Company: TDBCP
Filing Date: 2025-02-27
Form Type: 424B2
Source: 0001193125-25-039151
Chunk: 23

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-27
Form: 424B2
Chunk 23
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. dollar certificates of deposit in New York City, one of which may be TD or an affiliate, as selected by the calculation agent.                                                                                               |

| • |     | If fewer than three dealers selected by the calculation agent are quoting as described above, the CD rate in                                                                                                                                  
 effect for the new interest period will be the CD rate in effect for the prior interest period. If the initial interest rate has been in effect for the prior interest period, however, it will remain in effect for the new interest period. |

15

CMT Rate Notes If you purchase a CMT rate note, your note will bear interest at an interest rate equal to the CMT rate and adjusted by the spread or spread multiplier, if any, indicated in the applicable pricing supplement. Unless we specify otherwise in the applicable pricing supplement, the CMT rate on the relevant interest determination date will be the following rate displayed on the designated CMT Reuters page by 3:00 p.m., New York City time, on the calculation date pertaining to the relevant interest determination date, under the heading “Constant Maturity/treasury” under the column for the designated CMT index maturity:

| • |     | if the designated CMT Reuters page is FRBCMT, the rate for the relevant interest determination date; or |

| • |     | if the designated CMT Reuters page is FEDCMT, the weekly or monthly average, as specified in the applicable                                                                                                                                         
 pricing supplement, for the week that ends immediately before the week in which the relevant interest determination date falls, or for the month that ends immediately before the month in which the relevant interest determination date falls, as 
 applicable.                                                                                                                                                                                                                                         |

If the CMT rate cannot be determined as described above, unless otherwise specified in the applicable pricing supplement, the following procedures will apply:

| • |     | If the applicable rate described above is not displayed on the relevant designated CMT Reuters page at 3:00 P.M.,                                                                                                                               
 New York City time, on the relevant interest calculation date, unless the calculation is made earlier and the rate is available from that source at that time, then the CMT rate will be the applicable treasury constant maturity rate for the 
 designated CMT index maturity and for either the relevant interest determination date or the weekly or monthly average, as applicable, as published in H.15(519).                                                                               |

| • |     | If the applicable rate described above does not appear in H.15(519) by 3:00 P.M., New York