Company: TDBCP
Filing Date: 2025-09-24
Form Type: 424B3
Source: 0001140361-25-035988
Chunk: 40

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-24
Form: 424B3
Chunk 40
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 the notes, TD and you agree, in the absence of a statutory or regulatory change or an administrative determination or judicial ruling to the contrary, to treat the notes in accordance with this characterization. We intend to treat interest payments on the notes (including any interest payments paid on or with respect to the maturity date) as ordinary income includable in income by you in accordance with your regular method of accounting for U.S. federal income tax purposes. In addition, it is possible that the IRS could assert that any positive adjustments attributable to dividends on the Underlying Stock should be included as ordinary income at the time of adjustment; therefore, you could have ordinary PS-34 income without cash in respect of such dividend adjustments. Holders are urged to consult their tax advisors concerning the significance, and the potential impact, of the above considerations. If the notes are so treated, you should generally recognize capital gain or loss upon such taxable disposition (including cash settlement) of your notes in an amount equal to the difference between the amount you receive at such time (other than amounts representing accrued and stated periodic interest payments, which would be taxed as described in the preceding paragraph, and possibly any ordinary income attributable to dividend adjustments as discussed above) and your tax basis in the notes. In general, your tax basis in your notes will be equal to the amount you paid for your notes. Subject to the discussion below of the constructive ownership rules of Section 1260 of the Code, such recognized gain or loss should generally be long-term capital gain or loss if you have held your notes for more than one year (and otherwise, such gain or loss would be short-term capital gain or loss if held for one year or less). The deductibility of capital losses is subject to limitations. There may be a risk that the IRS could assert that the notes should not give rise to any long-term capital gain or loss because the notes offer short exposure to the Underlying Company. It is possible that the IRS could assert that your holding period in respect of your notes should end on the date on which the amount you are entitled to receive is determined, even though you will not receive any amounts from TD in respect of your notes prior to the maturity date of your notes. In this case, you may be treated as having a holding period in respect of your notes ending prior to the maturity date for your notes, and such holding period may be treated one year or less even if you receive cash at a time that is more than one year after the beginning of your holding period. Unless otherwise specified in the