Company: TDBCP
Filing Date: 2025-02-03
Form Type: 424B2
Source: 0001140361-25-002911
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-03
Form: 424B2
Chunk 17
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 market value (which could be an increase or decrease) of the affected SPX constituent, the Index Sponsor generally derives a new divisor by dividing the post-event market value of the SPX constituents by the pre-event SPX level, which has the effect of reducing the SPX’s post-event level to the pre-event level. Changes to the Number of Shares of a Constituent The index maintenance process also involves tracking the changes in the number of shares included for each of the index companies. Changes as a result of mandatory events, such as mergers or acquisition driven share/IWF changes, stock splits and mandatory distributions are not subject to a minimum threshold for implementation and are implemented when the transaction occurs. At the Index Sponsor’s discretion, however, de minimis merger and acquisition changes may be accumulated and implemented with the updates made with the quarterly share updates as described below. Material share/IWF changes resulting from certain non-mandatory corporate actions follow the accelerated implementation rule. Non-material share/IWF changes are implemented quarterly. Accelerated Implementation Rule 1. Public offerings. Public offerings of new company-issued shares and/or existing shares offered by selling shareholders, including block sales and spot secondaries, will be eligible for accelerated implementation treatment if the size of the event meets the materiality threshold criteria:

| (a) | at least US $150 million, and |

| (b) | at least 5% of the pre-event total shares. |

In addition to the materiality threshold, public offerings must satisfy the following conditions:

| • | be underwritten. |

| • | have a publicly available prospectus, offering document, or prospectus summary filed with the relevant authorities. |

| • | have a publicly available confirmation from an official source that the offering has been completed. |

For public offerings that involve a concurrent combination of new company shares and existing shares offered by selling shareholders, both events are implemented if either of the public offerings represent at least 5% of total shares and $150 million. Any concurrent share repurchase by the affected company will also be included in the implementation. 2. Dutch Auctions, self-tender offer buybacks, and split-off exchange offers. These nonmandatory corporate action types will be eligible for accelerated implementation treatment regardless of size once the final results are publicly announced and verified by S&P. For companies with multiple share class lines, the criteria specified above apply to each individual multiple share class line rather than total company shares. Exception to the Accelerated Implementation Rule For non-mandatory corporate actions subject to the accelerated implementation rule