Company: TDBCP
Filing Date: 2025-08-20
Form Type: 424B2
Source: 0001140361-25-032043
Chunk: 30

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-20
Form: 424B2
Chunk 30
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ordinary Dividends A distribution or dividend on a Reference Asset will be deemed to be an extraordinary dividend if the Calculation Agent determines that its per share value exceeds that of the immediately preceding non-extraordinary dividend, if any, by an amount equal to at least 10% of its Closing Price (as adjusted for any subsequent corporate event requiring an adjustment hereunder, such as a stock split or reverse stock split) on the Trading Day before the ex-dividend date. The Calculation Agent will determine if the dividend is an extraordinary dividend and, if so, the amount of the extraordinary dividend. Each outstanding share will be worth less as a result of an extraordinary dividend. If any extraordinary dividend occurs with respect to a Reference Asset, the Calculation Agent will adjust its Initial Price, Threshold Price and/or any other relevant term, as applicable, of such Reference Asset to equal the product of: (1) its prior Initial Price, Threshold Price and/or any other relevant term, as applicable, times (2) a fraction, the numerator of which is the amount by which its Closing Price on the Trading Day before the ex-dividend date exceeds the extraordinary dividend amount and the denominator of which is its Closing Price on the Trading Day before the ex-dividend date. Its Initial Price, Threshold 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 Final Valuation Date. The extraordinary dividend amount with respect to an extraordinary dividend for a 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 such Reference Asset minus the amount per share of 
 the immediately preceding dividend, if any, that was not an extraordinary dividend for such 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 a 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 its Initial Price, Threshold 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