Company: TDBCP
Filing Date: 2025-04-02
Form Type: 424B2
Source: 0001140361-25-011791
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-02
Form: 424B2
Chunk 17
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/or downside threshold level. Therefore, it is more likely that you will (a) not receive any contingent quarterly coupons and/or (b) receive an amount in cash that is worth less than your stated principal amount on 
 the maturity date than would have been the case had the securities been linked to only one underlying index. In addition, if the performances of the underlying indices are not correlated to each other, the risk that the index closing value (on  
 any trading day during the quarterly observation period) or the final index value, as applicable, ofanyunderlying index is less than its coupon threshold level or downside threshold level is even                                                  
 greater.                                                                                                                                                                                                                                             |

<div align='center'>**Risks Relating to Characteristics of the Underlying Indices**</div>

| ■ | The level of each underlying index will be affected by various factors that interact in complex and unpredictable ways.The return on the securities, which may be negative, is linked to the                                                        
 performance of each underlying index and indirectly linked to the value of the index constituent stocks. The level of each underlying index can rise or fall sharply due to factors specific to such underlying index or its index constituent      
 stocks and their issuers (the “index constituent stock issuers”), such as stock or commodity price volatility, earnings, financial conditions, corporate, industry and regulatory developments, management changes and decisions and other events,  
 as well as general market factors, such as general stock market or commodity market volatility and levels, interest rates and economic and political conditions. You, as an investor in the securities, should make your own investigation into the 
 underlying indices and the index constituent stocks.                                                                                                                                                                                                |

| ■ | There can be no assurance that the investment view implicit in the securities will be successful.It is impossible to predict whether and the extent to which the levels of the underlying indices will                                              
 rise or fall and there can be no assurance that the index closing values ofallof the underlying indices on each trading day during any quarterly observation period will be greater than or equal to                                                
 their coupon threshold levels, or, if the securities are not redeemed prior to maturity, that the final index value ofallof the underlying indices on the final valuation date will be greater than or                                              
 equal to their downside threshold levels. The levels of the underlying indices will be influenced by complex and interrelated political, economic, financial and other factors that affect the index constituent stock issuers. You should be       
 willing to accept the risks associated with the relevant markets tracked by each underlying index in general and each index