Company: TDBCP
Filing Date: 2025-09-26
Form Type: 424B2
Source: 0001140361-25-036337
Chunk: 21

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-26
Form: 424B2
Chunk 21
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 to the issue price of the Note plus the amount of interest previously includible in the gross income of the U.S. holder, less any noncontingent payment and the projected amount of any contingent payment contained in the projected payment schedule (as described below) previously made on the CPDI. The projected payment schedule remains fixed throughout the term of the CPDI. In addition to the determination of a comparable yield, the noncontingent bond method requires the construction of a projected payment schedule. The projected payment schedule includes all noncontingent payments, and the projected amount for the contingent payments to be made under the CPDI, adjusted to produce the comparable yield. You may obtain the comparable yield and the projected payment schedule by submitting a written request to TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, NY 10017, or by calling (212) 827-7400. A U.S. holder of the Notes is required to use our projected payment schedule to determine its interest accruals and adjustments unless such holder determines that our projected payment schedule is unreasonable, in which case such holder must disclose its own projected payment schedule in connection with its U.S. federal income tax return and the reason(s) why it is not using our projected payment schedule. Neither the comparable yield nor the projected payment schedule constitutes a representation by us regarding the actual contingent amount(s) that we will pay on a Note. If the actual amount of the contingent payments that a U.S. holder receives during a taxable year are different from the amount reflected in the projected payment schedule, then the U.S. holder is required to make adjustments in its interest accruals under the noncontingent bond method with respect to such taxable year. Adjustments arising from contingent payments that are greater than the assumed amounts of those payments are referred to as “positive adjustments”; adjustments arising from contingent payments that are less than the assumed amounts are referred to as “negative adjustments”. Positive and negative adjustments are netted for each taxable year with respect to each Note. Any net positive adjustment for a taxable year is treated as additional interest income of the U.S. holder. Any net negative adjustment reduces any interest on a Note for the taxable year that would otherwise accrue. Any excess is then treated as a current-year ordinary loss to the U.S. holder to the extent of interest accrued on the Note in prior years. The balance, if any, is treated as a negative adjustment on the Note in subsequent taxable years and, to the extent that it has not previously been