Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 10
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 Evaluation of the Merits of an Investment Linked to the Applicable Interest Rate Basis.

In the ordinary course of their business, we or our affiliates may have expressed views on expected movements in any interest rate basis, and
may do so in the future. These views or reports may be communicated to our clients and clients of our affiliates. However, these views are subject to change from time to time. Moreover, other professionals who transact business in markets relating
to any interest rate basis may at any time have significantly different views from those of us and our affiliates. For these reasons, you are encouraged to derive information concerning any applicable interest rate basis from multiple sources, and
you should not rely on views expressed by us or our affiliates.

The Method Used by the Publisher of an Interest Rate Basis May Change in the Future.

The publisher of one or more of the interest rates basis for your notes may change the manner in which an interest rate
basis is calculated. Any such changes could occur after the issue date of your notes, and may decrease the amounts of the payments that you receive on the notes. For example, in 2021 the United Kingdom Financial Conduct Authority (the
“FCA”) announced that all London Inter-Bank Offered Rate (“LIBOR”) settings would either cease to be provided by any administrator or no longer be representative immediately after (i) December 31, 2021, in the case of
the 1-week and 2-month US dollar settings and (ii) June 30, 2023, in the case of the remaining US dollar settings. Unless otherwise set forth in the applicable
pricing supplement, we will not have any obligation to compensate you for any reductions of this kind.

The CPI May Change Unpredictably Due to Changes in Consumer Prices or to the Method by which the Bureau of Labor Statistics (“BLS”) Calculates the CPI.

Market
prices of the consumer items underlying the CPI may fluctuate based on numerous factors, including: changes in supply and demand relationships; weather; agriculture; trade; fiscal, monetary, and exchange control programs; domestic and foreign
political and economic events and policies; disease; technological developments; and changes in interest rates. Additionally, the method by which BLS calculates the CPI is subject to change. BLS monitors changing buying habits on an annual basis
and, based on census data every ten years, monitors to ensure its geographic sample accurately reflects the current population distribution and other demographic factors. In addition, as a matter of policy, BLS continually researches