Company: TDBCP
Filing Date: 2025-08-20
Form Type: 424B2
Source: 0001140361-25-032043
Chunk: 31

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-20
Form: 424B2
Chunk 31
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, as the case may be, and not as described here. Transferable Rights and Warrants If a Reference Asset Issuer issues transferable rights or warrants to all holders of the applicable Reference Asset to subscribe for or purchase such Reference Asset at an exercise price per share that is less than its Closing Price on the Trading Day before the ex-dividend date for the issuance, then the Calculation Agent may adjust its Initial Price, Threshold Price and/or any other relevant term, as applicable, as the Calculation Agent determines appropriate to account for the economic effect of such issuance, and may reference, without limitation, any adjustment(s) to options contracts on such Reference Asset in respect of such issuance of transferable rights or warrants made by the Options Clearing Corporation, or any other equity derivatives clearing organization or exchange. Its Initial Price, Threshold Price and/or any other relevant term, as applicable, will not be adjusted, however, unless the ex-dividend date described above occurs after the Pricing Date and on or before the Final Valuation Date. P-23 Reorganization Events If a Reference Asset Issuer undergoes a Reorganization Event in which property other than the applicable Reference Asset—e.g., cash and securities of another issuer (“distribution property”)—is distributed in respect of such Reference Asset, then such distribution property will be deemed to be the applicable Reference Asset and, for purposes of calculating the price of such Reference Asset, the Calculation Agent will determine the value of such distribution property distributed in respect of one share of such Reference Asset. Each of the following is a “Reorganization Event” with respect to a Reference Asset:

| • | the Reference Asset is reclassified or changed; |

| • | the Reference Asset Issuer has been subject to a merger, consolidation or other combination and either is not the surviving entity or is the surviving entity but substantially all the 
 outstanding shares are exchanged for or converted into other property;                                                                                                                  |

| • | a statutory share exchange involving the outstanding shares and the securities of another entity occurs, other than as part of an event described in the two bullet points above; |

| • | the Reference Asset Issuer sells or otherwise transfers its property and assets as an entirety or substantially as an entirety to another entity; |

| • | the Reference Asset Issuer effects a spin‑off—that is, issues to all holders of such Reference Asset equity securities of another issuer, other than as part of an event described in the four 
 bullet points above;                                                                                                                                                                           |

| • | the Reference Asset Issuer is liquidated, dissolved or