Company: TDBCP
Filing Date: 2025-07-29
Form Type: 424B2
Source: 0001140361-25-027726
Chunk: 30

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-29
Form: 424B2
Chunk 30
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 dividend.

If any extraordinary dividend occurs with respect to a Reference Asset, the Calculation Agent will adjust the Share Delivery Amount by multiplying the prior Share
    Delivery Amount by, and will adjust the Initial Price, Contingent Coupon Barrier Price, Principal Barrier Price and/or any other relevant term, as applicable, of such Reference Asset by dividing the prior Initial Price, Contingent Coupon Barrier Price,
    Principal Barrier Price and/or any other relevant term, as applicable, by, the ratio the amount by which the Closing Price of such Reference Asset on the Trading Day before the ex dividend date exceeds the extraordinary dividend amount to the Closing
    Price of such Reference Asset on the Trading Day before the ex dividend date.

If any extraordinary dividend occurs with respect to a Reference Asset, the Applicable Price will not be adjusted, however, unless the ex dividend date occurs
    after the Pricing Date and on or before the applicable Observation Date or the Final Valuation Date.

The extraordinary dividend amount with respect to an extraordinary dividend for the Reference Asset equals:

| • | for an extraordinary dividend that is paid in lieu of a regular quarterly dividend, the amount of the extraordinary dividend per share of the Reference Asset minus the amount per share of the 
 immediately preceding dividend, if                                                                                                                                                              |

| TD SECURITIES (USA) LLC | P-20 |

any, that was not an extraordinary dividend for the Reference Asset; or

| • | for an extraordinary dividend that is not paid in lieu of a regular quarterly dividend, the amount per share of the extraordinary dividend. |

To the extent an extraordinary dividend is not paid in cash, the value of the non cash component will be determined by the Calculation Agent. A distribution on
    the Reference Asset that is a share dividend, an issuance of transferable rights or warrants or a spin off event and also an extraordinary dividend will result in an adjustment to the Initial Price, Contingent Coupon Barrier Price, Principal Barrier
    Price and/or any other relevant term, as applicable, only as described under “— Share Splits and Share Dividends” above, “—Transferable Rights and Warrants” below or “— Reorganization Events” below, as the case may be, and not as described here.

#### Transferable Rights and Warrants
If a Reference Asset Issuer issues transferable rights or warrants to all holders of such Reference Asset to subscribe for or purchase such Reference Asset at an
    exercise price per share that is less than the Closing Price of such Reference Asset on the Trading Day before the ex