Company: TDBCP
Filing Date: 2025-03-04
Form Type: 424B3
Source: 0001140361-25-006811
Chunk: 26

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-04
Form: 424B3
Chunk 26
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 Unless otherwise set forth in the applicable term sheet, each unit will have a principal amount of $10. The CUSIP number for each issue of ARNs will be set forth in the applicable term sheet. You may transfer ARNs only in whole units. Payment at Maturity At maturity, subject to our credit risk as issuer of ARNs, you will receive the Redemption Amount, denominated in U.S. dollars. Unless otherwise specified in the applicable term sheet, the “ Redemption Amount” will be calculated as follows:

| • | If the Ending Value is greater than the Starting Value, then the Redemption Amount will equal: |

The Redemption Amount will not exceed the “ Capped Value” set forth in the applicable term sheet. PS-22

| • | If the Ending Value is less than or equal to the Starting Value, then the Redemption Amount will equal: |

The Redemption Amount will not be less than zero. Your participation in any upside performance of the Market Measure underlying your ARNs will also be impacted by the Participation Rate. The “ Participation Rate” will be 300% for ARNs unless otherwise set forth in the applicable term sheet. Each applicable term sheet will provide examples of Redemption Amounts based on a range of hypothetical Ending Values. The applicable term sheet will set forth information as to the applicable Market Measure, including information as to the historical values of the Market Measure. However, historical values of the Market Measure are not indicative of its future performance or the performance of your ARNs. An investment in ARNs does not entitle you to any ownership interest in or any other rights with respect to the Market Measure or any of its underlying securities, including any voting rights, dividends paid or other distributions made. The Starting Value and the Ending Value Starting Value In the case of an Index, unless otherwise specified in the applicable term sheet, the “ Starting Value” will be the closing level of the Index on the pricing date. In the case of an Underlying Fund, unless otherwise specified in the term sheet, the “ Starting Value” will be the Closing Market Price (as defined below) of the Underlying Fund on the pricing date. If the Market Measure consists of a Basket, the Starting Value will be equal to 100. See “— Basket Market Measures” below. Ending Value In the case of an Index, unless otherwise specified in the term sheet, the “ Ending Value” will equal the average of the closing levels of the Index on each calculation day during the Maturity Valuation Period. In the case of an Underlying