Company: TDBCP
Filing Date: 2025-02-27
Form Type: 424B2
Source: 0001193125-25-039151
Chunk: 18

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-27
Form: 424B2
Chunk 18
---
 Compounded SOFR. “ Compounded SOFR” will be determined by the calculation agent in the following manner: where “ d 0,” for any Observation Period, means the number of U.S. Government Securities Business Days in the relevant Observation Period; “ i” means a series of whole numbers from one to d0, each representing the relevant U.S. Government Securities Business Day in chronological order from, and including, the first U.S. Government Securities Business Day in the relevant Observation Period; “ SOFRi,” for any U.S. Government Securities Business Day “ i” in the relevant Observation Period, means equal to SOFR in respect of that day “ i”; “ ni,” for any U.S. Government Securities Business Day “ i” in the relevant Observation Period, means the number of calendar days from, and including, such U.S. Government Securities Business Day “ i” to, but excluding, the following U.S. Government Securities Business Day (“ i+1”); and 12

“ d” means the number of calendar days in the relevant Observation Period. For these calculations, the daily SOFR in effect on any U.S. Government Securities Business Day will be the applicable SOFR as reset on that date. For purposes of determining Compounded SOFR, “ SOFR” means, with respect to any U.S. Government Securities Business Day:

| (1) | the Secured Overnight Financing Rate published for such U.S. Government Securities Business Day as such rate                                                         
 appears on the FRBNY’s Website at 3:00 p.m. (New York time) on the immediately following U.S. Government Securities Business Day (the “SOFR Determination Time”); or |

| (2) | if the rate specified in (1) above does not so appear, unless both a Benchmark Transition Event and its                                                                                                                                           
 related Benchmark Replacement Date have occurred, the Secured Overnight Financing Rate as published in respect of the first preceding U.S. Government Securities Business Day for which the Secured Overnight Financing Rate was published on the 
 FRBNY’s Website.                                                                                                                                                                                                                                  |

Notwithstanding anything to the contrary in the documentation relating to the notes, if TD or its designee determines on or prior to the relevant Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date (each as defined below) have occurred with respect to determining Compounded SOFR, then the benchmark replacement provisions set forth herein will thereafter apply to all determinations of the rate of interest payable on the notes. For the avoidance