Company: TDBCP
Filing Date: 2025-01-14
Form Type: 424B2
Source: 0001140361-25-001019
Chunk: 34

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-14
Form: 424B2
Chunk 34
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 will significantly affect the free-float weight. These include third-party allotment, when preferred shares are converted or subscription warrants are exercised, as well as in the event of a demerger, merger/stock-swap, take-over bid and other events JPXI judges deem will significantly affect free-float weight. The upper weighting limit for any one constituent of TPX is 10%. If an issue's weight calculated by free-float adjusted market capitalization as of the last business day of every August is over the upper limit, a cap-adjustment ratio for adjustment of weight will be applied to said issue on the last business day of October. Even if the weight again exceeds the upper limit due to stock price movements or other reasons, the cap-adjustment ratio will not be changed until the last business day of the next October. In the event of any increase or decrease in the current free-float-adjusted market value due to causes other than fluctuations in the stock market, such as public offerings, adjustments are made by JPXI to the base market value in order to maintain the continuity of TPX. The adjusted base market value will equal the old base market value multipliedby the quotientof the free-float-adjusted market value on the business day before the adjustment date plusor minus, as applicable, the adjustment amount dividedby the free-float-adjusted market value on the business day before the adjustment date. The adjustment amount for the foregoing calculation will be an amount equal to the productof the change (the absolute value of the increase or decrease) in the number of shares used for index calculations timesthe price of the shares used for adjustment. Weighting Adjustments by Tradable Share Market Capitalization Criteria (only applicable from April 4, 2022 through January 31, 2025)

| (i) | Designation of “phased weighting reduction constituents” |

| TD SECURITIES (USA) LLC | P-20 |

| (b) | Second decision: The constituent’s tradeable share market capitalization is less than JPY 10 billion at the end of the reporting period following the reporting period used in decision (a). |

| (ii) | Adjustment to the weighting of phased weighting reduction constituents |

| • | Said adjustments to the weighting of phased weighting reduction constituents will be calculated by multiplying the free-float weight by the transition factor (which will decrease from 1.0 to 0 in increments of 0.1) |

| • | In order to check whether there have been changes to