Company: TDBCP
Filing Date: 2025-01-08
Form Type: 424B2
Source: 0001140361-25-000607
Chunk: 34

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-08
Form: 424B2
Chunk 34
---
 SPX market capitalization causes a divisor adjustment. |
| Split/reverse split               |     | Shares outstanding are adjusted by split ratio. Stock price is adjusted by split ratio. There is no change to the SPX market capitalization and no divisor adjustment.              |
| Change in IWF                     |     | Increasing (decreasing) the IWF increases (decreases) the market capitalization of the index. A net change to the SPX market capitalization causes a divisor adjustment.            |
| Ordinary dividend                 |     | When a company pays an ordinary cash dividend, the SPX does not make any adjustments to the price or shares of the stock. As a result, there are no divisor adjustments to the SPX. |

| TD SECURITIES (USA) LLC | P-23 |

| Special dividend |     | The stock price is adjusted by the amount of the special dividend. The net change to the SPX market capitalization causes a divisor adjustment.                                            |
| Rights offering  |     | All rights offerings that are in-the-money on the ex-date are applied under the assumption the rights are fully subscribed. The stock price is adjusted by the value of the rights and the 
 shares outstanding are increased by the rights ratio. The net change in market capitalization causes a divisor adjustment.                                                                 |

Any company that is removed from the SPX, the S&P MidCap 400 ®Index or the S&P SmallCap 600 ®Index must wait a minimum of one year from its removal date before being reconsidered as a replacement candidate for the SPX. Recalculation Policy The Index Sponsor reserves the right to recalculate and republish the SPX at its discretion in the event one of the following issues has occurred: (1) incorrect or revised closing price of one or more constituent securities; (2) missed or misapplied corporate action; (3) incorrect application of SPX methodology; (4) late announcement of a corporate action; or (5) incorrect calculation or data entry error. The decision to recalculate the SPX is made at the discretion of the index manager and/or index committee, as further discussed below. The potential market impact or disruption resulting from a recalculation is considered when making any such decision. In the event of an incorrect closing price, a missed or misapplied corporate action, a late announcement of a corporate action, or an incorrect calculation or data entry error that is discovered within two trading days of its occurrence, generally the SPX is recalculated. In the