Company: TDBCP
Filing Date: 2025-04-02
Form Type: 424B2
Source: 0001140361-25-011791
Chunk: 36

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-02
Form: 424B2
Chunk 36
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, or (iii) the non-U.S. holder has certain other present or former connections with the     
 U.S.                                                                                                                                                                                                                                                 
 Section 897. We will not attempt to ascertain whether any index constituent stock issuer would be treated as a “United States real property holding                                                                                                  
 corporation” (“USRPHC”) within the meaning of Section 897 of the Code. We also have not attempted to determine whether the securities should be treated as “United States real property interests” (“USRPI”) as defined in Section 897 of the Code.  
 If any such entity and/or the securities were so treated, certain adverse U.S. federal income tax consequences could possibly apply, including subjecting any gain to a non-U.S. holder in respect of a security upon a taxable disposition of the   
 securities to the U.S. federal income tax on a net basis, and the proceeds from such a taxable disposition to a 15% withholding tax. Non-U.S. holders should consult their tax advisors regarding the potential treatment of any index constituent   
 stock issuer as a USRPHC and/or the securities as USRPI.                                                                                                                                                                                             
 Section 871(m).A 30% withholding tax (which may be reduced by an applicable income tax treaty) is imposed under Section 871(m) of the Code on certain                                                                                                
 “dividend equivalents” paid or deemed paid to a non-U.S. holder with respect to a “specified equity-linked instrument” that references one or more dividend-paying U.S. equity securities or indices containing U.S. equity securities. The          
 withholding tax can apply even if the instrument does not provide for payments that reference dividends. Treasury regulations provide that the withholding tax applies to all dividend equivalents paid or deemed paid on specified equity-linked    
 instruments that have a delta of one (“delta-one specified equity-linked instruments”) issued after 2016 and to all dividend equivalents paid or deemed paid on all other specified equity-linked instruments issued after 2017. However, the IRS    
 has issued guidance that states that the Treasury and the IRS intend to amend the effective dates of the Treasury regulations to provide that withholding on dividend equivalents paid or deemed paid will not apply to specified equity-linked      
 instruments that are not delta-one specified equity-linked instruments and are issued before January 1, 2027.                                                                                                                                        |
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| Based on the nature of the underlying indices and our determination that the securities are not “delta-one” with respect to any underlying index or any index constituent stock, our special U.S