Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B3
Source: 0001140361-25-006073
Chunk: 25

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B3
Chunk 25
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 forth the Initial Level of the Reference Asset. Unless otherwise specified in the applicable pricing supplement, the Initial Level of an index will be its closing level on the Pricing Date. Final Level. Unless otherwise specified in the applicable pricing supplement, the Final Level of an index on any Valuation Date will be its closing level on that date. Closing Level Unless otherwise specified in the applicable pricing supplement, the “Closing Level” of any Reference Asset on any trading day means:

| • | the closing level of such Reference Asset; or |

| • | if any Reference Asset is unavailable, any successor index or alternative calculation of such Reference Asset, |

published following the regular official weekday close of the principal trading session of the primary exchange for its Reference Asset Constituents, each as determined by the Calculation Agent. Valuation Date(s) Unless otherwise specified in the applicable pricing supplement, the Valuation Date(s) (including the Final Valuation Date, as applicable) will be the date(s) specified in the applicable pricing supplement, unless the Calculation Agent determines that a market disruption event has occurred or is continuing on any such day with respect to a Reference Asset, in which case the affected date for such Reference Asset will be postponed as described under “— Market Disruption Events” below. Unless otherwise specified in the applicable pricing supplement, if a Valuation Date specified in the applicable pricing supplement occurs on a day that is not a trading day:

| • | if the Final Level or closing level, as applicable, is determined on a single Valuation Date, such Valuation Date will be the next following trading day, or |

| • | if the Final Level will be determined over more than one Valuation Date based on the arithmetic average of the closing levels of the Reference Asset on multiple Valuation Dates, such Valuation Date will be the next following “valid 
 date”, as described under “— Market Disruption Events” below.                                                                                                                                                                           |

PS-21 Payment Date(s); Maturity Date The applicable pricing supplement will specify the Payment Date(s) (including the Maturity Date) on which amounts will or may be payable, as applicable, with respect to the notes. Unless otherwise specified in the applicable pricing supplement, if the applicable Payment Date (including the Maturity Date) stated therein is not a Business Day, such Payment Date will be the next following Business Day. If the Calculation Agent postpones a Valuation Date, the Calculation Agent will also adjust the corresponding Payment Date to maintain the same number of Business Days between the latest postponed Valuation Date and the corresponding