Company: TDBCP
Filing Date: 2025-02-27
Form Type: 424B2
Source: 0001193125-25-039151
Chunk: 19

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-27
Form: 424B2
Chunk 19
---
 of doubt, in accordance with the benchmark replacement provisions, after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the interest payable for each interest period on the notes will be an annual rate equal to the sum of the Benchmark Replacement (as defined below) and the applicable margin. Effect of Benchmark Transition Event

| (a) | Benchmark Replacement. If TD or its designee determines that a Benchmark Transition Event and its                                                                                                                                                      
 related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the notes in 
 respect of such determination on such date and all determinations on all subsequent dates.                                                                                                                                                             |

| (b) | Benchmark Replacement Conforming Changes. In connection with the implementation of a Benchmark                          
 Replacement, TD or its designee will have the right to make Benchmark Replacement Conforming Changes from time to time. |

| (c) | Decisions and Determinations. Any determination, decision or election that may be made by TD or its                                                                                                   
 designee pursuant to the benchmark replacement provisions described herein, including any determination with respect to tenor, rate or adjustment or of the occurrence or non-occurrence of an event, 
 circumstance or date and any decision to take or refrain from taking any action or any selection:                                                                                                     |

| • |     | will be conclusive and binding absent manifest error; |

| • |     | if made by TD, will be made in TD’s sole discretion; |

| • |     | if made by TD’s designee, will be made after consultation with TD, and the designee will not make any such 
 determination, decision or election to which TD objects; and                                               |

| • |     | shall become effective without consent from any other party. |

13

Any determination, decision or election pursuant to the benchmark replacement provisions not made by TD’s designee will be made by TD on the basis as described above. The designee shall have no liability for not making any such determination, decision or election. In addition, TD may designate an entity (which may be its affiliate) to make any determination, decision or election that TD has the right to make in connection with the benchmark replacement provisions set forth in this supplement. In no event shall the calculation agent be responsible for any determination, decision or election pursuant to the benchmark replacement provisions. In connection with the foregoing, the calculation agent will be entitled to conclusively rely on any determinations made by