Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 46

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 46
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 Date for the applicable Interest Period for which such index is not available, the rate of return on a daily compounded interest investment calculated by the Calculation Agent on the relevant Interest Determination Date in accordance with the formula for SOFR Averages, and the definitions required for such formula, published on the SOFR Administrator’s Website at newyorkfed.org/markets/treasury-repo-reference-rates-information. For the purposes of this provision, references in the SOFR Averages compounding formula and related definitions to “calculation period” shall be replaced with “SOFR Index Observation Period”, and the words “that is, 30-, 90-,or 180- calendar days” shall be removed. If the daily SOFR (“SOFRi”) does not so appear for any day “i” in the SOFR Index Observation S-32

Period, SOFRi for such day “i” shall be SOFR published in respect of the preceding U.S. Government Securities Business Day for which SOFR was published on the SOFR Administrator’s Website. Effect of Benchmark Transition Event

| (a) | Benchmark Replacement. If TD or its designee determines that a Benchmark Transition Event and its                                                                                                                                                      
 related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the notes in 
 respect of such determination on such date and all determinations on all subsequent dates.                                                                                                                                                             |

| (b) | Benchmark Replacement Conforming Changes. In connection with the implementation of a Benchmark                          
 Replacement, TD or its designee will have the right to make Benchmark Replacement Conforming Changes from time to time. |

| (c) | Decisions and Determinations. Any determination, decision or election that may be made by TD or its                                                                                                   
 designee pursuant to the benchmark replacement provisions described herein, including any determination with respect to tenor, rate or adjustment or of the occurrence or non-occurrence of an event, 
 circumstance or date and any decision to take or refrain from taking any action or any selection:                                                                                                     |

| • |     | will be conclusive and binding absent manifest error; |

| • |     | if made by TD, will be made in TD’s sole discretion; |

| • |     | if made by TD’s designee, will be made after consultation with TD, and the designee will not make any such 
 determination, decision or election to which TD objects; and