Company: TDBCP
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0001140361-25-036752
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-30
Form: 424B2
Chunk 16
---
: Adjusted price = [closing price – capital return announced by company * (1– withholding tax)] * A / B New number of shares = old number of shares * B / A Divisor: decreases (8) Repurchase of shares / self-tender: Adjusted price = [(price before tender * old number of shares) – (tender price * number of tendered shares)] / (old number of shares – number of tendered shares) New number of shares = old number of shares – number of tendered shares Divisor: decreases (9) Spin– off: Adjusted price = (closing price * A – price of spin–off shares * B) / A Divisor: decreases (10) Combination stock distribution (dividend or split) and rights offering: For this corporate action, the following additional assumptions apply: Shareholders receive B new shares from the distribution and C new shares from the rights offering for every A share held; and If A is not equal to one, all the following “new number of shares” formulae need to be divided by A. If rights are applicable after stock distribution (one action applicable to another): Adjusted price = [closing price * A + subscription price * C * (1 + B / A)] / [(A + B) * (1 + C / A)]

| Autocallable Strategic Accelerated Redemption Securities® | TS-11 |

| Autocallable Strategic Accelerated Redemption Securities® 
 Linked to the EURO STOXX 50®Index due October, 2028       |

New number of shares = old number of shares * [(A + B) * (1 + C / A)] / A Divisor: increases If stock distribution is applicable after rights (one action applicable to another): Adjusted price = (closing price * A + subscription price * C) / [(A + C) * (1 + B / A)] New number of shares = old number of shares * [(A + C) * (1 + B / A)] Divisor: increases Stock distribution and rights (neither action is applicable to the other): Adjusted price = (closing price * A + subscription price * C) / (A + B + C) New number of shares = old number of shares * (A + B + C) / A Divisor: increases (11) Addition/deletion of a company No price adjustments are made. The net change in market capitalization determines the divisor adjustment. (12) Free float and shares changes