Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 68

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 68
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 an aggregate face amount equal to the aggregate principal amount of Notes redeemed or purchased for cancellation by the Bank, by the payment of an amount in cash for
each share redeemed of the Canadian Dollar Equivalent of US$1,000 plus any declared and unpaid dividends (of which none are expected for so long as the Series 33 Shares are held by the Limited Recourse Trustee) up to, but excluding the date fixed
for redemption, and, unless otherwise satisfied, apply, or cause the Limited Recourse Trustee to apply, the proceeds of such redemption towards the purchase of the Notes.

Concurrently with or upon the maturity of the Notes, the Bank shall, subject to the prior written approval of the Superintendent, redeem all
of the outstanding Series 33 Shares by the payment of an amount in cash for each share redeemed of the Canadian Dollar Equivalent of US$1,000 plus any declared and unpaid dividends (of which none are expected for so long as the Series 33 Shares are
held by the Limited Recourse Trustee) up to, but excluding the date fixed for redemption, and, unless otherwise satisfied, apply, or cause the Limited Recourse Trustee to apply, the proceeds of such redemption towards the repayment of the aggregate
principal amount of and any accrued and unpaid interest on the Notes and the Bank shall be required to fund the balance.

The Bank will
give notice of any redemption to registered holders not more than 60 days and not less than 10 days prior to the redemption date.

As a
result of the redemption provisions applicable to the Series 33 Shares and the Notes, the Limited Recourse Trustee will, at all times prior to a Recourse Event, hold one Series 33 Share for each US$1,000 principal amount of Notes outstanding.

Where a part only of the then outstanding Series 33 Shares is at any time to be redeemed, the Series 33 Shares will be redeemed pro ratadisregarding fractions, or in such other manner as the board of directors of the Bank determines.

“Canadian Dollar
Equivalent” means the Canadian dollar equivalent of U.S. dollars using the spot exchange rate as of 4:30 p.m. New York City time on , 2025 (which is three business days after the date of this prospectus supplement).

Purchase for Cancellation

Subject
to the provisions of the Bank Act, the provisions described below under “—Restriction on Dividends and Retirement of Shares” and the consent of the Superintendent the Bank may at any time,