Company: TDBCP
Filing Date: 2025-06-17
Form Type: 424B2
Source: 0001140361-25-022795
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-17
Form: 424B2
Chunk 2
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 | TS-2 |

| Market-Linked Step Up NotesLinked to the EURO STOXX 50®Index due August , 2026 |

The terms and risks of the notes are contained in this term sheet and in the following:

https://www.sec.gov/Archives/edgar/data/947263/000114036125022771/ef20050646_424b3.htm

http://www.sec.gov/Archives/edgar/data/947263/000119312525036639/d931193d424b5.htm These documents, including this term sheet (together, the “Note Prospectus”), have been filed as part of a registration statement with the SEC and may, without cost, be accessed on the SEC website as indicated above or obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) or BofAS by calling 1-800-294-1322. Before you invest, you should read the Note Prospectus, including this term sheet, for information about us and this offering. Any prior or contemporaneous oral statements and any other written materials you may have received are superseded by the Note Prospectus. Capitalized terms used but not defined in this term sheet have the meanings set forth in product supplement EQUITY SUN-1. In the event of any conflict the following hierarchy will govern: first, this term sheet; second, product supplement EQUITY SUN-1; and last, the prospectus. Unless otherwise indicated or unless the context requires otherwise, all references in this document to “we,” “us,” “our,” or similar references are to TD. Investor Considerations

You may wish to consider an investment in the notes if:

| ■ | You anticipate that the Index will not decrease from the Starting Value to the Ending Value. |

| ■ | You are willing to risk loss of principal and return if the level of the Index decreases from the Starting Value to the Ending Value. |

| ■ | You are willing to forgo interest payments that are paid on conventional, interest-bearing debt securities. |

| ■ | You are willing to forgo dividends or other benefits of owning the stocks included in the Index. |

| ■ | You are willing to accept a limited or no market for sales prior to maturity, and understand that the market prices for the notes, if any, will be affected by various factors, including our actual and perceived 
 creditworthiness, our internal funding rate and fees and charges on the notes.                                                                                                                                     |

| ■