Company: TDBCP
Filing Date: 2025-09-24
Form Type: 424B3
Source: 0001140361-25-035988
Chunk: 43

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-24
Form: 424B3
Chunk 43
---
 any Underlying Company is treated as a PFIC, the application of the PFIC rules to such notes would be unclear, and it is possible that U.S. holders of such notes could be subject to the PFIC rules to the extent that such notes directly or indirectly references shares in one or more PFICs. If you are a U.S. holder and you own or are deemed to own an equity interest in a PFIC for any taxable year, you would generally be required to file IRS Form 8621 with your annual U.S. federal income tax return for that year, subject to certain exceptions. Failure to timely file the form may extend the time for tax assessment by the IRS. You should refer to information filed with the SEC or the equivalent governmental authority by such entities and consult your tax advisors regarding the possible consequences to you if any such entity is or becomes a PFIC. Alternative Treatments Because of the absence of authority regarding the appropriate tax characterization of your notes, it is possible that the IRS could seek to characterize your notes in a manner that results in tax consequences to you that are materially different from those described above and could PS-36 materially and adversely affect the timing and/or character of income or loss with respect to the notes. Contingent Payment Debt Instrument.If the notes have a term greater than one year, it is possible that the notes could be treated as a debt instrument subject to the special tax rules governing contingent payment debt instruments. If the notes are so treated, generally you would be required to accrue interest income over the term of your notes based upon the yield at which we would issue a non-contingent fixed-rate debt instrument with other terms and conditions similar to your notes , adjusted upward or downward to reflect the difference, if any, between the actual and projected payments on the notes during the year. You would recognize gain or loss upon the taxable disposition (including cash settlement) of your notes in an amount equal to the difference, if any, between the amount you receive at such time and your adjusted basis in your notes. In general, your adjusted basis in your notes would be equal to the amount you paid for your notes, increased by the amount of interest income you previously accrued with respect to your notes (determined without regard to adjustments due to differences between projected and actual payments) and decreased by the projected amounts of any payments previously made on the note (without regard to actual amounts paid). Any gain you recognize upon the taxable disposition (including cash settlement) of your notes would be ordinary income and any loss recognized