Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 16

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 16
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 of the Bank. The proceeds of this offering are expected to qualify as “Additional Tier 1” capital of the Bank for regulatory purposes.                                                                                        |

| Separate consideration will not be received from the investors in connection with the Series 33 Shares. |

S-5

| No Public Trading Market: | The Bank does not intend to list the Notes on any national securities exchange or to arrange for quotation on any automated dealer quotation systems. There can be no assurance that an active trading market will develop for the Notes. |

| Upon a Trigger Event, pursuant to the limited recourse feature described in “Description of the Notes—Limited Recourse”, Noteholders will become holders of Common Shares. The Bank currently intends to 
 apply to list such Common Shares on the NYSE and the TSX in accordance with their respective rules and requirements.                                                                                     |

| Conflicts of Interest: | TD Securities (USA) LLC is our affiliate. Accordingly, the offering of the Notes will conform to the requirements of the Financial Industry Regulatory Authority, Inc. (“FINRA”) Rule 5121. TD Securities (USA) LLC is not permitted to 
 sell the Notes to an account over which it exercises discretionary authority without the prior specific written approval of the account holder.                                                                                         |

| The Bank is a related issuer and connected issuer of TD Securities (USA) LLC under applicable Canadian securities legislation. |

S-6

SUMMARY OF THE SERIES 33 SHARES The summary below describes the principal terms of the Series 33 Shares. Certain of the terms and conditions described below are subject to important limitations and exceptions. The “Description of Series 33 Shares” section of this prospectus supplement and the “Description of the Debt Securities” section of the accompanying base prospectus contain a more detailed description of the terms and conditions of the Series 33 Shares and the “Description of Common Shares and Preferred Shares” section of the accompanying base prospectus contains a more detailed description of Common Shares to be issued upon a Trigger Event.

| Issuer: | The Toronto-Dominion Bank |

| Issue: | 750,000 Non-Cumulative 6.350% Fixed Rate Reset Preferred Shares, Series 33 (Non-Viability Contingent Capital (NVCC)). |

| The Series 33 Shares will be issued to the Limited Recourse Trustee which will hold legal title to the Series 33 Shares in trust as trustee for the benefit of the Bank to satisfy the recourse of Noteholders in respect 
 of the Bank’s obligations under the Indenture.                                                                                                                                                                            |