Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 44

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 44
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 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 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. The SOFR index would measure the cumulative impact of compounding the SOFR on a unit of investment over time, with the initial value set to 1.00000000 on April 2, 2018, the first value date of the SOFR. The index would be compounded by the value of each SOFR thereafter. As a result, the first official published SOFR index value will reflect the effect of compounding the SOFR each business day since April 2, 2018. For purposes of determining SOFR Index, on each day the SOFR is published, “ SOFR Index” would be calculated as: where “ SOFRi” = SOFR applicable on business day i “ni”= number of calendar days for which SOFRi applies “ i” represents a series of ordinal numbers representing each business day in the calculation period S-31

The SOFR index is a compounding sequence that allows investors to calculate compounded SOFR averages over custom time periods. To calculate the compounded SOFR average between any two dates within the SOFR publication calendar, one would only need to input the SOFR index values on those dates into the following formula: where: “ SOFR Index start ”is the