Company: TDBCP
Filing Date: 2025-04-01
Form Type: 424B2
Source: 0001140361-25-011516
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-01
Form: 424B2
Chunk 9
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 defined below under “Supplemental Discussion of Canadian Tax Consequences”) for Canadian federal income tax purposes or if you acquire the notes in the secondary market, you should consult your tax advisors as to the consequences of   
 acquiring, holding and disposing of the notes and receiving the payments that might be due under the notes.                                                                                                                                   |

Additional Risk Factors Additional Market Measure-Related Risks The Basket Stocks are concentrated in one sector.All of the Basket Stocks are issued by companies in the financial sector. Although an investment in the notes will not give holders any ownership or other direct interests in the Basket Stocks, the return on an investment in the notes will be subject to certain risks associated with a direct equity investment in companies in the financial services sector. Accordingly, by investing in the notes, you will not benefit from the diversification which could result from an investment linked to companies that operate in multiple sectors. Adverse conditions in the financial sector may reduce your return on the notes.All of the Basket Stocks are issued by companies whose primary lines of business are directly associated with the financial services sector. The profitability of these companies is largely dependent on the availability and cost of capital funds, and can fluctuate significantly, particularly when market interest rates change. Credit losses resulting from financial difficulties of these companies’ customers can negatively impact the sector. In addition, adverse international economic, business, or political developments, including with respect to the insurance sector, or to real estate and loans secured by real estate, could have a major effect on the value of the Basket. As a result of these factors, the value of the notes may be subject to greater volatility and be more adversely affected by economic, political, or regulatory events relating to the financial services sector.

| Autocallable Strategic Accelerated Redemption Securities® | TS-8 |

| Autocallable Strategic Accelerated Redemption Securities®Linked to a Basket of Three Financial Sector Stocks, due April  , 2028 |

Economic conditions have adversely impacted the stock prices of many companies in the financial services sector, and may do so during the term of the notes.In the past, international economic conditions have resulted, and may continue to result, in significant losses among many companies that operate in the financial services sector. These conditions have also resulted, and may continue to result, in a high degree of volatility in the stock prices of financial institutions, and substantial fluctuations in the profitability of these companies. Numerous financial services companies have experienced substantial decreases in the value of their assets, taken action to raise capital (including the issuance of debt or equity securities