Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 3
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 Notes” and “Description of Series 33 Shares”. The Notes will not constitute deposits insured by the U.S. Federal Deposit Insurance Corporation under the U.S. Federal Deposit Insurance Act or by the Canada Deposit Insurance Corporation (“CDIC”) under the CDIC Act or any other Canadian or U.S. governmental agency or instrumentality or any other deposit insurance regime designed to ensure the payment of all or a portion of a deposit upon the insolvency of a deposit taking financial institution. Investing in the Notes (and Series 33 Shares and Common Shares upon delivery of the Corresponding Limited Recourse Trust Assets, including upon the occurrence of a Trigger Event) involves a number of risks. See “ Risk Factors” beginning on page S-11of this prospectus supplement and page 1 of the accompanying base prospectus. Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of the Notes, the Series 33 Shares or the Common Shares or determined that this prospectus supplement or the accompanying base prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

|                                           |     | Notes   |     |   |     |       |
|                                           |     | Per     
 Note(1) |     |   |     | Total |
| Price to the public(2)                    |     |         |     | % |     | US$   |
| Underwriting commissions                  |     |         |     | % |     | US$   |
| Net proceeds to The Toronto-Dominion Bank |     |         |     | % |     | US$   |

| (1) | The Notes will be issued only in minimum denominations of US$200,000 and in integral multiples of US$1,000 in 
 excess thereof.                                                                                               |

| (2) | The price to the public also will include interest accrued on the Notes, if any, 
 from    , 2025 to the date of delivery.                                          |

In order to qualify as “Additional Tier 1” capital of the Bank within the meaning of the regulatory capital adequacy requirements to which the Bank is subject, the Notes and the Series 33 Shares must satisfy certain requirements. These requirements include, among other things, that (i) the Notes and the Series 33 Shares have a minimum par or stated value of US$1,000, (ii) the Notes and the Series 33 Shares must be traded on institutional desks and therefore may not