Company: TDBCP
Filing Date: 2025-03-27
Form Type: 424B2
Source: 0001140361-25-010608
Chunk: 23

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-27
Form: 424B2
Chunk 23
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 the target index. The SPY Trust may or may not hold all of the securities that are included in the target index. Select information regarding the SPY Trust’s expense ratio and its top constituents, country, industry and/or sector weightings may be made available on the SPY Trust’s website. Expenses of the SPY Trust reduce the net asset value of the assets held by the SPY Trust and, therefore, reduce the value of the shares of the SPY Trust. Shares of the SPY Trust are listed on the NYSE Arca under the ticker symbol “SPY”. Information from outside sources including, but not limited to the prospectus related to the SPY Trust and any other website referenced in this section, is not incorporated by reference in, and should not be considered part of, this document or any document incorporated herein by reference. We have not undertaken an independent review or due diligence of any publicly available information with respect to the SPY Trust or the target index. Information filed by the SPY Trust with the SEC, including the prospectus for the SPY Trust, can be found by reference to its SEC file numbers: 033-46080 and 811-06125 or its CIK Code: 0000884394.

| TD SECURITIES (USA) LLC | P-19 |

Historical Information The graph below illustrates the performance of SPY from March 25, 2015 through March 25, 2025. The dotted lines represent its Call Threshold Value of $575.46, which is equal to 100.00% of its Initial Value, and its Contingent Interest Barrier Value and Barrier Value of $402.822, which is equal to 70.00% of its Initial Value. We obtained the information regarding the historical performance of the Reference Asset in the graph below from Bloomberg. We have not independently verified the accuracy or completeness of the information obtained from Bloomberg. The historical performance of the Reference Asset should not be taken as an indication of its future performance, and no assurance can be given as to the Closing Value of the Reference Asset on any date or that the performance of the Reference Asset will result in a positive return on your initial investment. SPDR ®S&P 500 ®ETF Trust (SPY) PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

| TD SECURITIES (USA) LLC | P-20 |

Material U.S. Federal Income Tax Consequences The U.S. federal income tax consequences of your investment in the Notes are uncertain