement. You should consult your tax advisor as to the tax consequences of your investment in the securities. |

For a discussion of the Canadian federal income tax consequences of investing in