Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B3
Source: 0001140361-25-006073
Chunk: 28

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B3
Chunk 28
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 a holder of the notes resulting solely from such event to achieve an equitable result (including without limitation changing the percentage weights of the Basket Components) and calculate the payments on the notes with reference to that basket or the successor basket (as described below), as adjusted. In the event of the adjustment described above, the newly composed basket is referred to in this section as the “successor basket” and will be used as a substitute for the original Basket for all purposes. If the Calculation Agent determines that the available successor basket or basket components as described above do not fairly represent the value of the original Basket or Basket Components, as the case may be, then the Calculation Agent will determine the level of the applicable Basket Components or the Basket level for any applicable trading day as described above. Notwithstanding these alternative arrangements, discontinuance of trading on the applicable exchanges or markets in any Basket Component may adversely affect the market value of, and return on, the notes. Change in Law Event If a change in law event occurs with respect to the Reference Asset then, on and after the change date (as defined below), the Calculation Agent may take the actions for such Reference Asset and/or make any other determinations in the manner described herein under “General Terms of the Notes — Unavailability of the Level of, or Change in Law Event Affecting, the Reference Asset; Modification to Method of Calculation”. A “change in law event” means the Calculation Agent has determined that, due to:

| • | the adoption of or any change in any applicable law, regulation or order (including, for the avoidance of doubt and without limitation, adoption or promulgation of new regulations authorized or mandated by existing statute) or |

| • | the promulgation of or any change, announcement or statement of the formal or informal interpretation by any court, tribunal, regulatory or executive authority with competent jurisdiction of any applicable law, regulation or order, |

the direct or indirect sale, purchase, beneficial ownership, holding, or transfer of, or any other transaction or other dealing related to, such Reference Asset or a Reference Asset Constituent by any class of eligible potential purchasers of the notes, TD or any affiliate is prohibited, restricted or otherwise impaired or, after giving effect to any applicable liquidation, unwind or cure period, will be so affected (such applicable date, the “change date”). The following events will not be a change in law event: PS-23

| • | with respect to a Reference Asset, the index sponsor publicly announces prior to the change date its intention