Company: TDBCP
Filing Date: 2025-04-30
Form Type: 424B2
Source: 0001140361-25-016604
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-30
Form: 424B2
Chunk 16
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 that reflects a spread above a benchmark rate, the comparable yield is the sum of the benchmark rate on the issue date and the spread.However, a special rule provides that the comparable yield may not be less than the “applicable federal rate” published by the U.S. Treasury Department As the Notes have only a single contingent payment at maturity, the adjusted issue price of each Note at the beginning of each accrual period is equal to the issue price of the Note plus the amount of OID previously includible in the gross income of the U.S. holder in respect of prior accrual periods. 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 the projected amount for the contingent payment to be made under the CPDI, adjusted to produce the comparable yield. We have determined that the comparable yield for the Notes is equal to [●]% per annum, compounded semi-annually, with a projected payment at maturity of $[●] based on an investment of $1,000. Based on this comparable yield, if you are an initial holder that holds a Note until maturity and you calculate your taxes on a calendar year basis, we have determined that you would be required to report the following amounts as ordinary interest income from the Note, not taking into account any positive or negative adjustments you may be required to take into account based on actual payments on such Note:

| Accrual Period                          
 Issue Date through November 12, 2025    
 November 12, 2025 through May 12, 2026  | Interest Deemed to Accrue During 
 Accrual Period (per $1,000 Note) 
 $[●]                             
 $[●]                             | Total Interest Deemed to Have 
 Accrued From Original Issue   
 Date (per $1,000 Note) as of  
 End of Accrual Period         
 $[●]                          
 $[●]                          |
|:----------------------------------------|:---------------------------------|:------------------------------|
| May 12, 2026 through November 12, 2026  | $[●]                             | $[●]                          |
| November 12, 2026 through Maturity Date | $[●]                             | $[●]                          |

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