Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 57

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 57
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 the Benchmark Replacement exists, in such other manner as TD or its designee determines is reasonably practicable). The term “ Benchmark Replacement Date”means the earliest to occur of the following events with respect to the then-current Benchmark:

| (1) | in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of                                                                                                                   
 (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the Benchmark permanently or indefinitely ceases to provide the Benchmark; or |

| (2) | in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the 
 public statement or publication of information referenced therein.                           |

For the avoidance of doubt, if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination. The term “ Benchmark Transition Event”means the occurrence of one or more of the following events with respect to the then-current Benchmark:

| (1) | a public statement or publication of information by or on behalf of the administrator of the Benchmark                                                                                                                                                
 announcing that such administrator has ceased or will cease to provide the Benchmark, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the 
 Benchmark;                                                                                                                                                                                                                                            |

| (2) | a public statement or publication of information by the regulatory supervisor for the administrator of the                                                                                                                                             
 Benchmark, the central bank for the currency of the Benchmark, an insolvency official with jurisdiction over the administrator for the Benchmark, a resolution authority with jurisdiction over the administrator for the Benchmark or a court or an   
 entity with similar insolvency or resolution authority over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will cease to provide the Benchmark permanently or indefinitely, provided that, at 
 the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark; or                                                                                                                         |

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| (3) | a public statement or publication of information by the regulatory supervisor for the administrator of the 
 Benchmark announcing that the Benchmark is no longer representative.                                       |

The term “ bond equivalent yield” means a yield expressed as a percentage and calculated in accordance with the following formula:

| bond equivalent yield = |     | D × N