Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 14
---
 all remedies of such holders in connection with such Recourse Event, and all claims of holders of Notes against the Bank 
 under the Notes will be extinguished upon receipt of the Corresponding Limited Recourse Trust Assets.                                                                                                                    |

| In case of any shortfall resulting from the value of the Corresponding Limited Recourse Trust Assets being less than the principal amount of, and any accrued and unpaid interest on, the Notes, all losses arising from 
 such shortfall shall be borne by the Noteholders.                                                                                                                                                                        |

| Redemption: | The Bank may, at its option, with the prior written approval of the Superintendent and without the consent of the Noteholders, redeem the Notes in cash, in whole or in part, on not less than 10 days’ and not more than 60 days’ prior 
 written notice to the registered Noteholders, on the Initial Reset Date and each Optional Redemption Date thereafter.                                                                                                                    |

| The Bank may, at its option, with the prior written approval of the Superintendent and without the consent of the Noteholders, redeem all (but not less than all) of the Notes at any time on not less than 10 days’               
 and not more than 60 days’ prior written notice following a Regulatory Event Date or a Tax Event Date (a “Special Event Date”); provided, in regard to a redemption pursuant to a Regulatory Event Date, the redemption must occur 
 within 90 days following such Regulatory Event Date.                                                                                                                                                                               |

| Upon redemption by the Bank of the Series 33 Shares held in the Limited Recourse Trust in accordance with the terms of such shares, outstanding Notes with an aggregate principal amount equal to the aggregate face amount                             
 of Series 33 Shares redeemed by the Bank shall automatically and immediately be redeemed, on a full and permanent basis, without any action on the part of, or the need for consent from, the holders of such Notes, for a cash amount equal to the     
 Redemption Price. Unless otherwise satisfied, the Limited Recourse Trust shall be required to apply the proceeds from the redemption of the Series 33 Shares held by the Limited Recourse Trustee towards payment of such Redemption Price and the Bank 
 shall be required to fund the balance. For certainty, to the extent that, in accordance with the terms of the Indenture (as defined below), the Bank has immediately prior to or concurrently with such redemption of Series 33 Shares redeemed or      
 purchased for cancellation outstanding Notes with an aggregate principal amount equal to the aggregate face amount of Series 33 Shares being redeemed, such requirement to