Company: TDBCP
Filing Date: 2025-06-25
Form Type: 424B2
Source: 0001140361-25-023591
Chunk: 11

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-25
Form: 424B2
Chunk 11
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 contained in this term sheet regarding the Underlying Fund, including, without limitation, its make-up, method of calculation, and changes in its components, have been derived from publicly available sources. The information reflects the policies of, and is subject to change by, BlackRock Fund Advisors, the advisor to the Underlying Fund (the “sponsor” or “BFA”). The sponsor has no obligation to continue to publish, and may discontinue publication of, the Underlying Fund. The consequences of the sponsor discontinuing publication of the Underlying Fund are discussed in the section entitled “Description of ARNs —Anti-Dilution and Discontinuance Adjustments Relating to Underlying Funds” beginning on page PS-28 of product supplement EQUITY ARN-1. None of us, our affiliates, the calculation agents, MLPF&S or BofAS accepts any responsibility for the calculation, maintenance or publication of the Underlying Fund or any successor Underlying Fund.

#### The iShares®MSCI Emerging Markets ex China ETF
The shares of the Underlying Fund are issued by iShares, Inc., a registered investment company. The shares of the Underlying Fund seek to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded large- and mid-capitalization emerging market equities, excluding China, as represented by the MSCI ®Emerging Markets ex China Index SM, its Underlying Index. The Underlying Fund trades on the NYSE Arca under the ticker symbol “EXMC”. Investment Objective and Strategy The investment advisor of the Underlying Fund, BlackRock Fund Advisors (“BFA”), uses a representative sampling strategy to track the Underlying Index. Representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Underlying Index. The Underlying Fund may or may not hold all of the securities that are included in the Underlying Index. The Underlying Fund generally invests at least 80% of its assets in the securities of the Underlying Index and in American Depositary Receipts or Global Depositary Receipts representing securities of the Underlying Index. The Underlying Fund may invest the remainder of its assets in securities, including securities that are not in the