Company: TDBCP
Filing Date: 2025-08-22
Form Type: 424B2
Source: 0001140361-25-032314
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-22
Form: 424B2
Chunk 17
---
 on a straight-line basis, unless they elect to accrue the interest (or deemed interest) using a constant yield method with daily compounding. Although unclear, it is likely that U.S. holders would determine accruals on the Notes based on a good-faith projection of the Payment at Maturity. On a sale, maturity, or other taxable disposition of the Notes, U.S. holders generally should recognize gain or loss in an amount equal to the difference between their amount realized and their adjusted tax basis in the Notes, which should be the amount they paid for their Notes plus the amount of interest income accrued on the Notes, if any. Any such gain or loss should be short-term capital gain or loss, except to the extent of any interest income that has accrued on the Notes on a straight-line basis (or, if elected, using a constant-yield method with daily compounding). Cash-method U.S. holders generally will be required to defer deductions for any interest (or deemed interest) paid on indebtedness incurred to purchase or carry the Notes to the extent it exceeds the interest (or deemed interest) they have included in income on the Notes. Based on certain factual representations received from us, our special U.S. tax counsel, Fried, Frank, Harris, Shriver & Jacobson LLP, is of the opinion that your Notes should be treated in the manner described above. Medicare Tax on Net Investment Income. U.S. holders that are individuals, estates or certain trusts are subject to an additional 3.8% tax on all or a portion of their “net investment income” or “undistributed net investment income” in the case of an estate or trust, which may include any income or gain realized with respect to the Notes, to the extent of their net investment income or undistributed net investment income (as the case may be) that, when added to their other modified adjusted gross income, exceeds $200,000 for an unmarried individual, $250,000 for a married taxpayer filing a joint return (or a surviving spouse), $125,000 for a married individual filing a separate return or the dollar amount at which the highest tax bracket begins for an estate or trust. The 3.8% Medicare tax is determined in a different manner than the regular income tax. U.S. holders should consult their tax advisors as to the consequences of the 3.8% Medicare tax. Specified Foreign Financial Assets.U.S. holders may be subject to reporting obligations with respect to their Notes if they do not hold their