Company: TDBCP
Filing Date: 2025-10-28
Form Type: 424B2
Source: 0001140361-25-039577
Chunk: 35

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-28
Form: 424B2
Chunk 35
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 subject to an additional 3.8% tax on all or a                                                                                             
 portion of their “net investment income,” or “undistributed net investment income” in the case of an estate or trust, which may include any income or gain realized with respect to the securities, to the extent of their net investment income 
 or undistributed net investment income (as the case may be) that, when added to their other modified adjusted gross income, exceeds $200,000 for an unmarried individual, $250,000 for a married taxpayer filing a joint return (or a surviving  
 spouse), $125,000 for a married individual filing a separate return or the dollar amount at which the highest tax bracket begins for an estate or trust. The 3.8% Medicare tax is determined in a different manner than the regular income tax.  
 U.S. holders should consult their tax advisors as to the consequences of the 3.8% Medicare tax.                                                                                                                                                  |
| Specified Foreign Financial Assets. Certain U.S. holders that own “specified foreign financial assets” in excess of an applicable threshold may be                                                                                               
 subject to reporting obligations with respect to such assets with their tax returns, especially if such assets are held outside the custody of a U.S. financial institution. U.S. holders are urged to consult their tax advisors as to the      
 application of this legislation to their ownership of the securities.                                                                                                                                                                            |

| October 2025 | Page27 |

| $17,414,000 Callable Contingent Income Securities with Daily Coupon Observation due October 28, 2027 |
| Based on the Worst Performing of the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index 
 Principal at Risk Securities                                                                         |

| Non-U.S. Holders. The U.S. federal income tax treatment of the contingent quarterly coupons is unclear. Subject to Section 871(m) of the Code and                                                                                                
 FATCA, as discussed below, if the securities are offered to non-U.S. holders, we currently do not intend to treat contingent quarterly coupons paid to a non-U.S. holder that provides us (and/or the applicable withholding agent) with a fully 
 completed and validly executed applicable IRS Form W-8 as subject to U.S. withholding tax and we currently do not intend to withhold any tax on contingent quarterly coupons. However, it is possible that the IRS could assert that such        
 payments are subject to U.S. withholding tax, or that another withholding agent may otherwise determine that withholding is