Company: TDBCP
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001140361-25-033680
Chunk: 22

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-03
Form: 424B2
Chunk 22
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 made available on the XLY Fund’s website. Expenses of the XLY Fund reduce the net asset value of the assets held by the XLY Fund and, therefore, reduce the value of the shares of the XLY Fund. In seeking to track the performance of the fund underlying index, the XLY Fund employs a replication strategy, which means that the XLY Fund typically invests in substantially all of the securities represented in the fund underlying index in approximately the same proportions as the fund underlying index. Under normal market conditions, the XLY Fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the fund underlying index. In addition, the XLY Fund may invest in cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSGA). Shares of the XLY Fund are listed on the NYSE Arca under the ticker symbol “XLY”. Information from outside sources including, but not limited to the prospectus related to the XLY Fund and any other website referenced in this section, is not incorporated by reference in, and should not be considered part of, this document or any document incorporated herein by reference. We have not undertaken an independent review or due diligence of any publicly available information with respect to the XLY Fund or the fund underlying index. Information filed by Select Sector SPDR with the SEC, including the prospectus for the XLY Fund, can be found by reference to its SEC file numbers: 333-57791 and 811-08837 or its CIK Code: 0001064641. Historical Information We obtained the closing prices of the XLY Fund in the graph below from Bloomberg, without independent verification. The following graph sets forth daily fund closing prices of the XLY Fundfor the period from January 1, 2020 to August 29, 2025. The closing price on August 29, 2025 was $231.74. The historical performance of the XLY Fundshould not be taken as an indication of the future performance of the XLY Fund, and no assurance can be given as to the closing price of the XLY Fundon any day during the term of the securities. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

P-21

| Supplemental Discussion of Canadian Tax Consequences |

The following section supersedes and replaces in its entirety the section of the product supplement under “Supplemental Discussion of Canadian Tax Consequences”