Company: TDBCP
Filing Date: 2025-05-30
Form Type: 424B2
Source: 0001140361-25-020964
Chunk: 37

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-30
Form: 424B2
Chunk 37
---
 (and, thereby, limit the potential to manipulate this figure). Where the Australian Index Committee sees fit to apply the IWF in this manner, the rationale for the decision will be announced to the market. This will be reviewed annually at the March-quarter index rebalancing date. AS51 Calculation The AS51 is calculated using a base-weighted aggregate methodology. The value of the AS51 on any day for which an index value is published is determined by a fraction, the numerator of which is the aggregate of the price of each stock in the AS51 times the number of shares of such stock included in the AS51 times that stock’s IWF, and the denominator of which is the divisor, which is described more fully below. In order to prevent the value of the AS51 from changing due to corporate actions, all corporate actions may require S&P to make an index or divisor adjustment, as described in S&P’s rules. This helps maintain the value of the AS51 and ensures that the movement of the AS51 does not reflect the corporate actions of the individual companies that comprise the AS51. In situations where an exchange is forced to close early due to unforeseen events, such as computer or electric power failures, weather conditions or other events, S&P will calculate the closing price of the indices based on (1) the closing prices published by the exchange or (2) if no closing price is available, the last regular trade reported for each security before the exchange closed. If the exchange fails to open due to unforeseen circumstances, S&P treats this closure as a standard market holiday. The AS51 will use the prior day’s closing prices and shifts any corporate actions to the following business day. If all exchanges fail to open or in other extreme circumstances, S&P may determine not to publish the AS51 for that day. S&P reserves the right to recalculate the AS51 under certain limited circumstances.

| Autocallable Strategic Accelerated Redemption Securities® | TS-25 |

| Autocallable Strategic Accelerated Redemption Securities®Linked to an International Equity Index Basket due June  , 2028 |

The following graph shows the daily historical performance of the AS51 in the period from January 1, 2015 through May 27, 2025. We obtained this historical data from Bloomberg L.P. We have not independently verified the accuracy or completeness of the information obtained from Bloomberg L.P. On May 27, 2025, the closing level of the AS51 was 8,407.562. Historical Performance