Company: TDBCP
Filing Date: 2025-07-16
Form Type: 424B2
Source: 0001140361-25-025992
Chunk: 28

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-16
Form: 424B2
Chunk 28
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) the prior Initial Price, Call Threshold Price, Buffer Price and/or any other relevant term, as applicable, times (2) a fraction, the numerator of which is the amount by which the Closing Price on the Trading Day before the ex-dividend date exceeds the extraordinary dividend amount and the denominator of which is the Closing Price on the Trading Day before the ex-dividend date. The Initial Price, Call Threshold Price, Buffer Price and/or any other relevant term, as applicable, will not be adjusted, however, unless the ex-dividend date occurs after the Pricing Date and on or before the Call Valuation Date or Final Valuation Date, as applicable. The extraordinary dividend amount with respect to an extraordinary dividend for the Reference Asset equals:

| • | for an extraordinary dividend that is paid in lieu of a regular quarterly dividend, the amount of the extraordinary dividend per share of the Reference Asset minus the amount per share of the 
 immediately preceding dividend, if any, that was not an extraordinary dividend for the Reference Asset; or                                                                                      |

| • | for an extraordinary dividend that is not paid in lieu of a regular quarterly dividend, the amount per share of the extraordinary dividend. |

To the extent an extraordinary dividend is not paid in cash, the value of the non cash component will be determined by the Calculation Agent. A distribution on the Reference Asset that is a share dividend, an issuance of transferable rights or warrants or a spin off event and also an extraordinary dividend will result in an adjustment to the Initial Price, Call Threshold Price, Buffer Price and/or any other relevant term, as applicable, only as described under “— Share Splits and Share Dividends” above, “—Transferable Rights and Warrants” below or “— Reorganization Events” below, as the case may be, and not as described here. Transferable Rights and Warrants If the Reference Asset Issuer issues transferable rights or warrants to all holders of the Reference Asset to subscribe for or purchase the Reference Asset at an exercise price per share that is less than the Closing Price on the Trading Day before the ex-dividend date for the issuance, then the Calculation Agent may adjust the Initial Price, Call Threshold Price, Buffer Price and/or any other relevant term, as applicable, of the Reference Asset as the Calculation Agent determines appropriate to account for the economic effect of such issuance, and may reference, without limitation, any adjustment(s) to options contracts on the Reference Asset in respect of such issuance of transferable rights or warrants made by the Options Clearing Corporation, or