Company: TDBCP
Filing Date: 2025-04-03
Form Type: 424B3
Source: 0001140361-25-012065
Chunk: 40

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-03
Form: 424B3
Chunk 40
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 interest payments, the U.S. federal income tax treatment of the coupon will be described in the applicable term sheet. This discussion applies to you only if you acquire your ARNs upon initial issuance and hold your ARNs as capital assets within the meaning of Section 1221 of the Code for U.S. federal income tax purposes. This discussion does not apply to you if you are a member of a class of holders subject to special rules, such as:

| • | a dealer in securities or currencies, |

| • | a trader in securities that elects to use a mark-to-market method of accounting for your securities holdings, |

| • | a financial institution or a bank, |

| • | a regulated investment company (a “RIC”),REITor common trust fund, |

| • | a life insurance company, |

| • | a tax-exempt organization or an investor holding ARNs in a tax-advantaged account (such as an “Individual Retirement Account” or “Roth IRA”), 
 as defined in Section 408 or 408A of the Code, respectively,                                                                                  |

PS-33

| • | a person that owns ARNs as part of a hedging transaction, straddle, synthetic security, conversion transaction, or other integrated transaction, or enters into a “constructive sale” with respect to ARNs or a 
 “wash sale” with respect to ARNs or the Market Measure,                                                                                                                                                         |

| • | a former citizen of the U.S., |

| • | a U.S. holder (as defined below) whose functional currency for tax purposes is not the U.S. dollar, or |

| • | taxpayers subject to special tax accounting rules under Section 451(b) of the Code. |

Except as discussed under “— Non-U.S. Holders” below, this discussion is only applicable to U.S. holders. For purposes of this discussion, a U.S. holder is a beneficial owner of a ARN that is: (i) an individual who is a citizen or a resident of the U.S. for U.S. federal income tax purposes; (ii) a domestic corporation or other entity that is treated as a corporation for U.S. federal income tax purposes and is created or organized in or under the laws of the U.S. or any political subdivision thereof; (iii) an estate whose income is subject to U.S. federal income tax regardless of its source; or (iv) a trust if a court within the U.S. is able to exercise primary supervision