Company: TDBCP
Filing Date: 2025-02-27
Form Type: 424B2
Source: 0001193125-25-039151
Chunk: 26

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-27
Form: 424B2
Chunk 26
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 agent after consulting such sources as the calculation agent deems comparable to the foregoing screen, 
 or any other source that it deems reasonable.                                                                                                                                                                                                             |

| • |     | Notwithstanding the above, if the calculation agent determines prior to any interest reset date that the CMS rate                                                                                     
 has been discontinued prior to the maturity date of the notes, then the fallback provisions described below will apply to the CMS rate and the floating interest rate will be determined accordingly. |

| • |     | Notwithstanding the foregoing, if the CMS rate has been permanently or indefinitely discontinued, then TD or its                                                                                                                                          
 designee will select a substitute rate for each future interest reset date with reference to (1) any alternative reference rate selected by the central bank, reserve bank, monetary authority or any similar institution (including by the               
 Alternative Reference Rates Committee or any other committee or working group thereof) and (2) accepted market practice and usage (the “Alternative Rate”). Upon selecting an Alternative Rate, TD or its designee may make Adjustments,                  
 including changes to the Alternative Rate, the spread, business days, the day count fraction, interest reset dates, floating interest periods, interest payment dates and any other terms of the notes, in each case that TD or its designee determines   
 are consistent with accepted market practice for the use of such Alternative Rate for debt obligations such as the notes or are reasonably necessary for administrative or operational reasons irrespective of whether any such change is consistent with 
 accepted market practices. TD or its designee will select an Alternative Rate and make any Adjustments with a view to maintaining, to the extent practical, your economic position as a holder of the notes.                                              |

17

| • |     | If the CMS rate has been permanently or indefinitely discontinued and TD or its designee is unable or unwilling                                                                                                                                       
 to determine an Alternative Rate prior to an interest reset date, then the CMS rate for the relevant interest period will be the CMS rate in effect for the immediately preceding interest period determined in the manner described above, as of the 
 last day such rate was published on the relevant screen.                                                                                                                                                                                              |

Federal Funds Rate Notes If you purchase a federal funds rate note, your note will bear interest at an interest rate equal to the federal funds rate and adjusted by the spread or spread multiplier, if any, indicated in the applicable pricing supplement. Unless we specify otherwise in the applicable pricing supplement, the federal funds rate will be the rate for U.S. dollar federal funds as of the relevant interest determination date, as published in H.15