Company: TDBCP
Filing Date: 2025-10-29
Form Type: 424B2
Source: 0001140361-25-039671
Chunk: 19

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-29
Form: 424B2
Chunk 19
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Indices — S&P 500 ®Index”, SPX is intended to provide an indication of the pattern of common stock price movement. The calculation of the value of SPX is based on the relative value of the aggregate market value of the common stock of 500 companies as of a particular time compared to the aggregate average market value of the common stocks of 500 similar companies during the base period of the years 1941 through 1943. Select information regarding top constituents and industry and/or sector weightings may be made available by the Index Sponsor on its website. P-15 Historical Information The graph below shows the daily historical Closing Levels of the Reference Asset from October 27, 2015 through October 27, 2025. The dotted line represents the Buffer Level of 6,187.644, which is equal to 90.00% of the Closing Level of the Reference Asset on October 27, 2025. S&P 500 ® Index (SPX) PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. P-16 Material U.S. Federal Income Tax Consequences The U.S. federal income tax consequences of your investment in the Notes are uncertain. No statutory, regulatory, judicial or administrative authority directly discusses how the Notes should be treated for U.S. federal income tax purposes. Some of these tax consequences are summarized below, but we urge you to read the more detailed discussion under “Material U.S. Federal Income Tax Consequences” in the product supplement and discuss the tax consequences of your particular situation with your tax advisor. This discussion is based upon the U.S. Internal Revenue Code of 1986, as amended (the “Code”), final, temporary and proposed U.S. Department of the Treasury (the “Treasury”) regulations, rulings and decisions, in each case, as available and in effect as of the date hereof, all of which are subject to change, possibly with retroactive effect. Tax consequences under state, local and non-U.S. laws are not addressed herein. No ruling from the U.S. Internal Revenue Service (the “IRS”) has been sought as to the U.S. federal income tax consequences of your investment in the Notes, and the following discussion is not binding on the IRS. U.S. Tax Treatment.Pursuant to the terms of the Notes, TD and you agree, in the absence of a statutory or regulatory change or an administrative determination or judicial ruling to the contrary, to characterize your Notes as prepaid derivative contracts with respect to the Reference Asset.