Company: TDBCP
Filing Date: 2025-08-28
Form Type: 424B2
Source: 0001140361-25-033074
Chunk: 23

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-28
Form: 424B2
Chunk 23
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 same weighting, which comprise the target index. The trustee on a nondiscretionary basis adjusts the composition of the QQQ Trust to conform to changes in the composition and/or weighting of securities in the target index. Although the QQQ Trust may fail to own certain securities included in the target index at any particular time, the QQQ Trust generally will be substantially invested in the securities included in the target index. The QQQ Trust may or may not hold all of the securities that are included in the target index. Select information regarding the QQQ Trust’s expense ratio and its top constituents, country, industry and/or sector weightings may be made available on the QQQ Trust’s website. Expenses of the QQQ Trust reduce the net asset value of the assets held by the QQQ Trust and, therefore, reduce the value of the shares of the QQQ Trust. Shares of the QQQ Trust are listed on the Nasdaq Stock Market under the ticker symbol “QQQ”. Information from outside sources including, but not limited to the prospectus related to the QQQ Trust 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. We have not undertaken an independent review or due diligence of any publicly available information with respect to the QQQ Trust or the target index. Information filed by the QQQ Trust with the SEC, including the prospectus for the QQQ Trust, can be found by reference to its SEC file numbers: 333-61001 and 811-08947 or its CIK Code: 0001067839.

| TD SECURITIES (USA) LLC | P-17 |

Historical Information The graph below illustrates the performance of QQQ from August 26, 2015 through August 26, 2025. The dotted lines represent its Call Threshold Value of $572.61, which is equal to 100.00% of its Initial Value, and its and Barrier Value of $458.088, which is equal to 80.00% of its Initial Value. Invesco QQQ Trust SM, Series 1 (QQQ) PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

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

#### SPDR®S&P 500®ETF Trust
We have derived all information contained herein regarding the SPDR ®S&P 500 ®ETF Trust (the “SPY Trust”) and the target index,