Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 1

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 1
---
 prospectus dated February 26, 2025 (the “base prospectus”)
and the documents incorporated by reference therein (collectively, the “prospectus”), also relates to the offering of 750,000 Non-Cumulative 6.350% Fixed Rate Reset Preferred Shares, Series 33 (Non-Viability Contingent Capital (NVCC)) of the Bank (the “Series 33 Shares”), for a face amount of US$1,000 per share to be issued to the Limited Recourse Trustee (as defined below) in connection with
the issuance of the Notes. The Series 33 Shares offered hereby will be issued prior to the closing of the offering of the Notes.

The Notes are intended to qualify as the Bank’s “Additional Tier 1” capital within the meaning of the regulatory capital adequacy requirements to which the Bank is subject. In the event of a non-paymentby the Bank of the principal amount of, interest on, or Redemption Price (as defined below) for, the Notes when due, the sole remedy of holders of Notes (each, a “Noteholder”) for any claims against the Bank shall be the delivery to the holders of their proportionate share of the Corresponding Limited Recourse Trust Assets (as defined below), which initially shall consist of the Series 33 Shares. See “Description of the Notes–Limited Recourse”.

The Notes will be direct, unsecured obligations of the Bank constituting subordinated
indebtedness for the purpose of the Bank Act (Canada) (the “Bank Act”) which, if the Bank becomes insolvent or is wound-up (prior to the occurrence of a Trigger Event (as defined below)),
will rank: (a) subordinate in right of payment to the prior payment in full of all Higher Ranked Indebtedness (as defined below) and (b) in right of payment equally with and not prior to the Junior Deeply Subordinated Indebtedness (as
defined below) (other than the Junior Deeply Subordinated Indebtedness which by its terms ranks subordinate to the Notes), in each case, from time to time outstanding, and will be subordinate in right of payment to all of the Bank’s deposit
liabilities and the Bank’s other unsubordinated creditors, provided that in the event of the occurrence of a Recourse Event (as defined below), including an event of default, the sole remedy of a holder of the Notes shall be recourse to such
holder’s proportionate share of the Corresponding