Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 194

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 194
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 market discount, (ii) with respect to the
foreign currency rules discussed below and (iii) with respect to debt securities treated as contingent payment debt instruments for U.S. federal income tax purposes (which this summary does not discuss), such gain or loss will generally be
capital gain or loss and will be long-term capital gain or loss if at the time of sale, exchange, retirement or other taxable disposition, the foreign currency debt security has been held for more than one year. Long-term capital gains of non-corporate U.S. Holders (including individuals) are eligible for reduced rates of taxation. The deductibility of capital losses is subject to limitations. Gain or loss realized by a U.S. Holder on the sale,
exchange, retirement or other taxable disposition of a foreign currency debt security generally will be considered U.S.-source gain or loss.

A U.S. Holder’s initial tax basis in a foreign currency debt security generally will be the U.S. Holder’s cost therefor. If a U.S.
Holder purchased a foreign currency debt security with foreign currency, the U.S. Holder’s cost will be the U.S. dollar value of the foreign currency amount paid for such foreign currency debt security determined at the time of such purchase.
If a U.S. Holder’s foreign currency debt security is sold, exchanged, retired or otherwise disposed of for an amount denominated in foreign currency, then the U.S. Holder’s amount realized generally will be based on the spot rate of the
foreign currency on the date of the sale, exchange, retirement or other taxable disposition. If the foreign currency debt securities are traded on an established securities market and the U.S. Holder is a cash method taxpayer, however, foreign
currency paid or received is translated into U.S. dollars at the spot rate on the settlement date of the purchase or sale. An accrual method taxpayer may elect the same treatment with respect to the purchase and sale of foreign currency debt
securities traded on an established securities market, provided that the election is applied consistently.

Upon the sale, exchange,
retirement or other taxable disposition of a foreign currency debt security, a U.S. Holder may recognize exchange gain or loss with respect to the principal amount of such foreign currency debt security. For these purposes, the principal amount of
the foreign currency debt security is the U.S. Holder’s purchase price for the foreign currency debt security calculated in the foreign currency on the date of purchase (as adjusted for any amortized bond premium), and the amount of exchange
gain or