Company: TDBCP
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001140361-25-001019
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-14
Form: 424B2
Chunk 4
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 the Notes. Your investment will be exposed to a loss on a leveraged basis if the Final Level of the Least Performing Reference Asset is less than its Initial Level by more than the Buffer Amount. Specifically, if the Notes are not automatically called, and therefore the Final Level of any Reference Asset is less than its Buffer Level by more than the Buffer Amount, investors will lose approximately 1.1765% of the Principal Amount of the Notes for each 1% that the Final Level of the Least Performing Reference Asset is less than its Initial Level in excess of the Buffer Amount, and may lose their entire Principal Amount. No Interest Payments. We will not pay any interest with respect to the Notes. You Will Not Receive Any Call Premium If the Closing Level of any Reference Asset on the Review Date Prior to the Final Review Date is Less than its Initial Level and the Final Level of any Reference Asset is Less than its Step-Down Call Level on the Final Review Date. You will not necessarily receive any Call Premium on the Notes.You will receive the applicable Call Premium with respect to a Review Date only if the Closing Level of each Reference Asset on the Review Date prior to the Final Review Date is greater than or equal to its Initial Level, or if the Final Level of any Reference Asset on the Final Review Date is greater than or equal to its Step-Down Call Level. If the Closing Level of any Reference Asset is less than its Initial Level on the Review Date prior to the Final Review Date and the Final Level of any Reference Asset is less than its Step-Down Call Levelon the Final Review Date, you will not receive any Call Premium and you will not receive a positive return on your Notes. The Potential Positive Return on the Notes Is Limited to the Applicable Call Premium Paid on the Notes, If Any, Regardless of Any Appreciation in the Level of Any Reference Asset. The potential positive return on the Notes is limited to the applicable Call Premium resulting from an automatic call, regardless of any appreciation in the level of any Reference Asset. Therefore, if the appreciation of any Reference Asset exceeds the applicable Call Premium, if any, actually paid on the Notes, the return on the Notes will be less than the return on a hypothetical direct investment in such Reference Asset, a security directly linked to the positive performance of such Reference Asset or a direct investment in the stocks and other assets comprising such Reference Asset (the “Reference Asset Constituents”).

| TD SECURITIES (USA) LLC | P-3 |

Any Amounts Payable on the Notes Are