Company: TDBCP
Filing Date: 2025-10-01
Form Type: 424B2
Source: 0001140361-25-036928
Chunk: 20

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-01
Form: 424B2
Chunk 20
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 determined by seeking bids from market participants, which may include MLPF&S, BofAS and one or more of our or their affiliates, and take into account a number of factors, including our creditworthiness, interest rate movements, the volatility of the Basket Stocks, the tenor of the notes and the tenor of the hedging arrangements. The economic terms and initial estimated value of the notes depend, in part, on the terms of these hedging arrangements. BofAS has advised us that the hedging arrangements will include a hedging related charge of approximately $0.05 per unit, reflecting an estimated profit to be credited to BofAS from these transactions. Since hedging entails risk and may be influenced by unpredictable market forces, additional profits and losses from these hedging arrangements may be realized by BofAS or any third party hedge providers. For further information, see “Risk Factors – Conflict-Related Risks” herein and “Use of Proceeds and Hedging” on page PS-19 of product supplement STOCK STR-1.

| Autocallable Strategic Accelerated Redemption Securities® | TS-17 |

| Autocallable Strategic Accelerated Redemption Securities®Linked to a Basket of Three Financial Sector Stocks, due October  , 2028 |

Supplemental Discussion of Canadian Tax Consequences The following section supersedes and replaces in its entirety the section of the product supplement under “Supplemental Discussion of Canadian Tax Consequences” and the section “Tax Consequences — Canadian Taxation” in the prospectus. In the opinion of Osler, Hoskin & Harcourt LLP, special Canadian tax counsel to TD, the following is, as of the date hereof, a summary of certain Canadian federal income tax considerations under the Income Tax Act(Canada) (the “Canadian Tax Act”) and Income Tax Regulations issued thereunder (the “Canadian Tax Regulations”) generally applicable to a holder who acquires beneficial ownership of a note pursuant to this term sheet, and who, for purposes of the Canadian Tax Act and any applicable income tax convention, at all relevant times, is not resident and is not deemed to be resident in Canada, and who, for purposes of the Canadian Tax Act, at all relevant times, (i) deals at arm’s length with TD and any Canadian resident (or deemed Canadian resident) to whom the holder disposes of the note, (ii) is entitled to receive all payments (including any interest and principal) made on the note as beneficial owner, (iii) is not