Company: TDBCP
Filing Date: 2025-03-21
Form Type: 424B2
Source: 0001140361-25-009853
Chunk: 11

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-21
Form: 424B2
Chunk 11
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 on the Notes May be Based on a Substitute Reference Asset. The Calculation Agent may adjust the Initial Price and Physical Delivery Amount of a Reference Asset for stock splits, reverse stock splits, stock dividends, extraordinary dividends and other events that affect a Reference Asset upon the occurrence of certain events affecting a Reference Asset, as described in the product supplement under the section “General Terms of the Notes — Anti-Dilution Adjustments”. If as a result of the occurrence of any such event, the Calculation Agent determines that the physical delivery of all or any portion of the Physical Delivery Amount is prohibited, restricted, impractical or otherwise impaired, the value of all or the affected portion of the Physical Delivery Amount will be valued by the Calculation Agent as described in the product supplement and settled by cash payment. The Calculation Agent is not required to make an adjustment for every event that may affect a Reference Asset. Furthermore, in certain situations, such as when a Reference Asset undergoes a Reorganization Event or a Reference Asset is delisted, a Reference Asset may be replaced by distribution property or a substitute equity security, as discussed more fully in the product supplement under “General Terms of the Notes”. Notwithstanding the Calculation Agent’s ability to make adjustments to the terms of the Notes and a Reference Asset, those events or other actions affecting any Reference Asset, any Reference Asset Issuer or a third party may nevertheless adversely affect the price of such Reference Asset and, therefore, adversely affect the market value of, and return on, your Notes. The Valuation Date and the Maturity Date are Subject to Market Disruption Events and Postponement. The Valuation Date, and therefore the Maturity Date, are subject to postponement as described herein and in the product supplement due to the occurrence of one or more Market Disruption Events, which, among other events, may occur if the Calculation Agent determines that an event materially interferes with our ability or the ability of any of our affiliates to maintain or unwind all or a material portion of a hedge with respect to the Notes that we or our affiliates have effected or may effect or to effect trading in a Reference Asset generally. For a description of what constitutes a Market Disruption Event as well as the consequences of that Market Disruption Event, see “General Terms of the Notes — Market Disruption Events” in the product supplement. Trading and Business Activities by TD or its Affiliates May Adversely Affect the Market Value of, and Any Amount Payable and/or Deliverable on, the Notes. We, the Agent and/or one or