Company: TDBCP
Filing Date: 2025-07-10
Form Type: 424B2
Source: 0001140361-25-025513
Chunk: 35

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-10
Form: 424B2
Chunk 35
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 will quote the number of index securities that are represented by CHESS Depositary Interests (“CDIs”) for a foreign entity. When CDIs are not issued, S&P will use the total securities held on the Australian register (CHESS and, where supplied, the issuer sponsored register). This quoted number for a foreign entity is representative of the Australian equity capital, thereby allowing the AS51 to be increasingly reflective of the Australian market. The number of CDIs or shares of a foreign entity quoted on the ASX can experience more volatility than is typically the case for ordinary shares on issue. Therefore, an average number on issue will be applied over a six-month period. Where CDI information is not supplied to the ASX by the company or the company’s share register, estimates for Australian equity capital will be drawn from CHESS data and, ultimately, registry-sourced data. IWF The IWF represents the float-adjusted portion of a stock’s equity capital. Therefore any strategic holdings that are classified as either corporate, private or government holdings reduce the IWF which, in turn, results in a reduction in the float-adjusted market capital. The IWF ranges between 0 and 1, is calculated as 1 – Sum of the % held by strategic shareholders who possess 5% or more of issued shares, and is an adjustment factor that accounts for the publicly available shares of a company. A company must have a minimum IWF of 0.3 to be eligible for index inclusion. S&P Dow Jones Indices identifies the following shareholders whose holdings are considered to be control blocks and are subject to float adjustment:

| 1. | Government and government agencies; |

| 2. | Controlling and strategic shareholders/partners; |

| 3. | Any other entities or individuals which hold more than 5%, excluding insurance companies, securities companies and investment funds; and |

| 4. | Other restricted portions such as treasury stocks. |

Liquidity Test Only stocks that are regularly traded are eligible for inclusion. Eligible stocks are considered for index inclusion based on their stock median liquidity (median daily value traded divided by its average float-adjusted market capitalization for the last six months relative to the market capitalization weighted average of the stock median liquidities of the 500 constituents of the All Ordinaries index, another member of the S&P/ASX index family).

| Market-Linked Step Up Notes | TS-24 |

| Leveraged Market-Linked Step Up NotesLinked to an International Equity Index Basket due July