Company: TDBCP
Filing Date: 2025-07-22
Form Type: 424B2
Source: 0001140361-25-026682
Chunk: 25

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-22
Form: 424B2
Chunk 25
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 to a reverse share split, then the Calculation Agent will adjust the Initial Price, Threshold Price and/or any other relevant term, as applicable, by multiplying the prior Initial Price, Threshold Price and/or any other relevant term, as applicable, of the Reference Asset by a number equal to: (1) the number of shares of the Reference Asset outstanding immediately before the reverse share split becomes effective; divided by (2) the number of shares of the Reference Asset outstanding immediately after the reverse share split becomes effective. The Initial Price, Threshold Price and/or any other relevant term, as applicable, will not be adjusted, however, unless the reverse share split becomes effective after the Pricing Date and on or before the Valuation Date. Extraordinary Dividends A distribution or dividend on the Reference Asset will be deemed to be an extraordinary dividend if the Calculation Agent determines that its per share value exceeds that of the immediately preceding non-extraordinary dividend, if any, by an amount equal to at least 10% of the Closing Price of the Reference Asset (as adjusted for any subsequent corporate event requiring an adjustment hereunder, such as a stock split or reverse stock split) on the Trading Day before the ex-dividend date. The Calculation Agent will determine if the dividend is an extraordinary dividend and, if so, the amount of the extraordinary dividend. Each outstanding share will be worth less as a result of an extraordinary dividend. If any extraordinary dividend occurs with respect to the Reference Asset, the Calculation Agent will adjust the Initial Price, Threshold Price and/or any other relevant term, as applicable, of the Reference Asset to equal the product of: (1) the prior Initial Price, Threshold Price and/or any other relevant term, as applicable, times (2) a fraction, the numerator of which is the amount by which the Closing Price of the Reference Asset on the Trading Day before the ex-dividend date exceeds the extraordinary dividend amount and the denominator of which is the Closing Price of the Reference Asset on the Trading Day before the ex-dividend date. The Initial Price, Threshold Price and/or any other relevant term, as applicable, will not be adjusted, however, unless the ex-dividend date occurs after the Pricing Date and on or before the Valuation Date. The extraordinary dividend amount with respect to an extraordinary dividend for the Reference Asset equals:

| • | for an extraordinary dividend that is paid in lieu of a regular quarterly dividend, the amount of the extraordinary dividend per share of the Reference Asset minus the amount per share of the 
 immediately preceding dividend, if any, that was