Company: TDBCP
Filing Date: 2025-04-15
Form Type: 424B2
Source: 0001140361-25-013933
Chunk: 20

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-15
Form: 424B2
Chunk 20
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 and credit spreads may adversely affect the market value of the securities.Although the return on                                                                           
 the securities will be based on the performance of the underlying stock, the payment of any amount due on the securities is subject to TD’s credit risk. The securities are TD’s senior unsecured debt obligations. Investors are dependent on 
 TD’s ability to pay all amounts due on the securities and, therefore, investors are subject to the credit risk of TD and to changes in the market’s view of TD’s creditworthiness. Any decrease in TD’s credit ratings or increase in the      
 credit spreads charged by the market for taking TD’s credit risk is likely to adversely affect the market value of the securities. If TD becomes unable to meet its financial obligations as they become due, investors may not receive any    
 amounts due under the terms of the securities.                                                                                                                                                                                                 |

| April 2025 | Page14 |

| $14,131,000 Contingent Income Auto-Callable Securities due April 15, 2027                            |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index 
 Principal at Risk Securities                                                                         |

Risks Relating to Hedging Activities and Conflicts of Interest

| ■ | There are potential conflicts of interest between you and the calculation agent.The calculation agent will, among other things, determine the amounts payable on the                                                                           
 securities. 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 exercise its judgment when performing its functions and may   
 have a conflict of interest if it needs to make certain decisions. For example, the calculation agent may have to determine whether a market disruption event affecting an underlying index has occurred, and make certain adjustments if      
 certain events occur, which may, in turn, depend on the calculation agent’s judgment as to whether the event has materially interfered with our ability or the ability of one of our affiliates to unwind our hedge positions. Because this    
 determination by the calculation agent may affect the amounts payable on the securities, the calculation agent may have a conflict of interest if it needs to make a determination of this kind. For additional information on the calculation 
 agent’s role, see “General Terms of the Notes — Role of Calculation Agent” in the product supplement.                                                                                                                                          |

| ■ | The determination dates and related payment dates are subject to market disruption events and postponements.Each determination date (including the final                                                                                     
 determination date