Company: TDBCP
Filing Date: 2025-01-21
Form Type: 424B2
Source: 0001140361-25-001499
Chunk: 27

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-21
Form: 424B2
Chunk 27
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 of any publicly available information regarding the TLT Fund or the Target Index. The TLT Fund is one of the investment portfolios that constitute the iShares Trust. The TLT Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Target Index, which measures the performance of public fixed rate obligations of the U.S. Treasury that have a remaining maturity greater than or equal to twenty years and at least $300 million par amount outstanding (excluding zero-coupon STRIPS). The Target Index is market capitalization-weighted based on amounts outstanding reduced by amounts held by the Federal Reserve’s System Open Market Account (“SOMA”) and does not include new issuances bought at auction by the Federal Reserve. The Target Index is updated on the last calendar day of each month. Prior to March 31, 2016, the TLT Fund tracked the Bloomberg Barclays U.S. 20+ Year Treasury Bond Index. The TLT Fund generally invests at least 80% of its assets in the Reference Asset Constituents and at least 90% of its assets in U.S. Treasury securities that the Investment Adviser believes will help the TLT Fund track the Target Index. The TLT Fund may invest up to 10% of its assets in futures, options and swaps contracts that the Investment Adviser believes will help the TLT Fund track the Target Index, along with cash and cash equivalent investments associated with a derivative position. Shares of the TLT Fund are listed on the Nasdaq Global Market under ticker symbol “TLT”. Information from outside sources including, but not limited to the prospectus related to the TLT Fund and any other website referenced in this section, is not incorporated by reference in, and should not be considered part of, this document or any document incorporated herein by reference. Information filed by the iShares Trust with the SEC, including the prospectus for the TLT Fund, can be found by reference to its SEC file numbers: 333-92935 and 811-09729.

| TD SECURITIES (USA) LLC | P-18 |

Historical Information The graph below illustrates the performance of TLT from January 17, 2015 through January 17, 2025. The dotted lines represent its Call Threshold Value of $87.19, which is equal to 100.00% of its Initial Value, and its Barrier Value of $54.0578, which is equal to 62.00% of its Initial Value. We