Company: TDBCP
Filing Date: 2025-06-25
Form Type: 424B2
Source: 0001140361-25-023591
Chunk: 13

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-25
Form: 424B2
Chunk 13
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 and management, and shares subject to foreign ownership restrictions. Calculation of the Country Indices Each Country Index is a free float-adjusted market capitalization index that is designed to measure the market performance, including price performance, of the equity securities in that country. Each Country Index is calculated in the relevant local currency as well as in U.S. dollars, with price, gross and net returns. Each component is included in the relevant Country Index at a weight that reflects the ratio of its free float-adjusted market capitalization (i.e., free public float multiplied by price) to the free float-adjusted market capitalization of all the components in that Country Index. The sponsor of the Underlying Index defines the free float of a security as the proportion of shares outstanding that is deemed to be available for purchase in the public equity markets by international investors.

| Accelerated Return Notes® | TS-9 |

| Accelerated Return Notes®                                                    
 Linked to the iShares®MSCI Emerging Markets ex China ETF due September, 2026 |

Calculation of the MSCI Indices The performance of a MSCI Index on any given day represents the weighted performance of all of the components included in all of the Country Indices. Each component in a MSCI Index is included at a weight that reflects the ratio of its free float-adjusted market capitalization (i.e., free public float multiplied by price) to the free float-adjusted market capitalization of all the components included in all of the Country Indices. Maintenance of and Changes to the MSCI Indices The sponsor of the Underlying Index maintains the MSCI Indices with the objective of reflecting, on a timely basis, the evolution of the underlying equity markets and segments. In maintaining the indices, emphasis is also placed on continuity, continuous investibility of the constituents, replicability, index stability and low turnover in the indices. As part of the changes to the sponsor of the Underlying Index’s methodology which became effective in May 2008, maintenance of the indices falls into three broad categories:

| • | semi-annual reviews, which will occur each May and November and will involve a comprehensive reevaluation of the market, the universe of eligible securities and other factors involved in composing the indices; |

| • | quarterly reviews, which will occur each February, May, August and November and will focus on significant changes in the market since the last semi-annual review and on including significant new eligible securities (such as IPOs, which 
 were not eligible for earlier inclusion in the indices); and                                                                                                                                                                                |

| • |