Company: TDBCP
Filing Date: 2025-07-24
Form Type: 424B2
Source: 0001140361-25-027052
Chunk: 26

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-24
Form: 424B2
Chunk 26
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 income on a current basis. It is not  
 possible to determine what guidance they will ultimately issue, if any. It is possible, however, that under such guidance, holders of the securities will ultimately be required to accrue income currently in excess of any receipt of          
 contingent quarterly coupons and this could be applied on a retroactive basis. According to the Notice, the IRS and the Treasury are also considering other relevant issues, including whether additional gain or loss from such instruments     
 should be treated as ordinary or capital and whether non-U.S. holders of such instruments should be subject to withholding tax on any deemed income accruals. Both U.S. and non-U.S. holders are urged to consult their tax advisors concerning  
 the significance and potential impact of the above considerations.                                                                                                                                                                               |
| Medicare Tax on Net Investment Income.U.S. holders that are individuals,                                                                                                                                                                         
 estates or certain trusts are subject to an additional 3.8% tax on all or a portion of their “net investment income,” or “undistributed net investment income” in the case of an estate or trust, which may include any income or gain realized  
 with respect to the securities, to the extent of their net investment income or undistributed net investment income (as the case may be) that, when added to their other modified                                                                
 adjusted gross income, exceeds $200,000 for an unmarried individual, $250,000 for a married taxpayer filing a joint return (or a surviving spouse), $125,000 for a married individual filing a separate return or the dollar amount at which the 
 highest tax bracket begins for an estate or trust. The 3.8% Medicare tax is determined in a different manner than the regular income tax. U.S. holders should consult their tax advisors as to the consequences of the 3.8% Medicare tax.        |

| July 2025 | Page28 |

| $4,038,000 Contingent Income Auto-Callable Securities due July 27, 2027                            |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Nikkei 225®Index and the S&P 500®Index 
 Principal at Risk Securities                                                                       |

| Specified Foreign Financial Assets.Certain U.S. holders that own “specified foreign financial                                                                                                                                                    
 assets” in excess of an applicable threshold may be subject to reporting obligations with respect to such assets with their tax returns, especially if such assets are held outside the custody of a U.S. financial institution. U.S. holders    
 are urged