Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 156

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 156
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 capital instruments that meet the prescribed criteria or regulatory capital instruments to support recapitalization in the event of a failure. Bail-inable debt securities and regulatory capital instruments that meet the prescribed criteria will constitute TLAC of TD. In order to comply with the TLAC Guideline, our senior debt indenture provides for terms and conditions for the bail-inable debt securities necessary to meet the prescribed criteria and qualify at their issuance as TLAC instruments of TD under the TLAC Guideline. Those criteria include the following:

| • |     | TD cannot directly or indirectly have provided financing to any person for the express purpose of investing in 
 the bail-inable debt securities;                                                                               |

| • |     | the bail-inable debt security is not subject to set-off or netting 
 rights;                                                            |

| • |     | the bail-inable debt security must not provide rights to accelerate repayment of principal or interest payments                                                           
 outside of bankruptcy, insolvency, wind-up or liquidation, except that events of default relating to the non-payment of scheduled principal and/or interest payments will 
 be permitted where they are subject to a cure period of no less than 30 business days and clearly disclose to investors that:                                             |

| (i) | acceleration is only permitted where an Order has not been made in respect of TD; and |

| (ii) | notwithstanding any acceleration, the instrument continues to be subject to a 
 bail-in conversion prior to its repayment;                                    |

| • |     | the bail-inable debt security may be redeemed (for any reason) or purchased for cancellation only at the                                                                                           
 initiative of TD and, where the redemption or purchase would lead to a breach of TD’s TLAC requirements, that redemption or purchase would be subject to the prior approval of the Superintendent; |

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| • |     | the bail-inable debt security does not have credit-sensitive dividend or coupon features that are reset 
 periodically based in whole or in part on TD’s credit standing; and                                     |

| • |     | where an amendment or variance of the bail-inable debt security’s terms and conditions would affect its               
 recognition as TLAC, that amendment or variance will only be permitted with the prior approval of the Superintendent. |

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DESCRIPTION OF COMMON SHARES AND PREFERRED SHARES

Set forth below is a summary of the material terms of the Bank’s share capital and certain provisions of the Bank Act and the
Bank’s By-laws as they relate to the Bank’s share capital. The following summary is not complete and is qualified in