Company: TDBCP
Filing Date: 2025-06-06
Form Type: 424B2
Source: 0001140361-25-021761
Chunk: 19

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-06
Form: 424B2
Chunk 19
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 Component as follows:

| Fixed Interest Rate | Interest on Debt Component | Put Option Component |
| 10.35% per annum    | [●]%                       | [●]%                 |

We intend to treat the Debt Component as having a term of one year or less, so that the amounts treated as interest on the Debt Component would be subject to the general rules governing interest payments on short-term notes and would be required to be accrued by accrual-basis taxpayers (and cash-basis taxpayers who elect to accrue interest currently) on either the straight-line method, or, if elected, the constant yield method, compounded daily. Cash-basis taxpayers who do not elect to accrue interest currently would include interest into income upon receipt of such interest. Put option premium payments in respect of the Put Option Component would generally not be taxed until a sale, issuer call or maturity of the Notes. At maturity, such payments would be taxed as short-term capital gain. If we elect to call the Notes prior to the Maturity Date, you generally should not recognize gain or loss with respect to the Debt Component, and you generally should recognize the total put option premium received as short-term capital gain on the applicable Call Payment Date. Upon the taxable disposition (including cash settlement) of the Notes, you should allocate the cash received between the Debt Component and the Put Option Component on the basis of their respective values on the date of such taxable disposition. You should generally recognize gain or loss with respect to the Debt Component in an amount equal to the difference between the amount of the proceeds allocable to the Debt Component (less accrued and unpaid interest, which will be taxable as such) and your adjusted tax basis in the Debt Component (which generally will equal your purchase price for the Note). This gain or loss should be capital gain or loss and should be short-term capital gain or loss, if you are treated as having held the Debt Component for one year or less at the time of such taxable disposition. If the Put Option Component has a positive value on the date of a taxable disposition, you should generally recognize short-term capital gain equal to the portion of the proceeds allocable to the Put Option Component plus any previously received put option premium. If the Put Option Component has a negative value on the date of a taxable disposition, you should generally be treated as having paid the buyer an amount equal to the negative value in order to assume your rights and obligations under the Put Option Component. In that case, you should recognize a short-term capital gain or loss in an amount equal to