Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 20

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 20
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 approval of the                                                                                                                                       
 Superintendent, redeem all of the outstanding Series 33 Shares by the payment of an amount in cash for each share redeemed of the Canadian Dollar Equivalent of US$1,000 plus any declared and unpaid dividends (of which none are expected for so long 
 as the Series 33 Shares are held by the Limited Recourse Trustee) up to, but excluding the date fixed for redemption,                                                                                                                                   |

S-9

| and, unless otherwise satisfied, apply, or cause the Limited Recourse Trustee to apply, the proceeds of such redemption towards the repayment of the aggregate principal amount of and any accrued 
 and unpaid interest on the Notes and the Bank shall be required to fund the balance.                                                                                                               |

| The Bank will give notice of any redemption to registered holders not more than 60 days and not less than 10 days prior to the redemption date. |

| As a result of the redemption provisions applicable to the Series 33 Shares and the Notes, the Limited Recourse Trustee will, at all times prior to a Recourse Event, hold one Series 33 Share for each US$1,000 principal 
 amount of Notes outstanding.                                                                                                                                                                                               |

| Contingent Conversion: | Upon the occurrence of a Trigger Event, each outstanding Series 33 Share will automatically and immediately be converted, on a full and permanent basis, without the consent of the holder thereof, into the number of Common Shares determined by 
 the Contingent Conversion formula set out in the “Description of Series 33 Shares–Conversion Upon Occurrence of a Non-Viability Contingent Capital Trigger Event”.                                                                                 |

| Risk Factors: | See “Risk Factors” in this prospectus supplement beginning on page S-11 and in the accompanying base prospectus beginning on page 1 for a discussion of factors you should carefully consider 
 before deciding to invest in the Notes (and the Series 33 Shares or Common Shares upon certain Recourse Events).                                                                              |

S-10

RISK FACTORS

An investment in the Notes (and Series 33 Shares and Common Shares upon delivery of the Corresponding Limited Recourse Trust Assets, including upon the occurrence of a Trigger Event) is subject to the risks described below, as well as the risks described in the accompanying base prospectus. You should carefully consider whether the Notes are suited to your particular circumstances. This prospectus supplement should be read together with the accompanying base prospectus. This section describes the most significant risks relating to the terms of the Notes. We urge you to read the following