Company: TDBCP
Filing Date: 2025-08-18
Form Type: 424B2
Source: 0001140361-25-031723
Chunk: 28

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-18
Form: 424B2
Chunk 28
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 from the rebalancing in accordance with the two weight distribution conditions discussed above. Finally, to complete the rebalancing process, once the final weighting percentages for each Nasdaq-100 Index ®stock have been set, the index share weights (or index shares) will be determined anew based upon the last sale prices and aggregate capitalization of the Nasdaq-100 Index ®at the close of trading on the last calendar day in February, May, August and November. Changes to the index shares will be made effective after the close of trading on the third Friday in March, June, September and December, and an adjustment to the divisor is made to ensure continuity of the Nasdaq-100 Index ®. Ordinarily, new rebalanced index share weights will be determined by applying the above procedures to the current index share weights. However, Nasdaq, Inc. may, from time to time, determine rebalanced weights, if necessary, by applying the above procedure to the actual current market capitalization of the Nasdaq-100 Index ®components. In such instances, Nasdaq, Inc. would announce the different basis for rebalancing prior to its implementation. During the quarterly rebalancing, data is cutoff as of the previous month end and no changes are made to the Nasdaq-100 Index ®from that cutoff until the quarterly index share change effective date, except in the case of changes due to corporate actions with an ex-date. Annual Nasdaq-100 Index ®Weight Adjustment On an annual basis, the Nasdaq-100 Index ®weights are adjusted using a two-stage weight adjustment scheme according to security-level constraints. Index securities’ initial weights are determined via the quarterly weight adjustment procedure. If the first weight distribution condition is met and the current weight of any single Nasdaq-100 Index ®stock is greater than 15%, initial weights are adjusted

| TD SECURITIES (USA) LLC | P-19 |

so that no security weight exceeds 14% of the Nasdaq-100 Index ®. If the second weight distribution condition is met and the aggregate weight of the index securities with the five largest market capitalizations is greater than 40%, stage 1 weights are adjusted so that the aggregate weight of the subset of index securities with the five largest market capitalizations is set to 38.5% and no security with a market capitalization outside of the largest five has a final index weight exceeding the lesser of 4.4% or the final index weight of the index security ranked fifth by market capitalization. Corporate