Company: TDBCP
Filing Date: 2025-03-03
Form Type: 424B3
Source: 0001140361-25-006726
Chunk: 34

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-03
Form: 424B3
Chunk 34
---
 if there is a Market Disruption Event on that date, the calculation agent will determine (or, if not determinable, estimate) the Observation Level on that fifth scheduled Market Measure Business Day. If, due to a Market Disruption Event or otherwise, a scheduled Observation Date is postponed, the relevant Call Settlement Date will be postponed to approximately the fifth Business Day following the Observation Date as postponed, unless otherwise specified in the applicable term sheet. The Starting Value, the Observation Level and the Ending Value Starting Value In the case of an Index, unless otherwise specified in the applicable term sheet, the “ Starting Value” will be the closing level of the Index on the pricing date. In the case of an Underlying Fund, unless otherwise specified in the term sheet, the “ Starting Value” will be the Closing Market Price (as defined below) of the Underlying Fund on the pricing date. If the Market Measure consists of a Basket, the Starting Value will be equal to 100. See “— Basket Market Measures” below. Observation Level In the case of an Index, unless otherwise specified in the applicable term sheet, the “ Observation Level” will be the closing level of the Index on the applicable Observation Date. PS-26 In the case of an Underlying Fund, unless otherwise specified in the applicable term sheet, the “ Observation Level” will equal the Closing Market Price of the Underlying Fund on the applicable Observation Date multiplied by the Price Multiplier (as defined below) on that day. Ending Value In the case of an Index, unless otherwise specified in the term sheet, the “ Ending Value” will equal the average of the closing levels of the Index on each calculation day during the Maturity Valuation Period. In the case of an Underlying Fund, the “ Ending Value” will equal the average of the products of the Closing Market Price of the Underlying Fund multiplied by the Price Multiplier on each calculation day during the Maturity Valuation Period. The “ Maturity Valuation Period” means the period consisting of one or more calculation days shortly before the maturity date. The timing and length of the period will be set forth in the applicable term sheet. Unless otherwise set forth in the applicable term sheet, the “ closing level” of an Index (or any successor index) will be its official closing level published by its Market Measure Publisher on any Market Measure Business Day for the Market Measure, in each case as displayed on the relevant Bloomberg L.P. page or any successor page or service. The “ Closing Market Price” for one share of