Company: TDBCP
Filing Date: 2025-03-31
Form Type: 424B2
Source: 0001140361-25-011407
Chunk: 7

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-31
Form: 424B2
Chunk 7
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 a comparable investment directly in the Underlying Fund or the securities held by the Underlying Fund. |

Market Measure-Related Risks

| ◾ | The sponsor and investment advisor of the Underlying Fund may adjust the Underlying Fund in a way that may adversely affect the value of the notes and the amount payable on the notes, and these entities have no obligation to consider 
 your interests.                                                                                                                                                                                                                           |

| ◾ | The sponsor of the S&P 500®Equal Weight Index (the “Underlying Index”), described below, may adjust the Underlying Index in a way that affects its level, and has no obligation to consider your interests. |

| ◾ | You will have no rights of a holder of the Underlying Fund or the securities held by the Underlying Fund, and you will not be entitled to receive any shares of the Underlying Fund or the securities held by the Underlying Fund, or any 
 dividends or other distributions in respect of the Underlying Fund or the securities held by the Underlying Fund.                                                                                                                         |

| ◾ | While we, MLPF&S, BofAS or our or their respective affiliates may from time to time own shares of the Underlying Fund or the securities held by the Underlying Fund, except to the extent that the common stock of Bank of America     
 Corporation (the parent company of MLPF&S and BofAS), is held by the Underlying Fund, none of us, MLPF&S, BofAS or our or their respective affiliates control the Underlying Fund or any company held by the Underlying Fund, and have 
 not verified any disclosure made by the Underlying Fund or any other company.                                                                                                                                                          |

| ◾ | There are liquidity and management risks associated with the Underlying Fund. |

| ◾ | The performance of the Underlying Fund may not correlate with the performance of its Underlying Index as well as the net asset value per share of the Underlying Fund, especially during periods of market volatility when the liquidity and 
 the market price of the shares of the Underlying Fund and/or the securities held by the Underlying Fund may be adversely affected, sometimes materially.                                                                                     |

| ◾ | The Redemption Amount will not be adjusted for all corporate events that could affect the Underlying Fund. See “Description of ARNs—Anti-Dilution and Discontinuance Adjustments Relating to Underlying Funds” beginning on page PS-30 of 
 product supplement EQUITY ARN-1                                                                                                                                                                                                           |

Valuation- and