Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 17
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 such interest period will be determined on the Interest Payment Determination Date (as defined in the applicable pricing supplement) for such interest period. Because each such
date is near the end of such interest period, you will not know the amount of interest payable with respect to a particular interest period until shortly prior to the related Interest Payment Date and it may be difficult for you to reliably estimate
the amount of interest that will be payable on each such Interest Payment Date. In addition, some investors may be unwilling or unable to trade the notes without changes to their information technology systems, both of which could adversely impact
the liquidity and trading price of the notes.

Compounded SOFR for an Interest Period During a Floating Period May Not Reflect Any Subsequently Published Corrections to SOFR.

The FRBNY publishes SOFR each U.S. Government Securities Business Day at approximately 8:00 a.m.
(New York time) for trades made on the immediately preceding U.S. Government Securities Business Day. After publication, if (i) the FRBNY discovers errors in the transaction data or calculation process or additional transaction data becomes
available and (ii) such errors or additional data would change the published SOFR by at least one basis point (0.01%), subject to change based on periodic review by the FFRBNY, then the FRBNY will republish SOFR at approximately 2:30 p.m. (New
York time) on that same day. The FRBNY will not revise published SOFR on any U.S. Government Securities Business Day after the original date of publication and, even if the FRBNY’s policy changes to permit revisions to SOFR after the initial
publication date, such changes would not be reflected in the calculation agent’s determination of Compounded SOFR on a U.S. Government Securities Business Day under the notes because any such determination is made as of 3:00 p.m. (New York
time) on each U.S. Government Securities Business Day without regard to any subsequently published revisions.

SOFR May Be Modified or Discontinued and the Notes May Bear Interest by Reference to a Rate Other Than Compounded SOFR, which Could Adversely Affect the Value of the Notes.

SOFR is a relatively new rate, and the FRBNY (or a successor), as administrator of SOFR, may make methodological or other changes that could
change the value of SOFR, including changes related to the method by which SOFR is calculated, eligibility criteria applicable to the transactions used to calculate