Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 67

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 67
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 prior to the Initial Reset Date. Subject to the provisions of the Bank Act (see “Description of Common Shares and Preferred Shares—Limitations Affecting Holders of Common Shares and Preferred
Shares—Bank Act Restrictions and Restrictions on Payment of Dividends” in the accompanying base prospectus), the consent of the Superintendent and the provisions described below under “—Restriction on Dividends and Retirement
of Shares”, on the Initial Reset Date and each Optional Redemption Date thereafter, the Bank may redeem all, or any part, of the outstanding Series 33 Shares, at the Bank’s option without the consent of the holder, by the payment in cash
of a sum per share equal to US$1,000 (or if then held by the Limited Recourse Trust, the Canadian Dollar Equivalent of US$1,000) together with any declared and unpaid dividends (of which none are expected for so long as the Series 33 Shares are held
by the Limited Recourse Trustee) up to, but excluding, the date fixed for redemption.

When the Series 33 Shares are held by the Limited
Recourse Trust, upon the occurrence of a Special Event Date, with the prior written approval of the Superintendent, the Bank may, at its option, at any time following a Special Event Date, redeem the Series 33 Shares, in whole but not in part, by
the payment of an amount in cash for each share redeemed of the Canadian Dollar Equivalent of US$1,000 plus any declared and unpaid dividends (of which none are expected for so long as the Series 33 Shares are held by the Limited Recourse Trustee)
up to, but excluding, the date fixed for redemption (a “Special Event Redemption”), and, unless otherwise satisfied, apply, or cause the Limited Recourse Trustee to apply, the proceeds of such redemption towards the redemption

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of the Notes. “Special Event Date” means the occurrence of a Regulatory Event Date or a Tax Event Date, provided, in regard to a redemption pursuant to a Regulatory Event Date, the
redemption must occur within 90 days following such Regulatory Event Date.

If at any time the Bank, with the prior written approval of
the Superintendent, redeems Notes in accordance with their terms or purchases Notes, in whole or in part, by tender offer, open market purchases, negotiated transactions or otherwise, for cancellation, then the Bank shall, subject to the prior
written approval of the Superintendent, redeem such number of Series 33 Shares with