Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B3
Source: 0001140361-25-006068
Chunk: 41

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B3
Chunk 41
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 a number of shares of new stock equal to the new stock reorganization ratio; |

providedthat, if any non-stock reorganization property is received in the reorganization event, the results of (a)(1) and (a)(2) above will each be multiplied by the “ gross-up multiplier,” which will be equal to a fraction, the numerator of which is the closing price of the original Underlying Stock on the trading day immediately prior to the effective date of the reorganization event and the denominator of which is the amount by which such closing price of the original Underlying Stock exceeds the value of the non-stock reorganization property received per share of such Underlying Stock as determined by the calculation agent as of the close of trading on such trading day; or

| (b) | if such Underlying Stock is surrendered for reorganization property: |

| (1) | that includes new stock, a number of shares of new stock equal to the new stock reorganization ratio;providedthat, if any non-stock reorganization property is received in the reorganization 
 event, such number will be multiplied by the gross-up multiplier; or                                                                                                                          |

| (2) | that consists exclusively of non-stock reorganization property: |

| (i) | if the surviving entity has marketable securities outstanding following the reorganization event and either (A) such marketable securities were in existence prior to such reorganization event or (B) such marketable securities were 
 exchanged for previously outstanding marketable securities of the surviving entity or its predecessor (“predecessor stock”) in connection with such reorganization event (in either case of (A) or (B), the “successor stock”), a      
 number of shares of the successor stock determined by the calculation agent on the                                                                                                                                                     |

PS-23

| trading day immediately prior to the effective date of such reorganization event equal to the adjustment factor for such Underlying Stock in effect on the trading day                                                                         
 immediately prior to the effective date of such reorganization event multiplied by a fraction, the numerator of which is the value of the non-stock reorganization property per share of such Underlying Stock on such trading day and the     
 denominator of which is the closing price of the successor stock on such trading day (or, in the case of predecessor stock, the closing price of the predecessor stock multiplied by the number of shares of the successor stock received with 
 respect to one share of the predecessor stock); or                                                                                                                                                                                             |

| (ii) | if the surviving entity does not have marketable securities