Company: TDBCP
Filing Date: 2025-02-27
Form Type: 424B2
Source: 0001193125-25-039151
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-27
Form: 424B2
Chunk 9
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 corresponding hundredth of a unit, in the case of a currency other than U.S. dollars, with one-halfcent or one-halfof a corresponding hundredth of a unit or more being rounded upward. In determining the interest rate basis that applies to a floating rate note during a particular interest period, the calculation agent may obtain rate quotes from various banks or dealers active in the relevant market, as discussed below. Those reference banks and dealers may include the calculation agent itself and its affiliates, as well as any agent participating in the distribution of the relevant floating rate notes and its affiliates, and they may include our affiliates. Initial Interest Rate. For any floating rate note or floating-to-fixedrate note, the interest rate in effect from the issue date to the first interest reset date will be the initial interest rate. We will specify the initial interest rate or the manner in which it is determined in the applicable pricing supplement. Spread or Spread Multiplier. In some cases, the interest rate basis for a floating rate note may be adjusted:

| • |     | by adding or subtracting a specified number of basis points, called the spread, with one basis point being 0.01%; 
 or                                                                                                                |

| • |     | by multiplying the interest rate basis by a specified percentage, called the spread multiplier. |

If you purchase a floating rate note, your pricing supplement will indicate whether a spread or spread multiplier will apply to your note and, if so, the amount of the spread or spread multiplier. Maximum and Minimum Rates. The actual interest rate, after being adjusted by the spread or spread multiplier, may also be subject to either or both of the following limits:

| • |     | a maximum rate—i.e., a specified upper limit that the actual interest rate in effect at any time may 
 not exceed; and/or                                                                                   |

| • |     | a minimum rate—i.e., a specified lower limit that the actual interest rate in effect at any time may 
 not fall below.                                                                                      |

6

If you purchase a floating rate note, your pricing supplement will indicate whether a maximum rate and/or minimum rate will apply to your note and, if so, what those rates are. Whether or not a maximum rate applies, the interest rate on a floating rate note will in no event be higher than the maximum rate permitted by the laws of the State of New York, as they may be modified by U.S. law of general application and the Criminal Code (Canada). Under current New York State law, the maximum rate