Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 62

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 62
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 Trust in
accordance with the terms of such shares (the “Preferred Share Redemption”) on any date other than the Maturity Date, outstanding Notes with an aggregate principal amount equal to the aggregate face amount of Series 33 Shares redeemed by
the Bank pursuant to the Preferred Share Redemption, shall automatically and immediately be redeemed, for a cash amount equal to the Redemption Price, on a full and permanent basis, without any action on the part of, or the need for consent from,
the holders of such Notes. Unless otherwise satisfied, the Limited Recourse Trust shall be required to apply the proceeds from the redemption of the Series 33 Shares held by the Limited Recourse Trustee towards payment of such Redemption Price and
the Bank shall be required to fund the balance. For certainty, to the extent that, in accordance with the terms of the Indenture, the Bank has immediately prior to or concurrently with such redemption of Series 33 Shares redeemed or purchased for
cancellation outstanding Notes with an aggregate principal amount equal to the aggregate face amount of Series 33 Shares being redeemed, such requirement to redeem a corresponding number of Notes shall be deemed satisfied. See

S-36

“Description of Series 33 Shares—Redemption” below for a description of the circumstances under which the Series 33 Shares may be redeemed by the Bank.

The Bank will not redeem the Notes under any circumstances if such redemption would, directly or indirectly, result in the Bank’s breach
of any provision of the Bank Act or the CAR Guideline.

As a result of the redemption provisions applicable to the Series 33 Shares and
the Notes, the Limited Recourse Trustee will, at all times prior to a Recourse Event, hold one Series 33 Share for each US$1,000 principal amount of Notes outstanding.

Any Notes redeemed by the Bank shall be cancelled and may not be reissued.

Open Market Purchases

The Indenture will
provide that the Bank may, subject to the prior written approval of the Superintendent, purchase Notes, in whole or in part, by tender offer, open market purchases, negotiated transactions or otherwise in accordance with applicable securities laws
and regulations, so long as such acquisition does not otherwise violate the terms of the Indenture, upon such terms and at such prices as the Bank may determine. All Notes that are purchased by the Bank will be cancelled and will not be reissued.
Notwithstanding the foregoing, any subsidiary of the Bank may purchase Notes in the ordinary course of its business of dealing in securities.