Company: TDBCP
Filing Date: 2025-01-30
Form Type: 424B2
Source: 0001193125-25-016792
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-30
Form: 424B2
Chunk 12
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 entity” in respect of, a recipient of the payment, or (ii) the payment arises under, or in connection with, a “structured arrangement” (each within the meaning of the Canadian Tax Act), in each case, where
certain additional conditions are met.

Pursuant to the Hybrid Mismatch Rules the Bank will generally be a “specified entity” in
respect of (i) an entity that (either alone or together with entities with whom the entity is not dealing at arm’s length for purposes of the Canadian Tax Act) directly or indirectly owns or has the right to acquire or control or is
otherwise deemed to own a 25% or greater equity interest in the Bank, (ii) an entity in which the Bank (either alone or together with entities with whom the Bank is not dealing at arm’s length for purposes of the Canadian Tax Act) directly
or indirectly owns or has the right to acquire or control or is otherwise deemed to own a 25% or greater equity interest, and (iii) an entity in which an entity described in (i) (either alone or together with entities with whom such entity is
not dealing at arm’s length for purposes of the Canadian Tax Act) directly or indirectly owns or has the right to acquire or control or is otherwise deemed to own a 25% or greater equity interest.

The discussion in the section “Tax Consequences — Canadian Taxation” in the accompanying prospectus supplement and base
prospectus does not address the possible application of the Hybrid Mismatch Rules to a Non-resident Holder (as defined therein) (i) that disposes of a Note to a person or an entity with which it does not
deal at “arm’s length” or to an entity in respect of which the Non-resident Holder is a “specified entity”, or (ii) that disposes of a Note under, or in connection with, a
“structured arrangement” (each within the meaning of the Canadian Tax Act). Such Non-resident Holders should consult their own tax advisors.

BENEFIT PLAN INVESTOR CONSIDERATIONS

For a discussion of certain considerations in connection with owning the Notes with plan assets, please see the section “Benefit Plan
Investor Considerations” in the accompanying prospectus supplement and base prospectus.

PS-10

UNDERWRITING (CONFLICTS OF INTEREST) On January 28, 2025, we entered into a Terms Agreement with the agents pursuant to the Distribution Agreement, dated March