Company: TDBCP
Filing Date: 2025-07-16
Form Type: 424B2
Source: 0001140361-25-025992
Chunk: 27

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-16
Form: 424B2
Chunk 27
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 without the right to receive the share split occurs after the Pricing Date and on or before the Call Valuation 
 Date or Final Valuation Date, as applicable; or                                                                                                                                                |

| • | in the case of a share dividend, the ex-dividend date occurs after the Pricing Date and on or before the Call Valuation Date or Final Valuation Date, as applicable. |

The ex-dividend date for any dividend or other distribution with respect to the Reference Asset is the first day on which the Reference Asset trades without the right to receive that dividend or other distribution. Reverse Share Splits A reverse share split is a decrease in the number of a corporation’s outstanding shares without any change in its shareholders’ equity. Each outstanding share will be worth more as a result of a reverse share split. If the Reference Asset is subject to a reverse share split, then the Calculation Agent will adjust the Initial Price, Call Threshold Price, Buffer Price and/or any other relevant term, as applicable, by multiplying the prior Initial Price, Call Threshold Price, Buffer Price and/or any other relevant term, as applicable, of the Reference Asset by a number equal to: (1) the number of shares of the Reference Asset outstanding immediately before the reverse share split becomes effective; divided by (2) the number of shares of the Reference Asset outstanding immediately after the reverse share split becomes effective. The Initial Price, Call Threshold Price, Buffer Price and/or any other relevant term, as applicable, will not be adjusted, however, unless the reverse share split becomes effective after the Pricing Date and on or before the Call Valuation Date or Final Valuation Date, as applicable. Extraordinary Dividends A distribution or dividend on the Reference Asset will be deemed to be an extraordinary dividend if the Calculation Agent determines that its per share value exceeds that of the immediately preceding non-extraordinary dividend, if any, by an amount equal to at least 10% of the Closing Price (as adjusted for any subsequent corporate event requiring an adjustment hereunder, such as a stock split or reverse stock split) on the Trading Day before the ex-dividend date. The Calculation Agent will determine if the dividend is an extraordinary dividend and, if so, the amount of the extraordinary dividend. Each outstanding share will be worth less as a result of an extraordinary dividend. If any extraordinary dividend occurs with respect to the Reference Asset, the Calculation Agent will adjust the Initial Price, Call Threshold Price, Buffer Price and/or any other relevant term, as applicable, of the Reference Asset to equal the product of: (1