Company: TDBCP
Filing Date: 2025-07-01
Form Type: 424B3
Source: 0001140361-25-024370
Chunk: 20

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-01
Form: 424B3
Chunk 20
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 ex-date at a price of zero (with no divisor adjustment) and will remain in the Index for at least one trading day. On the ex-date the
    spin-off will have the same attributes and capping adjustment factor as its parent company. The spin-off security will remain in the Index if it meets all eligibility criteria. If the spin-off security is determined ineligible to remain in the Index,
    it will generally be removed after at least one day of regular way trading (with a divisor adjustment). The weight of the spin-off being deleted is reinvested across all the constituents proportionately such that the relative weights of all
    constituents are unchanged. The net change in Index market capitalization will cause a divisor change.

Companies that are spun off from a constituent do not need to meet the eligibility criteria for new constituents, but they should be considered U.S. domiciled for Index purposes. At the discretion of the
    S&P Index Committee, a spin-off company may be retained in the Index if the S&P Index Committee determines it has a total market capitalization representative of the Index. If the spin-off company’s estimated market capitalization is below the
    minimum unadjusted company market capitalization for the Index but there are other constituents that have a significantly lower total market capitalization than the spin-off company, the S&P Index Committee may decide to retain the spin-off company
    in the Index.

Several additional types of corporate actions, and their related treatment, are listed in the table below.

| Corporate Action              |     | Treatment                                                                                                                                                                                       |
| Constituent addition/deletion |     | Addition                                                                                                                                                                                        
 Constituents are added at the float market capitalization weight. The net change to the Index market capitalization causes a divisor adjustment.                                                
 Deletion                                                                                                                                                                                        
 The weights of all constituents in the Index will proportionally change. Relative weights will stay the same. The divisor will change due to the net change in the Index market capitalization. |

| Capped Notes with Absolute Return Buffer | TS-11 |

| Capped Notes with Absolute Return Buffer        
 Linked to the S&P 500®Index due September, 2026 |

| Change in shares outstanding |     | Increasing (decreasing) the shares outstanding increases (decreases) the market capitalization of the Index. The change to the Index market capitalization causes a divisor adjustment.           |
| Split/reverse split          |     | Shares outstanding are adjusted by split ratio. Stock price is adjusted by split ratio. There is no change to the