Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 191

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 191
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 average rate for the partial period within the taxable year in the case of an accrual period that straddles the U.S. Holder’s taxable year). Under the second method, the U.S. Holder may elect to translate interest income at
the spot rate on the last day of the accrual period (or last day of the taxable year in the case of an accrual period that straddles the U.S. Holder’s taxable year) or on the date the interest payment is received if such date is within five
business days of the end of the accrual period.

Upon receipt of an interest payment on a foreign currency debt security (including, upon
the sale of such debt security, the receipt of proceeds attributable to accrued interest previously included in income), an accrual basis U.S. Holder will recognize exchange gain or loss in an amount equal to the difference between the U.S. dollar
value of such payment (determined by translating any foreign currency received at the spot rate for such foreign currency on the date received) and the U.S. dollar value of the interest income that such U.S. Holder has previously included in income
with respect to such payment. Such gain or loss will be treated as ordinary income or loss and generally will be U.S.-source gain or loss.

Original Issue Discount

OID on an original issue discount debt security that is also a foreign currency debt security will be determined for any accrual period in the
applicable foreign currency and then translated into U.S. dollars in the same manner as interest income accrued by a holder on the accrual basis, as described above. Upon receipt of OID on such debt security (including, upon the sale of such debt
security, the receipt of proceeds attributable to OID previously included in income), a U.S. Holder will recognize exchange gain or loss (which is generally U.S.-source ordinary income or loss) in an amount determined in the same manner as interest
income received by a holder on the accrual basis, as described above.

Market Discount

The amount of market discount on foreign currency debt securities includible in income will generally be determined by translating the market
discount determined in the foreign currency into U.S. dollars at the spot rate on the date the foreign currency debt security is retired or otherwise disposed of. If the U.S. Holder has elected to accrue market discount currently, then the amount
which accrues is determined in the foreign currency and then translated into U.S. dollars on the basis of the average exchange rate in effect during such accr