Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001140361-25-007568
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B3
Chunk 5
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, we, the agents, and our or their respective affiliates may have expressed views on expected movements in an Underlying Stock, and may do so in the future. These views or reports may be communicated to our clients and
    clients of these entities. However, these views are subject to change from time to time. Moreover, other professionals who deal in markets relating to an Underlying Stock may at any time have significantly different views from our views and the views
    of these entities. For these reasons, you are encouraged to derive information concerning an Underlying Stock from multiple sources, and you should not rely on our views or the views expressed by these entities.

As a holder of the notes, you will have no rights that a holder of any Underlying Stock may have, and you will not be entitled to receive dividends or other distributions by any Underlying Company. The notes are our debt securities.  They are not equity instruments, shares of stock, or securities of any other issuer.  Investing in the notes will not make you a holder of any Underlying
    Stock.  You will not have any voting rights, any rights to receive dividends or other distributions, or any other rights with respect to any Underlying Stock. As a result, the return on your notes may not reflect the return you would realize if you
    actually owned shares of any Underlying Stock and received the dividends paid or other distributions made in connection with them.  Your notes will be paid in cash and you have no right to receive any shares of an Underlying Stock.

If shares of an Underlying Company are also listed on a foreign exchange, your return may be affected by factors affecting international securities markets. The value of securities traded outside of the U.S. may be adversely affected by a variety of factors relating to the relevant securities markets. Factors which could affect those markets, and therefore the
    return on your notes, include:**

<div align='center'>PS-8</div>

| • | Market Liquidity and Volatility.The relevant foreign securities markets may be less liquid and/or more volatile than U.S. or other securities markets 
 and may be affected by market developments in different ways than U.S. or other securities markets.                                                   |

| • | Political, Economic, and Other Factors.The prices and performance of securities of companies in foreign countries may be affected by political,                                                                                                   
 economic, financial, public health, social and other factors in those regions. Direct or indirect government intervention to stabilize a particular securities market and cross-shareholdings