Company: TDBCP
Filing Date: 2025-06-30
Form Type: 424B2
Source: 0001140361-25-024164
Chunk: 25

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-30
Form: 424B2
Chunk 25
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 in such a way that the sum of all share prices immediately after the change multiplied by the applicable Weight Factor and divided by the new Divisor ( i.e., the level of the NKY immediately after such change) will equal the level of the NKY immediately prior to the change. Standards for Listing and Maintenance A Nikkei Underlying Stock may be deleted or added by Nikkei. Any stock becoming ineligible for listing in the TSE Prime Market due to any of the following reasons will be deleted from the Nikkei Underlying Stocks: (i) bankruptcy of the issuer, (ii) merger of the issuer with, or acquisition of the issuer by, another company, (iii) delisting of such stock, (iv) transfer of such stock to the “Seiri-Meigara” because of excess debt of the issuer or because of any other reason or (v) transfer of such stock to the Second Section. In addition, a component stock transferred to the “Kanri-Meigara” (posts for stocks under supervision) becomes a candidate for deletion. Nikkei Underlying Stocks with relatively low liquidity, based on trading value and rate of price fluctuation over the past five years, may be deleted by Nikkei. Upon deletion of a stock from the Nikkei Underlying Stocks, Nikkei will select a replacement for such deleted Nikkei Underlying Stock in accordance with certain criteria. In an exceptional case, a newly listed stock in the TSE Prime Market that is recognized by Nikkei to be representative of a market may be added to the Nikkei Underlying Stocks. In such a case, an existing Nikkei Underlying Stock with low trading volume and deemed not to be representative of a market will be deleted by Nikkei. A list of the issuers of the Nikkei Underlying Stocks constituting the NKY is published by Nikkei. Nikkei may delete, add or substitute any stock underlying the NKY.

| Market-Linked Step Up Notes | TS-19 |

The following graph shows the daily historical performance of the NKY in the period from January 1, 2015 through June 26, 2025. We obtained this historical data from Bloomberg L.P. We have not independently verified the accuracy or completeness of the information obtained from Bloomberg L.P. On the pricing date, the closing level of the NKY was 39,584.58. Historical Performance of the Nikkei Stock Average Index This historical data