Company: TDBCP
Filing Date: 2025-07-07
Form Type: 424B2
Source: 0001140361-25-025035
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-07
Form: 424B2
Chunk 16
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 a MSCI Index is included at a
    weight that reflects the ratio of its free float-adjusted market capitalization (i.e., free public float multiplied by price) to the free float-adjusted market capitalization of all the components included in all of the Country Indices.

#### Maintenance of and Changes to the MSCI Indices
The sponsor of the Underlying Index maintains the MSCI Indices with the objective of reflecting, on a timely basis, the evolution of the underlying equity markets and segments. In maintaining the
    indices, emphasis is also placed on continuity, continuous investibility of the constituents, replicability, index stability and low turnover in the indices.

As part of the changes to the sponsor of the Underlying Index’s methodology which became effective in May 2008, maintenance of the indices falls into three broad categories:

| • | semi-annual reviews, which will occur each May and November and will involve a comprehensive reevaluation of the market, the universe of eligible securities and other factors involved in composing the indices; |

| • | quarterly reviews, which will occur each February, May, August and November and will focus on significant changes in the market since the last semi-annual review and on including significant new eligible securities (such as IPOs, which were 
 not eligible for earlier inclusion in the indices); and                                                                                                                                                                                          |

| • | ongoing event-related changes, which will generally be reflected in the indices at the time of the event and will include changes resulting from mergers, acquisitions, spin-offs, bankruptcies, reorganizations and other similar corporate 
 events.                                                                                                                                                                                                                                      |

#### Prices and Exchange Rates
Prices

The prices used to calculate the MSCI Indices are the official exchange closing prices or those figures accepted as such. The sponsor of the Underlying Index reserves the right to use an alternative
    pricing source on any given day.

Exchange Rates

The sponsor of the Underlying Index uses the closing spot rates published by WM / Reuters at 4:00 p.m., London time. The sponsor of the Underlying Index uses WM / Reuters rates for all countries for
    which it provides indices.

In case WM/Reuters does not provide rates for specific markets on given days (for example Christmas Day and New Year’s Day), the previous business day’s rates are normally used. The sponsor of the
    Underlying Index independently monitors the exchange rates on all its indices and may, under exceptional circumstances, elect to use an alternative exchange rate if the WM / Reuters rates are not available, or if the sponsor of