Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 95

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 95
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, a Church Plan or a non-U.S. Plan should make its own determination as to the requirements, if any, under any Similar Law applicable to the acquisition of the Notes, Series 33 Shares on a
Recourse Event and Common Shares on a Recourse Event that is a Trigger Event or on a Contingent Conversion.

Because of the foregoing, the
Notes should not be purchased or held by any person investing “plan assets” of any Plan, unless such purchase and holding will not result a non-exempt prohibited transaction under ERISA and the
Code or a similar violation of any applicable Similar Laws.

S-57

Representation

Accordingly, by acceptance of a Note, each purchaser and subsequent transferee will be deemed to have represented and warranted that either
(i) no portion of the assets used by such purchaser or subsequent transferee to acquire or hold the Notes constitutes assets of any Plan or (ii) the purchase or holding of the Notes, Series 33 Shares on a Recourse Event and Common Shares
on a Recourse Event that is a Trigger Event or on a Contingent Conversion by such purchaser or transferee will not constitute a non-exempt prohibited transaction under Section 406 of ERISA or
Section 4975 of the Code or similar violation under any applicable Similar Laws.

The foregoing discussion is general in nature, is
not intended to be all-inclusive, and is based on laws as in effect on the date of this prospectus supplement. Such discussion should not be construed as legal advice. Due to the complexity of these rules and
the penalties that may be imposed upon persons involved in non-exempt prohibited transactions, it is particularly important that fiduciaries, or other persons considering purchasing or holding the Notes on
behalf of, or with the assets of, any Plan, consult with their legal advisors regarding the potential applicability of ERISA, Section 4975 of the Code and any Similar Laws to such investment and whether an exemption would be applicable to the
purchase and holding of the Notes.

Purchasers and holders of the Notes have the exclusive responsibility for ensuring that their purchase
and holding of the Notes complies with the fiduciary responsibility rules of ERISA, if applicable, and does not violate the prohibited transaction rules of ERISA, the Code or applicable Similar Laws. Neither we nor any underwriters, or our or their
respective agents or representatives, make any representation as to whether an investment in the Notes is appropriate for Plans in general or for any particular Plan or arrangement