Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 8
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 consequences applicable to specific offerings of notes that differ from the consequences discussed in the accompanying
prospectus under “Tax Consequences—United States Taxation.”

Please read carefully any tax consequences specified in the
applicable pricing supplement and the section entitled “Tax Consequences—United States Taxation” in the accompanying prospectus. You should consult your tax advisor about your own tax situation.

S-6

U.S. Taxpayers Generally Will Be Required to Pay Taxes on Notes That Are Issued with Original Issue Discount.

If the notes are treated as issued with original issue discount for U.S. federal income tax purposes and the beneficial
owner is a U.S. individual or taxable entity, that beneficial owner generally will be required to accrue interest on the notes and pay tax accordingly, even though such beneficial owners may not receive any payments from us attributable to such
income until maturity.

Please read carefully any tax consequences specified in the applicable pricing supplement and the section entitled
“Tax Consequences—United States Taxation” in the accompanying prospectus. You should consult your tax advisor about your own tax situation.

Non-U.S.Investors May Be Subject to Certain Additional Risks.

Unless otherwise specified in the applicable pricing supplement, the notes will be denominated in U.S. dollars. If you are a non-U.S. investor who purchases the notes with a currency other than U.S. dollars, changes in rates of exchange may have an adverse effect on the value, price or returns of your investment.

A downgrade, suspension or withdrawal of the rating assigned by any rating agency to the Notes could cause the liquidity or market value of the Notes to decline, and adverse changes in the Bank’s credit ratings could have a material adverse effect on the Bank’s liquidity, cash flows, and financial results and condition.

Our senior medium-term note offerings are rated by nationally recognized statistical ratings organizations and may in the future be rated by
additional rating agencies. However, we are under no obligation to ensure the Notes are rated by any rating agency and any rating initially assigned to the Notes may be lowered or withdrawn entirely by a rating agency if, in that rating
agency’s judgment, circumstances relating to the basis of the rating, such as adverse changes to the Bank’s business, so warrant. If we determine to no longer maintain one or more ratings, or if any rating agency lowers or withdraws its
rating, such event could reduce the liquidity or market value of the Notes.

In addition to ratings assigned by any hired rating agencies,
rating agencies not hired by us