Company: TDBCP
Filing Date: 2025-07-22
Form Type: 424B2
Source: 0001140361-25-026682
Chunk: 26

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-22
Form: 424B2
Chunk 26
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 not an extraordinary dividend for the Reference Asset; or                                                                                      |

| • | for an extraordinary dividend that is not paid in lieu of a regular quarterly dividend, the amount per share of the extraordinary dividend. |

To the extent an extraordinary dividend is not paid in cash, the value of the non cash component will be determined by the Calculation Agent. A distribution on the Reference Asset that is a share dividend, an issuance of transferable rights or warrants or a spin off event and also an extraordinary dividend will result in an adjustment to the Initial Price, Threshold Price and/or any other relevant term, as applicable, only as described under “— Share Splits and Share Dividends” above, “—Transferable Rights and Warrants” below or “— Reorganization Events” below, as the case may be, and not as described here. P-22 Transferable Rights and Warrants If the Reference Asset Issuer issues transferable rights or warrants to all holders of the Reference Asset to subscribe for or purchase the Reference Asset at an exercise price per share that is less than the Closing Price of the Reference Asset on the Trading Day before the ex-dividend date for the issuance, then the Calculation Agent may adjust the applicable Initial Price, Threshold Price and/or any other relevant term, as applicable, of the Reference Asset 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 the 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. The Initial Price, Threshold Price and/or any other relevant term, as applicable, will not be adjusted for such affected Reference Asset, however, unless the ex-dividend date described above occurs after the Pricing Date and on or before Valuation Date. Reorganization Events If the Reference Asset Issuer undergoes a Reorganization Event in which property other than the Reference Asset—e.g., cash and securities of another issuer (“distribution property”)—is distributed in respect of the Reference Asset, then such distribution property will be deemed to be the Reference Asset and, for purposes of calculating the price of the Reference Asset, the Calculation Agent will determine the value of such distribution property distributed in respect of one share of the Reference Asset. Each of the following is a “Reorganization Event” with respect to the Reference Asset:

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

| • | the Reference Asset Issuer has been subject to