Company: TDBCP
Filing Date: 2025-10-22
Form Type: 424B2
Source: 0001140361-25-038964
Chunk: 24

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-22
Form: 424B2
Chunk 24
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 receives during a taxable year are different from the amount reflected in the projected payment schedule, then the U.S. holder is required to make adjustments in its OID accruals under the noncontingent bond method with respect to such taxable year. Adjustments arising from contingent payments that are greater than the assumed amounts of those payments are referred to as “positive adjustments”; adjustments arising from contingent payments that are less than the assumed amounts are referred to as “negative adjustments”. Positive and negative adjustments are netted for each taxable year with respect to each Note. Any net positive adjustment for a taxable year is treated as additional OID income of the U.S. holder. Any net negative adjustment reduces any OID on a Note for the taxable year that would otherwise accrue. Any excess is then treated as a current-year ordinary loss to the U.S. holder to the extent of OID accrued on the Note in prior years. The balance, if any, is treated as a negative adjustment on the Note in subsequent taxable years and, to the extent that it has not previously been taken into account, reduces the amount realized upon a taxable disposition of the Note.

| TD SECURITIES (USA) LLC | P-19 |

We have determined that the comparable yield for the Notes is equal to 4.31% per annum, compounded monthly. Based on our determination of the comparable yield, the “projected payment schedule” per $1,000 principal amount Note consists of the following payments:

| November 25, 2025  | $8.10 | February 25, 2027  | $3.66 | May 25, 2028       | $2.99 | August 23, 2029    |     $2.70 |
| December 26, 2025  | $7.04 | March 25, 2027     | $3.57 | June 23, 2028      | $2.99 | September 25, 2029 |     $2.70 |
| January 23, 2026   | $6.46 | April 23, 2027     | $3.57 | July 25, 2028      | $2.99 | October 25, 2029   |     $2.70 |
| February 25, 2026  | $5.98 | May 25, 2027       | $3.47 | August 24, 2028    | $2.99 | November