Company: TDBCP
Filing Date: 2025-06-17
Form Type: 424B3
Source: 0001140361-25-022771
Chunk: 24

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-17
Form: 424B3
Chunk 24
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 to you or other third parties. We, the agents, and our or their respective affiliates have published, and in the future may publish, research reports on one or more of these companies. The agents may also publish research reports relating to our or our affiliates’ securities, including the SUNs. This research is modified from time to time without notice and may express opinions or provide recommendations that are inconsistent with purchasing or holding your SUNs. Any of these activities may adversely affect the value of the Market Measure and, consequently, the market value of, and return on, your SUNs. None of us, the agents, or any of PS-20 our or their respective affiliates makes any representation to any purchasers of the SUNs regarding any matters whatsoever relating to the issuers of the securities included in a Market Measure. Any prospective purchaser of the SUNs should undertake
      an independent investigation of the companies included in the Market Measure to a level that, in its judgment, is appropriate to make an informed decision regarding an investment in the SUNs. The composition of the Market Measure does not reflect any
      investment recommendations from us, the agents, or any of our or their respective affiliates. There may be potential conflicts of interest involving the calculation agent. We have the right to appoint and remove the calculation agent.We expect to appoint BofAS or one of its affiliates as the calculation agent or as joint calculation agent (along with us or one of our affiliates) for the SUNs and, as such, we and/or BofAS, as joint calculation agents or calculation agent, will determine the Starting Value, the Price Multiplier, the Threshold Value, the Ending Value, the Redemption Amount and, if applicable, each Observation Level and whether the SUNs will be automatically called. Under some circumstances, these duties could result in a conflict of interest between our status as issuer and our responsibilities as calculation agent. These conflicts could occur, for instance, in connection with the calculation agent’s determination as to whether a Market Disruption Event has occurred, or in connection with judgments that the calculation agent would be required to make if the publication of an Index is discontinued or an event occurs with respect to an Underlying Fund that requires an adjustment to the terms of your SUNs. See “Description of the SUNs—Market Disruption Events,” “—Adjustments to an Index,” and “— Discontinuance of an Index” herein. The calculation agent will be required to carry out its duties in good faith and use its reasonable judgment under certain circumstances. However,