Company: TDBCP
Filing Date: 2025-06-17
Form Type: 424B3
Source: 0001140361-25-022771
Chunk: 27

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-17
Form: 424B3
Chunk 27
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 of such instruments should be subject to withholding tax on any deemed income accruals, and whether the special “constructive ownership rules” of Section 1260 of the U.S. Internal Revenue Code of 1986, as amended (the “ Code”) should be applied to such instruments. You are urged to consult your tax advisors concerning the significance and potential impact of the above considerations. Except to the extent otherwise required by law, we intend to treat your SUNs for U.S. federal income tax purposes in accordance with the treatment described under the section entitled “Material U.S. Federal Income Tax Consequences” herein unless and until such time as the Treasury and IRS determine that some other treatment is more appropriate. Furthermore, in 2007, legislation was introduced in Congress that, if it had been enacted, would have required holders of instruments such as the SUNs purchased after the bill was enacted to accrue interest income over the term of the SUNs even though there will not be any interest payments over the term of the SUNs. Moreover, in 2013, the House Ways and Means Committee released in draft form certain proposed legislation relating to financial instruments that, if it had been enacted, would have required instruments such as the SUNs to be marked to market on an annual basis with all gains and losses to be treated as ordinary, subject to certain exceptions. It is not possible to predict whether any similar or identical bills will be enacted in the future, or whether any such bill would affect the tax treatment of your SUNs. You are urged to consult your tax advisors regarding the draft legislation and its possible impact on you. PS-22 For a discussion of the Canadian federal income tax consequences of investing in the SUNs, please see “Tax Consequences – Canadian Taxation” in the accompanying prospectus and the further discussion under “Supplemental Discussion of Canadian Tax Consequences” herein. If you are not a Non‑resident Holder (as that term is defined in “Tax Consequences – Canadian Taxation” in the accompanying prospectus) or if you acquire the SUNs in the secondary market, you should consult your tax advisors as to the consequences of acquiring, holding and disposing of the SUNs and receiving the payments that might be due under the SUNs. PS-23 USE OF PROCEEDS AND HEDGING We will use the net proceeds we receive from each sale of the SUNs for the purposes we describe in the accompanying prospectus under “Use of Proceeds.” We and/or our affiliates may also use those proceeds