Company: TDBCP
Filing Date: 2025-10-09
Form Type: 424B3
Source: 0001140361-25-037791
Chunk: 23

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-09
Form: 424B3
Chunk 23
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IRNs prior to making an investment decision on LIRNs. PS-19 USE OF PROCEEDS AND HEDGING We will use the net proceeds we receive from each sale of LIRNs for the purposes we describe in the accompanying prospectus under “Use of Proceeds.” We and/or our affiliates may also use those proceeds in transactions intended to hedge our obligations under LIRNs as described below. In anticipation of the sale of LIRNs, we and/or our affiliates expect to enter into hedging transactions involving purchases of shares of an Underlying Stock or over‑the‑counter derivative instruments linked to an Underlying Stock prior to or on the pricing date. From time to time, we and/or our affiliates may enter into additional hedging transactions or unwind those we have entered into. We and/or our affiliates may acquire a long and/or short position in securities similar to LIRNs from time to time and may, in our or their sole discretion, hold or resell those similar securities. We and/or our affiliates may close out our or their hedge on or before the maturity date. We and/or our affiliates may close out our or their hedge position relating to LIRNs on or before the calculation day for your LIRNs. That step may involve sales or purchases of the instruments described above. No holder of LIRNs will have any rights or interest in our or any affiliate’s hedging activity or any positions we or our affiliates may take in connection with any hedging activity. The hedging activity discussed above may adversely affect the market value of, and any amount payable on, LIRNs from time to time. PS-20 DESCRIPTION OF LIRNS General Each issue of LIRNs will be part of a series of medium-term notes entitled “Senior Medium-Term Notes, Series E” or “Senior Medium-Term Notes, Series H” to be specified in the applicable term sheet and that will be issued under the senior debt indenture, as amended or supplemented from time to time. The senior debt indenture is described more fully in the accompanying prospectus. The following description of LIRNs supplements and, to the extent it is inconsistent with, supersedes the description of the general terms and provisions of LIRNs and debt securities set forth under “Description of the Debt Securities” in the accompanying prospectus. These documents should be read in connection with this product supplement and the applicable term sheet. Unless otherwise specified in the applicable term sheet, LIRNs are not bail-inable debt securities (as defined