Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 184

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 184
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 be taxable to a U.S. Holder as ordinary income at the
time it is paid or accrued in accordance with the U.S. Holder’s method of accounting for U.S. federal income tax purposes. Unless an applicable supplement states otherwise, interest income on a debt security generally will be considered
foreign-source income and, for purposes of the U.S. foreign tax credit, generally will be considered passive category income. There are significant complex limitations on a U.S. Holder’s ability to claim foreign tax credits. U.S. Holders
should consult their own tax advisors regarding the creditability or deductibility of any Canadian withholding taxes under their particular circumstances.

Original Issue Discount

U.S. Holders of
debt securities issued with original issue discount (“OID”), other than short-term debt securities (as defined below), will be subject to special tax accounting rules, as described in greater detail below. Debt securities issued with
more than de minimis OID will be referred to as “original issue discount debt securities.” U.S. Holders of such debt securities should be aware that they generally must include OID in gross income (as ordinary income) in advance of the
receipt of cash attributable to that income. However, U.S. Holders of such debt securities generally will not be required to include separately in income cash payments received on the debt securities, even if denominated as interest, to the extent
such payments do not constitute “qualified stated interest” (as defined below). Unless otherwise specified in the applicable supplement, OID on a debt security generally will be considered foreign-source income and, for purposes of the
U.S. foreign tax credit, generally will be considered passive category income. Notice will be given when the Bank determines that a particular debt security will be an original issue discount debt security.

Additional rules applicable to original issue discount debt securities that are denominated in or determined by reference to a currency or
currencies other than the U.S. dollar are described under “—Foreign Currency Debt Securities” below.

A debt security
with an “issue price” that is less than its “stated redemption price at maturity” (the sum of all payments to be made on the debt security other than “qualified stated interest”) will be issued with OID in an
amount equal to such difference unless such difference is de minimis (generally, less than 0.25 percent of the stated redemption price at maturity multiplied by the number of complete years to maturity). The “issue price” of each
debt security in a particular offering will