Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 156

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 156
---
 further rights in respect of its bail-inable debt securities to the extent those bail-inable debt securities are converted in a bail-inconversion, other than those provided under the bail-inregime. A similar compensation process to the one set out above applies, in certain circumstances, where as a result of CDIC’s exercise of bank resolution powers, debt securities are assigned to an entity which is then wound-up. TLAC Guideline In connection with the bail-inregime, the TLAC Guideline applies to and establishes standards for D-SIBs,including TD. Under the TLAC Guideline, beginning November 1, 2021, TD is required to maintain a minimum capacity to absorb losses composed of unsecured external long-term debt or regulatory capital instruments that meet the prescribed criteria or regulatory capital instruments to support recapitalization in the event of a failure. Bail-inable debt securities and regulatory capital instruments that meet the prescribed criteria will constitute TLAC of TD. In order to comply with the TLAC Guideline, our senior debt indenture provides for terms and conditions for the bail-inable debt securities necessary to meet the prescribed criteria and qualify at their issuance as TLAC instruments of TD under the TLAC Guideline. Those criteria include the following:

| • |     | TD cannot directly or indirectly have provided financing to any person for the express purpose of investing in 
 the bail-inable debt securities;                                                                               |

| • |     | the bail-inable debt security is not subject to set-off or netting 
 rights;                                                            |

| • |     | the bail-inable debt security must not provide rights to accelerate repayment of principal or interest payments                                                           
 outside of bankruptcy, insolvency, wind-up or liquidation, except that events of default relating to the non-payment of scheduled principal and/or interest payments will 
 be permitted where they are subject to a cure period of no less than 30 business days and clearly disclose to investors that:                                             |

| (i) | acceleration is only permitted where an Order has not been made in respect of TD; and |

| (ii) | notwithstanding any acceleration, the instrument continues to be subject to a 
 bail-in conversion prior to its repayment;                                    |

| • |     | the bail-inable debt security may be redeemed (for any reason) or purchased for cancellation only at the                                                                                           
 initiative of TD and, where the redemption or purchase would lead to a breach of TD’s TLAC requirements, that redemption or purchase would be subject to the prior approval of the Superintendent; |