Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001140361-25-007568
Chunk: 31

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B3
Chunk 31
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lying Company’s then existing policy or practice of paying such dividends on a quarterly or other regular basis. If an
    Extraordinary Dividend occurs, the Price Multiplier for that Underlying Stock will be adjusted on the ex-dividend date so that the new Price Multiplier will equal the product of:

| • | the prior Price Multiplier; and |

| • | a fraction, the numerator of which is the Closing Market Price per share of the Underlying Stock on the trading day preceding the ex-dividend date and the denominator of which is the amount by 
 which the Closing Market Price per share of the Underlying Stock on that preceding trading day exceeds the Extraordinary Dividend Amount.                                                        |

The “

#### Extraordinary Dividend Amount
” with respect to an Extraordinary Dividend will equal:

| • | in the case of cash dividends or other distributions that constitute regular dividends, the amount per share of the applicable Underlying Stock of that Extraordinary Dividend minus the amount 
 per share of the immediately preceding non-Extraordinary Dividend for that share; or                                                                                                            |

| • | in the case of cash dividends or other distributions that do not constitute regular dividends, the amount per share of the applicable Underlying Stock of that Extraordinary Dividend. |

To the extent an Extraordinary Dividend is not paid in cash, the value of the non-cash component will be determined by the calculation agent. A distribution on the applicable
    Underlying Stock described in “— Issuance of Transferable Rights or Warrants” or “— Reorganization Events” below that also constitutes an Extraordinary Dividend will only cause an adjustment under those respective sections.

<div align='center'>PS-26</div>

Issuance of Transferable Rights or Warrants. If an Underlying Company issues transferable rights or warrants to all
    holders of record of the Underlying Stock to subscribe for or purchase the Underlying Stock, including new or existing rights to purchase the Underlying Stock under a shareholder rights plan or arrangement, then the Price Multiplier will be adjusted on
    the trading day immediately following the issuance of those transferable rights or warrants so that the new Price Multiplier will equal the prior Price Multiplier plus the product of:

| • | the prior Price Multiplier; and |

| • | the number of shares of the Underlying Stock that can be purchased with the cash value of those warrants or rights distributed on one share of the Underlying Stock. |

The number of shares that can be purchased will