Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 1

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 1
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 be in an amount of US$ per US$1,000
principal amount of Notes.

This prospectus supplement, together with the accompanying base prospectus dated February 26, 2025 (the
“base prospectus”) and the documents incorporated by reference therein (collectively, the “prospectus”), also relates to the offering of Non-Cumulative % Fixed Rate Reset
Preferred Shares, Series 33 (Non-Viability Contingent Capital (NVCC)) of the Bank (the “Series 33 Shares”), for a face amount of US$1,000 per share to be issued to the Limited Recourse Trustee (as
defined below) in connection with the issuance of the Notes. The Series 33 Shares offered hereby will be issued prior to the closing of the offering of the Notes.

The Notes are intended to qualify as the Bank’s “Additional Tier 1” capital within the meaning of the regulatory capital adequacy requirements to which the Bank is subject. In the event of a non-paymentby the Bank of the principal amount of, interest on, or Redemption Price (as defined below) for, the Notes when due, the sole remedy of holders of Notes (each, a “Noteholder”) for any claims against the Bank shall be the delivery to the holders of their proportionate share of the Corresponding Limited Recourse Trust Assets (as defined below), which initially shall consist of the Series 33 Shares. See “Description of the Notes–Limited Recourse”.

The Notes will be direct,
unsecured obligations of the Bank constituting subordinated indebtedness for the purpose of the Bank Act (Canada) (the “Bank Act”) which, if the Bank becomes insolvent or is wound-up (prior
to the occurrence of a Trigger Event (as defined below)), will rank: (a) subordinate in right of payment to the prior payment in full of all Higher Ranked Indebtedness (as defined below) and (b) in right of payment equally with and not
prior to the Junior Deeply Subordinated Indebtedness (as defined below) (other than the Junior Deeply Subordinated Indebtedness which by its terms ranks subordinate to the Notes), in each case, from time to time outstanding, and will be subordinate
in right of payment to all of the Bank’s deposit liabilities and the Bank’s other unsubordinated creditors, provided that in the event of the occurrence of a Recourse Event (as defined below), including an event of default, the sole
remedy