Company: TDBCP
Filing Date: 2025-06-10
Form Type: 424B2
Source: 0001140361-25-022090
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-10
Form: 424B2
Chunk 5
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 the notes and a conventional debt security. An investment in the notes involves significant risks, including those listed below. You should carefully review the more detailed explanation of risks relating to the notes in the “Risk Factors” sections beginning on page PS-6 of product supplement EQUITY ARN-1 and page 1 of the prospectus. We also urge you to consult your investment, legal, tax, accounting, and other advisors as to the risks entailed by an investment in the notes and the suitability of the notes in light of your particular circumstances before you invest in the notes. Structure-Related Risks

| ◾ | Depending on the performance of the Underlying Fund as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal. |

| ◾ | Your return on the notes may be less than the yield you could earn by owning a conventional fixed or floating rate debt security of comparable maturity. |

| ◾ | Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the Underlying Fund or the commodity held by the Underlying Fund. |

Market Measure-Related Risks

| ◾ | The sponsor and trustee of the Underlying Fund may adjust the Underlying Fund in a way that may adversely affect the value of the notes and the amount payable on the notes, and these entities have no obligation to consider your 
 interests.                                                                                                                                                                                                                          |

| ◾ | You will have no rights of a holder of the Underlying Fund or the commodity held by the Underlying Fund, and you will not be entitled to receive any shares of the Underlying Fund or the commodity held by the Underlying Fund. |

| ◾ | While we, MLPF&S, BofAS or our or their respective affiliates may from time to time own shares of the Underlying Fund or the commodity held by the Underlying Fund, none of us, MLPF&S, BofAS or our or their respective affiliates 
 control the Underlying Fund, and have not verified any disclosure made by the Underlying Fund.                                                                                                                                      |

| ◾ | There are liquidity and management risks associated with the Underlying Fund. |

| ◾ | The performance of the Underlying Fund may not correlate with the performance of the commodity held by the Underlying Fund as well as the net asset value per share of the Underlying Fund, especially during periods of market volatility 
 when the liquidity and the market price of the shares of the