Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 2

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 2
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 Limited Recourse Trust Assets, and all claims of the holders of Notes against the Bank under the Notes will be extinguished upon receipt of the Corresponding Limited Recourse Trust Assets. For
the avoidance of doubt, the Junior Deeply Subordinated Indebtedness includes the Notes. If the Corresponding Limited Recourse Trust Assets that are delivered to the Noteholders under such circumstances comprise Series 33 Shares or common shares of
the Bank (“Common Shares”), such Series 33 Shares or Common Shares will rank on parity with all other Class A First Preferred Shares of the Bank (“Class A First Preferred Shares”) or Common Shares, as applicable.
See “Description of the Notes”.

The Bank may, at its option, with the prior written approval of the Superintendent of
Financial Institutions appointed pursuant to the Office of the Superintendent of Financial Institutions Act (Canada) (“OSFI”) (the “Superintendent”), and without the consent of the Noteholders, redeem the Notes in cash, in
whole or in part, on not less than 10 days’ and not more than 60 days’ prior written notice to the registered Noteholders, on the Initial Reset Date and each January 31, April 30, July 31 and October 31 thereafter
(each, an “Optional Redemption Date”), at a redemption price which is equal to the aggregate of (i) the principal amount of the Notes to be redeemed, and

(ii) any accrued and unpaid interest on such Notes up to but excluding the date of redemption (the “Redemption Price”). The Bank may, at its option, with the prior written approval of the Superintendent, and without the consent of the Noteholders, redeem all (but not less than all) of the Notes at any time on not less than 10 days’ and not more than 60 days’ prior written notice following a Regulatory Event Date (as defined below) or a Tax Event Date (as defined below), at the Redemption Price; provided, in regard to a redemption pursuant to a Regulatory Event Date, the redemption must occur within 90 days following such Regulatory Event Date. In addition, upon redemption by the Bank of the Series 33 Shares held in the Limited Recourse Trust (as defined herein) in accordance with the terms of such shares, outstanding Notes with an aggregate principal amount equal to the aggregate face amount of Series 33 Shares redeemed by the Bank shall automatically and immediately be redeemed. See “Description of the Notes” and “Description of Series 33 Shares”. The Notes will not constitute deposits insured by