Company: TDBCP
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0001140361-25-039685
Chunk: 26

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-29
Form: 424B2
Chunk 26
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 to its SEC file number: 001-10864, or its CIK Code: 0000731766. UnitedHealth Group’s common stock is listed on the New York Stock Exchange under the ticker symbol “UNH”. Historical Information We obtained the closing prices of the common stock of UnitedHealth Group in the graph below from Bloomberg, without independent verification. The following graph sets forth daily closing prices of the common stock of UnitedHealth Group for the period from January 1, 2020 to October 27, 2025. The closing price on October 27, 2025 was $365.98. The historical performance of the common stock of UnitedHealth Group should not be taken as an indication of the future performance of the common stock of UnitedHealth Group, and no assurance can be given as to the closing price of the common stock of UnitedHealth Group on any day during the term of the securities. We cannot give you any assurance that the performance of the common stock of UnitedHealth Group will result in any positive return on your initial investment. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

P-24

| Material U.S. Federal Income Tax Consequences |

You should carefully review the section entitled “Material U.S. Federal Income Tax Consequences” in the accompanying product supplement. The following discussion, when read in combination with that section, constitutes the full opinion of our special U.S. tax counsel, Fried, Frank, Harris, Shriver & Jacobson, LLP, regarding the material U.S. federal income tax consequences of owning and disposing of the securities. Due to the absence of statutory provisions, regulations, published rulings or judicial decisions addressing the characterization for U.S. federal income tax purposes of securities with terms that are substantially the same as the securities, no assurance can be given that the IRS or a court will agree with the tax treatment described herein. Pursuant to the terms of the securities, the Bank and you agree, in the absence of a statutory or regulatory change or an administrative determination or judicial ruling to the contrary, to characterize the securities as prepaid derivative contracts with respect to the Underlying Stocks with associated contingent coupon payments. You further agree to include any associated contingent coupon payment that is paid by the Bank (including on the stated maturity date or call settlement date) in your income as ordinary income in accordance with your regular method of accounting for U.S. federal income tax purposes. If the securities are so treated, upon the taxable disposition (including cash settlement) of your securities, you generally should recognize