Company: TDBCP
Filing Date: 2025-05-06
Form Type: 424B2
Source: 0001140361-25-017492
Chunk: 7

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-06
Form: 424B2
Chunk 7
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 markets; |

| ◾ | performance of capital markets; |

| ◾ | geopolitical conditions and economic, financial, political, regulatory or judicial events that affect markets and interest rates generally and that may affect SOFR; and |

| ◾ | the time remaining to the maturity of the Notes. |

The impact of any of the factors set forth above may enhance or offset some or all of the changes resulting from another factor or factors. A lower SOFR will result in the Interest Rate decreasing, but in no case will the Interest Rate be less than the Minimum Interest Rate. Changes in the Federal Reserve’s Methods Pursuant to which SOFR is Determined May Adversely Affect the Market Value of, and Return on, the Notes. SOFR is published by the Federal Reserve based on data received from other sources (as described further herein under “Information About the Benchmark — Compounded SOFR”). Neither TDS or other affiliates of TD have any control over the determination, calculation or publication of SOFR and there can be no guarantee that SOFR will not be discontinued or fundamentally altered in a manner that is materially adverse to the interests of the holders of the Notes. Any change to the manner in which SOFR is calculated may result in a reduction of the market value of, and return on, the Notes. As described more fully herein under “Information About the Benchmark — Compounded SOFR”, following a Benchmark Transition Event and its related Benchmark Replacement Date, the Benchmark will be based on an alternative rate and the Calculation Agent may make Spread Adjustments and Benchmark Replacement Conforming Changes, which may affect other terms of the Notes, including the Spread, as described further herein under “Information About the Benchmark — Compounded SOFR”. Additionally, because SOFR is relatively new, there may be a greater likelihood of changes to the methods pursuant to which it is determined than there would be if it had a longer publication history. Any such changes may adversely affect the market value of, and return on, the Notes. There is Limited Historical Data Regarding the Benchmark and SOFR and the Future Performance of the Benchmark and SOFR Cannot Be Predicted Based on Historical Performance. The New York Federal Reserve began to publish SOFR in April 2018, though the New York Federal Reserve has also published indicative historical SOFR going back to August 2014. Accordingly, SOFR has limited historical performance. You should not rely on any historical changes or trends in SOFR (whether based on actual or indicative historical data). The future performance of SOFR cannot be predicted