Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001140361-25-007568
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B3
Chunk 3
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**If the notes are not called, your investment may result in a loss; there is no guaranteed return of principal. There is no
    fixed principal repayment amount on the notes at maturity. The return on the notes will be based on the performance of the Market Measure. If the notes are not called and the Ending Value is less than the Threshold Value, then you will receive a
    Redemption Amount at maturity that will be less than the principal amount of your notes and, if the Threshold Value is equal to 100% of the Starting Value, could be zero. You may lose some or all of your investment in the notes.

Your return on the notes may be less than the yield on a conventional fixed or floating rate debt security of comparable maturity. There will be no periodic interest payments on the notes as there would be on a conventional fixed-rate or floating-rate debt security having the same maturity. Any return that you receive on the notes may be less than the return you would earn if you
    purchased a conventional debt security with the same maturity date. As a result, your investment in the notes may not reflect the full opportunity cost to you when you consider factors, such as inflation, that affect the time value of money.

Your investment return will be limited to the return represented by the applicable Call Premium and may be less than a comparable investment directly in the Market Measure. Your return on the notes will only be positive if the notes are called and, in that case, will be equal to, the applicable Call Premium, regardless of the extent of the increase in the value of the
    Market Measure. Furthermore, whether the notes are automatically called or not, you will not be able to participate in any increase in the Market Measure. In contrast, a direct investment in the Market Measure would allow you to receive the full
    benefit of any appreciation in the value of the Market Measure.

In addition, unless otherwise set forth in the applicable term sheet, or in the event of an adjustment as described in “Description of the Notes––Anti-Dilution
    Adjustments” of this product supplement, the Observation Levels and the Ending Value will not reflect the value of dividends paid, or distributions made, on an Underlying Stock, or any other rights associated with an Underlying Stock. Thus, any return
    on the notes will not reflect the return you would realize if you actually owned shares of an Underlying Stock.**

#### Reinvestment Risk.
Because the notes could be called as early as the first Observation Date, the