Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 7

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 7
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, after the issue date without your consent or notice to you. For additional information as to the calculation
agent’s role, see “Description of the Notes We May Offer—Interest—Interest Rates—Floating Rate Notes—Calculation of Interest.” The calculation agent will exercise its judgment when performing its functions and may
take into consideration TD’s ability to unwind any related hedges. Since this discretion by the calculation agent may affect payments on the notes, the calculation agent may have a conflict of interest if it needs to make any such decision.
Additionally, for floating rate notes linked to certain floating rates, TD or its designee may have the discretion to replace the applicable floating rate following the occurrence of certain events and make other changes to the terms of the affected
notes, such as the spread, if any, as discussed elsewhere herein.

Significant Aspects of the U.S. Tax Treatment of the Notes May Be Uncertain.

The U.S. tax treatment of the notes may be uncertain. For instance, although we intend to treat the
bail-inable notes as debt for U.S. federal income tax purposes, there is no authority that directly addresses the U.S. federal income tax treatment of instruments such as the bail-inable notes that provide for
a bail-in conversion under certain circumstances. You should consult your own tax advisor regarding the appropriate characterization of the bail-inable notes for U.S. federal income tax purposes, and the U.S.
federal income and other tax consequences of any bail-in conversion.

In addition, because the tax
disclosure in the accompanying prospectus has been prepared without regard to any particular offering of notes, the tax disclosure does not take into account the terms of any particular note. The U.S. federal income tax consequences of a note with
terms that are not consistent with the assumptions made in the section entitled “Tax Consequences—United States Taxation” in the accompanying prospectus may be significantly different from the anticipated tax treatment discussed
therein. You should therefore not rely on the disclosure in the accompanying prospectus under “Tax Consequences—United States Taxation” with regard to an investment in any particular note because it does not take into account the
terms of any particular note or the tax consequences of investing in or holding any particular note. There may also be other features or terms of any specific offering of notes that will cause the tax section in the accompanying prospectus to be
inapplicable to any specific offering of notes. The applicable pricing supplement will generally discuss U.S. federal income tax