Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 65

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 65
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 applicable Fixed Rate Calculation Date plus %.

“Fixed Period End Date” means the Initial Reset Date and each October 31 every fifth year thereafter.

“Fixed Rate Calculation Date” means, for any Subsequent Fixed Rate Period, the business day prior to the first day of such
Subsequent Fixed Rate Period.

“Initial Annual Fixed Dividend Rate” means, for the Initial Fixed Rate Period, the rate equal
to the interest rate per annum on the Notes in effect on the date of issue of the Notes.

“Subsequent Fixed Rate Period” means
the period from and including the Initial Reset Date to, but excluding, the next Fixed Period End Date and each five-year period thereafter from and including such Fixed Period End Date to, but excluding, the next Fixed Period End Date.

Face Amount

The face amount per Series
33 Share is US$1,000.

Dividends

During the Initial Fixed Rate Period, the holders of the Series 33 Shares will be entitled to receive fixed rate
non-cumulative preferential cash dividends, as and when declared by the board of directors, subject to the provisions of the Bank Act, payable quarterly on January 31, April 30, July 31 and
October 31 in each year, in an amount per share per annum determined by multiplying the applicable Initial Annual Fixed Dividend Rate by US$1,000 (or if then held by the Limited Recourse Trust, the Canadian Dollar Equivalent of US$1,000);
provided that, whenever it is necessary to compute any dividend amount in respect of the Series 33 Shares for a period of less than one full quarterly dividend period, such dividend amount shall be calculated on the basis of the actual number of
days in the period and a year of 365 days.

During each Subsequent Fixed Rate Period, the holders of the Series 33 Shares will be entitled
to receive fixed rate non-cumulative preferential cash dividends, as and when declared by the board of directors, subject to the provisions of the Bank Act, payable quarterly on January 31, April 30,
July 31 and October 31 in each year,

S-38

in an amount per share per annum determined by multiplying the Annual Fixed Dividend Rate applicable to such Subsequent Fixed Rate Period by US$1,000 (or if then held by the Limited Recourse
Trust, the Canadian Dollar Equivalent of US$1,000).

The Bank will determine the Annual Fixed Dividend Rate applicable to a Subsequent
Fixed Rate Period on