Company: TDBCP
Filing Date: 2025-11-20
Form Type: 424B2
Source: 0001140361-25-042827
Chunk: 14

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-20
Form: 424B2
Chunk 14
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 interest if it needs to make a determination of this kind. For additional information on the Calculation Agent’s role, see “General Terms of the Notes — Role of Calculation Agent” in the product supplement. You Will Have Limited Anti-Dilution Protection and, in Certain Situations, Including a Change in Law Event, Your Return on the Notes May be Based on a Substitute Reference Asset. The Calculation Agent may adjust the Initial Value, and therefore the Contingent Interest Barrier Value and Barrier Value of a Reference Asset for stock splits, reverse stock splits, stock dividends, extraordinary dividends and other events that affect such Reference Asset, but only in the situations we describe in “General Terms of the Notes — Anti-Dilution Adjustments” in the product supplement. The Calculation Agent will not be required to make an adjustment for every event that may affect a Reference Asset. Furthermore, in certain situations, such as when a Reference Asset undergoes a Reorganization Event or a Reference Asset is delisted, such Reference Asset may be replaced by distribution property or a substitute equity security, as discussed more fully in the product supplement under “General Terms of the Notes”. Notwithstanding the Calculation Agent’s ability to make adjustments to the terms of the Notes and the Reference Assets, those events or other actions affecting a Reference Asset, Reference Asset Issuer or a third party may nevertheless adversely affect the price of the applicable Reference Asset and, therefore, adversely affect the market value of, and return on, your Notes. In addition, if a Reference Asset that is an ADR is no longer listed or admitted to trading on a U.S. securities exchange registered under the Exchange Act or included on an eligible interdealer quotation system, or if the ADR facility between the Reference Asset Issuer and the ADR depositary is terminated for any reason, then the return on the Notes will be based on the Reference Asset Issuer’s common equity securities rather than the ADRs. Alternatively, the Calculation Agent may (but is not required to) select a substitute security in the manner described in the product supplement under “General Terms of the Notes — Delisting of ADRs or Termination of, or Change in Law Event Affecting, an ADR Facility” or, if there is no substitute security, take the other actions described therein. Similarly, if a change in law event occurs, the Calculation Agent may (but is not required to) replace the Reference Asset with a substitute security as described under “General Terms of the Notes — Change in Law Event” in the product supplement.