Company: TDBCP
Filing Date: 2025-06-17
Form Type: 424B3
Source: 0001140361-25-022771
Chunk: 46

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-17
Form: 424B3
Chunk 46
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 Level”), and thus its Component Ratio, based on the closing level or the Closing Market Price, as applicable, of that Basket Component on the first Market Measure Business Day following the pricing date on which no Market Disruption Event occurs for that Basket Component. In the event that a Market Disruption Event or a non-Market Measure Business Day occurs for that Basket Component on the pricing date and on each day thereafter to and including the second scheduled Market Measure Business Day following the pricing date, the calculation agent (not later than the close of business in New York, New York on the second scheduled Market Measure Business Day following the pricing date) will estimate the Basket Component Closing Level, and thus the applicable Component Ratio. The final term sheet will provide the Basket Component Closing Level, a brief statement of the facts relating to the establishment of the Basket Component Closing Level (including the applicable Market Disruption Event(s)), and the applicable Component Ratio. For purposes of determining whether a Market Disruption Event has occurred as to any Basket Component, “Market Disruption Event” will have the meaning stated above in “—Market Disruption Events.” Observation Level and Ending Value of the Basket The “ Observation Level” of the Basket, if applicable, will be the value of the Basket on the relevant Observation Date. The “ Ending Value” of the Basket will be the value of the Basket on the calculation day. The calculation agent will calculate the value of the Basket for the calculation day or, if applicable, the applicable Observation Date, by summing the products of the Closing Levels or the Closing Market Prices, as applicable, of each Basket Component, on the relevant Market Measure Business Day (multiplied by its Price Multiplier on that day, if applicable) and the Component Ratio for each Basket Component. The value of the Basket will vary based on the increase or decrease in the value of each Basket Component. Any increase in the value of a Basket Component (assuming no change in the value of the other Basket Component or Basket Components) will result in an increase in the value of the Basket. Conversely, any decrease in the value of a Basket Component (assuming no change in the value of the other Basket Component or Basket Components) will result in a decrease in the value of the Basket. Unless otherwise specified in the applicable term sheet, if, for any Basket Component (an “ Affected Basket Component”), the calculation agent determines that the scheduled calculation day or, if applicable, a scheduled Observation Date (i) is not a Market Measure Business Day by reason of an extraordinary event, occurrence, declaration