Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 99

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 99
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 established by the Bank.

Neither the Notes nor the Series 33 Shares will be listed on any securities exchange and do not have an established trading market. Each of
the underwriters may from time to time purchase and sell Notes in the secondary market, but no underwriter is obligated to do so, and there is no assurance that there will be a secondary market for the Notes or liquidity in the secondary market if
one develops. From time to time, each of the underwriters may make a market in the Notes, but the underwriters are not obligated to do so and may discontinue any market-making activity at any time.

To the extent any underwriter that is not a U.S. registered broker-dealer intends to effect any offers or sales of any notes in the United
States, it will do so through one or more U.S. registered broker-dealers in accordance with the applicable U.S. securities laws and regulations and the rules of FINRA.

It is expected that delivery of the Notes will be made against payment therefor on or about September 23, 2025, which is the seventh business
day following the date hereof (such settlement cycle being referred to as “T+7”). Under Rule 15c6-1 under the Exchange Act, trades in the secondary market generally are required to settle in one
business day unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the business day before settlement will be required, by virtue of the fact that the Notes initially will settle
in T+7, to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to the business day before settlement should consult their own advisors.

Conflicts of Interest

TD Securities
(USA) LLC is our affiliate. The offering of the Notes will conform to the requirements of 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, a
wholly-owned subsidiary of the Bank, under applicable Canadian securities legislation.

Selling Restrictions

Canada

Rights of Action for Damages or Rescission—Ontario

Securities legislation in Ontario provides purchasers relying on the accredited investor exemption
in National Instrument 45-106—Prospectus Exemptions