Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 97

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 97
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 the Exchange Act. Over-allotment involves syndicate sales in excess of the offering size, which creates a syndicate short position. Stabilizing transactions permit bids to purchase the underlying security so long as the
stabilizing bids do not exceed a specified maximum. Syndicate covering transactions involve purchases of the Notes in the open market after the distribution has been completed in order to cover syndicate short positions. Penalty bids permit
reclaiming a selling concession from a syndicate member when the Notes originally sold by such syndicate member are purchased in a syndicate covering transaction to cover syndicate short positions. Such stabilizing transactions, syndicate covering
transactions and penalty bids may stabilize, maintain or otherwise affect the market price of the Notes, which may be higher than it would otherwise be in the absence of such transactions. The underwriters are not required to engage in these
activities, and may end any of these activities at any time.

In the ordinary course of their various business activities, the
underwriters and their respective affiliates may make or hold a broad array of investments, including serving as counterparties to certain derivative and trading arrangements, and actively trade debt and equity securities (or related derivative
securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers, and such investment and securities activities may involve securities and/or instruments of the Bank. The underwriters and
their respective affiliates may also make investment recommendations and/or publish or express independent research views in respect of such securities or instruments and may at any time hold, or recommend to clients that they acquire, long and/or
short positions in such securities and instruments.

The Bank and certain of its affiliates will continue to engage, including during the
offering of the Notes, in various dealing and brokerage activities involving common shares of the Bank (“TD Shares”) when and to the extent permitted by applicable law. Among other things, the Bank and certain of its affiliates, as the
case may be, intend (i) to provide liquidity to the market by purchasing and selling TD Shares for their own account or to facilitate customer transactions; (ii) to make a market, from time to time, in derivatives (such as options,
warrants, convertible securities and other instruments) relating to TD Shares for their own account and the accounts of their customers; (iii) to engage in trades in TD Shares for their own account and the accounts of their customers for the
purpose of hedging their positions established in connection with the derivatives market making described above;