Company: TDBCP
Filing Date: 2025-05-06
Form Type: 424B2
Source: 0001140361-25-017468
Chunk: 29

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-06
Form: 424B2
Chunk 29
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 of the securities and the genuineness of signatures and certain       
 factual matters, all as stated in the opinion of Fried, Frank, Harris, Shriver & Jacobson LLP filed as Exhibit 5.3 to the registration statement on Form F-3 filed by TD on December 20, 2024.                                                   
 In the opinion of McCarthy Tétrault LLP, the issue and sale of the securities has been duly authorized by all necessary corporate action on the part of TD, and when this pricing supplement                                                     
 has been attached to, and duly notated on, the master note that represents the securities, the securities will have been validly executed and issued and, to the extent validity of the securities is a matter governed by the laws of the       
 Province of Ontario, or the laws of Canada applicable therein, will be valid obligations of TD, subject to the following limitations: (i) the enforceability of the indenture is subject to bankruptcy, insolvency, reorganization, arrangement, 
 winding up, moratorium and other similar laws of general application limiting the enforcement of creditors’                                                                                                                                      |

| May 2025 | Page30 |

| $16,066,000 Callable Contingent Income Securities with Daily Coupon Observation due May 6, 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                                                                    |

| rights generally; (ii) the enforceability of the indenture is subject to general equitable principles, including the fact that the availability of equitable remedies,                                                                             
 such as injunctive relief and specific performance, is in the discretion of a court; (iii) courts in Canada are precluded from giving a judgment in any currency other than the lawful money of Canada; and (iv) the enforceability of the         
 indenture will be subject to the limitations contained in the Limitations Act, 2002 (Ontario), and such counsel expresses no opinion as to whether a court may find any provision of the indenture to be unenforceable as an attempt to vary or    
 exclude a limitation period under that Act. This opinion is given as of the date hereof and is limited to the laws of the Province of Ontario and the federal laws of Canada applicable thereto. In addition, this opinion is subject to: (i) the  
 assumption that the senior indenture has been duly authorized, executed and delivered by, and constitutes a valid and legally binding