Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 29

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 29
---
, in consultation with the authorities referred to above, all relevant facts and circumstances. Those facts and circumstances may include, in addition to other public sector interventions, a consideration of whether, among other things:

| • |     | the assets of the Bank are, in the opinion of the Superintendent, sufficient to provide adequate protection to 
 the Bank’s depositors and creditors;                                                                           |

| • |     | the Bank has lost the confidence of depositors or other creditors and the public (for example, ongoing increased 
 difficulty in obtaining or rolling over short-term funding);                                                     |

S-15

| • |     | the Bank’s regulatory capital has, in the opinion of the Superintendent, reached a level, or is eroding in 
 a manner, that may detrimentally affect its depositors and creditors;                                      |

| • |     | the Bank has failed to pay any liability that has become due and payable or, in the opinion of the 
 Superintendent, the Bank will not be able to pay its liabilities as they become due and payable;   |

| • |     | the Bank failed to comply with an order of the Superintendent to increase its capital; |

| • |     | in the opinion of the Superintendent, any other state of affairs exists in respect of the Bank that may be                                     
 materially prejudicial to the interests of the Bank’s depositors or creditors or the owners of any assets under the Bank’s administration; and |

| • |     | the Bank is unable to recapitalize on its own through the issuance of Common Shares or other forms of regulatory                                                                                                                            
 capital (for example, no suitable investor or group of investors exists that is willing or capable of investing in sufficient quantity and on terms that will restore the Bank’s viability, nor is there any reasonable prospect of such an 
 investor or group of investors emerging in the near-term in the absence of conversion of contingent instruments).                                                                                                                           |

Canadian authorities retain full discretion to choose not to trigger non-viabilitycontingent capital notwithstanding a determination by the Superintendent that the Bank has ceased, or is about to cease, to be viable. Under such circumstances, the Noteholders and holders of Series 33 Shares could be exposed to losses through the use of other resolution tools or in liquidation. Circumstances surrounding a potential Contingent Conversion will have an adverse effect on the market price of the Notes and Series 33 Shares. The occurrence of a Trigger Event may involve a subjective determination by the Superintendent that the conversion of all contingent instruments is reasonably likely to restore or maintain the