Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 43

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 43
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 that are consistent with accepted market practice for the use of such Alternative Rate for debt           
 obligations such as the notes; provided however that if there is no clear market consensus as to whether any rate has replaced EURIBOR in customary market usage, TD may, in its sole discretion, determine or appoint an IFA to assist in determining an 
 appropriate Alternative Rate and any adjustments, and any such determination will be binding on TD, the calculation agent and the noteholders.                                                                                                            |

SOFR Notes If you purchase a SOFR note, your note will bear interest at an interest rate equal to SOFR, which will be the secured overnight financing rate that is published by the FRBNY and is intended to be a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities, as adjusted by the spread or spread multiplier, if any, indicated in the applicable pricing supplement. Unless we specify otherwise in the applicable pricing supplement, SOFR will be equal to Compounded SOFR or SOFR Index, as specified in the applicable pricing supplement. “ Compounded SOFR” will be determined by the calculation agent in the following manner: where “ d 0,” for any Observation Period, means the number of U.S. Government Securities Business Days in the relevant Observation Period; “ i” means a series of whole numbers from one to d0, each representing the relevant U.S. Government Securities Business Day in chronological order from, and including, the first U.S. Government Securities Business Day in the relevant Observation Period; “ SOFRi,” for any U.S. Government Securities Business Day “ i” in the relevant Observation Period, means equal to SOFR in respect of that day “ i”; S-30

“ ni,” for any U.S. Government Securities Business Day “ i” in the relevant Observation Period, means the number of calendar days from, and including, such U.S. Government Securities Business Day “ i” to, but excluding, the following U.S. Government Securities Business Day (“ i+1”); and “ d” means the number of calendar days in the relevant Observation Period. For these calculations, the daily SOFR in effect on any U.S. Government Securities Business Day will be the applicable SOFR as reset on that date. For purposes of determining Compounded SOFR, “ SOFR” means, with respect to any U.S. Government Securities Business Day:

| (1) | the Secured Overnight Financing Rate published for such U.S. Government Securities Business Day as such rate                                                         
 appears on the