Company: TDBCP
Filing Date: 2025-03-03
Form Type: 424B3
Source: 0001140361-25-006726
Chunk: 55

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-03
Form: 424B3
Chunk 55
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 and non-U.S. laws are not addressed herein. The applicable term sheet will contain a further discussion of the U.S. federal income tax consequences applicable to that offering of LIRNs, which may differ from the discussion herein. The discussion of the U.S. federal income tax consequences contained in the applicable term sheet supersedes the following to the extent it is inconsistent with this discussion. Prospective purchasers of LIRNs are urged to read the discussion below in connection with the discussion in the applicable term sheet relating to their LIRNs and to consult their tax advisors as to the consequences under the tax laws of the country of which they are resident for tax purposes and the federal, state, and local tax laws of the U.S. of acquiring, holding and disposing of, and receiving payment under, LIRNs. This discussion applies to you only if you acquire your LIRNs upon initial issuance and hold your LIRNs as capital assets within the meaning of Section 1221 of the Code for U.S. federal income tax purposes. This discussion does not apply to you if you are a member of a class of holders subject to special rules, such as:

| • | a dealer in securities or currencies, |

| • | a trader in securities that elects to use a mark-to-market method of accounting for your securities holdings, |

| • | a financial institution or a bank, |

| • | a regulated investment company (a “RIC”), real estate investment trust (a “REIT”) or common trust fund, |

| • | a life insurance company, |

| • | a tax-exempt organization or an investor holding LIRNs in a tax-advantaged account (such as an “Individual Retirement Account” or “Roth 
 IRA”), as defined in Section 408 or 408A of the Code, respectively,                                                                     |

| • | a person that owns LIRNs as part of a hedging transaction, straddle, synthetic security, conversion transaction, or other integrated transaction, or enters into a “constructive sale” with respect to LIRNs or 
 a “wash sale” with respect to LIRNs or the Market Measure,                                                                                                                                                      |

| • | a former citizen of the U.S., |

| • | a U.S. holder (as defined below) whose functional currency for tax purposes is not the U.S. dollar, or |

| • | taxpayers subject to special tax accounting rules under Section 451(b) of the Code. |

Except as discussed under “— Non