Company: TDBCP
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0001140361-25-036760
Chunk: 30

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-30
Form: 424B2
Chunk 30
---
 are subject to withholding on dividend equivalents. It is 
 also possible that withholding tax or other tax under Section 871(m) of the Code could apply to the securities under these rules if you enter, or have entered, into certain other transactions in respect of the underlying indices, index     
 constituent stocks or the securities. If you enter, or have entered, into other transactions in respect of the underlying indices, index constituent stocks or the securities, you should consult your tax advisor regarding the application of 
 Section 871(m) of the Code to your securities in the context of your other transactions.                                                                                                                                                        |
| Because of the uncertainty regarding the application of the 30% withholding tax on dividend equivalents to the securities, you are urged to consult your tax advisor                                                                            
 regarding the potential application of Section 871(m) of the Code and the 30% withholding tax to an investment in the securities.                                                                                                               |
| Foreign Account Tax Compliance Act.Legislation commonly referred to as the Foreign Account Tax Compliance Act (“FATCA”) generally imposes a                                                                                                     
 withholding tax of 30% on payments to certain non-U.S. entities (including financial intermediaries) with respect to certain financial instruments, unless various U.S. information reporting and due diligence requirements have been          
 satisfied. An intergovernmental agreement between the U.S. and the non-U.S. entity’s jurisdiction may modify these requirements. This legislation generally applies to certain financial instruments that are treated as paying U.S.-source     
 interest or other U.S.-source “fixed or determinable annual or periodical” income (“FDAP income”). Withholding (if applicable) applies to payments of U.S.-source FDAP income but, pursuant to certain Treasury regulations and IRS guidance,   
 does not apply to payments of gross proceeds on the disposition (including upon retirement) of financial instruments. As the treatment of the securities is unclear, it is possible that any contingent quarterly coupon with respect to the    
 securities could be subject to the FATCA rules. If withholding applies to the securities, we will not be required to pay any additional amounts with respect to amounts withheld. Both U.S. and non-U.S. holders should consult their tax       
 advisors regarding the potential application of FATCA to the securities.                                                                                                                                                                        |
| Proposed Legislation.In 2007, legislation was introduced in Congress that, if it had been enacted, would have required holders of securities similar                                                                                            
 to the securities purchased after the bill was enacted to accrue interest income over the term of such securities despite the fact that there may