Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 53

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 53
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 floating reference rate measures the fixed rate of interest payable on a hypothetical fixed-for-floatingU.S. dollar interest rate swap transaction with a maturity for a specified number of years. In the hypothetical swap transaction, the fixed rate of interest, payable annually on an Actual/360 day count basis, is exchangeable for a floating rate referencing SOFR compounded in arrears for twelve months (using standard market conventions). S-36

If the CMS rate cannot be determined as described above, unless otherwise specified in the applicable pricing supplement, the following procedures will apply:

| • |     | If the applicable rate described above is not displayed on the relevant designated CMS Reuters or Bloomberg                                                                                                                                               
 screen by 11:00 a.m., New York City time, on the interest determination date, then the CMS rate will be a percentage determined by the calculation agent after consulting such sources as the calculation agent deems comparable to the foregoing screen, 
 or any other source that it deems reasonable.                                                                                                                                                                                                             |

| • |     | Notwithstanding the above, if the calculation agent determines prior to any interest reset date that the CMS rate                                                                                     
 has been discontinued prior to the maturity date of the notes, then the fallback provisions described below will apply to the CMS rate and the floating interest rate will be determined accordingly. |

| • |     | Notwithstanding the foregoing, if the CMS rate has been permanently or indefinitely discontinued, then TD or its                                                                                                                                          
 designee will select a substitute rate for each future interest reset date with reference to (1) any alternative reference rate selected by the central bank, reserve bank, monetary authority or any similar institution (including by the               
 Alternative Reference Rates Committee or any other committee or working group thereof) and (2) accepted market practice and usage (the “Alternative Rate”). Upon selecting an Alternative Rate, TD or its designee may make adjustments,                  
 including changes to the Alternative Rate, the spread, business days, the day count fraction, interest reset dates, floating interest periods, interest payment dates and any other terms of the notes, in each case that TD or its designee determines   
 are consistent with accepted market practice for the use of such Alternative Rate for debt obligations such as the notes or are reasonably necessary for administrative or operational reasons irrespective of whether any such change is consistent with 
 accepted market practices. TD or its designee will select an Alternative Rate and make any adjustments with a view to maintaining, to the extent practical, your economic position as a holder of the notes.                                              |

| • |     | If the CMS rate