Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 100

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 100
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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 (“NI 45-106”) with rights of rescission or damages, or both, where an offering memorandum or any
amendment thereto contains a misrepresentation as summarized below. For the purposes of this section, “misrepresentation” means: (a) an untrue statement of a fact that significantly affects, or would reasonably be expected to have a
significant effect on, the market price or the value of securities (a material fact); or (b) an omission to state a material fact that is required to be stated or that is necessary to make a statement not misleading in the light of the
circumstances in which it was made. The following is a summary only and purchasers should refer to the applicable provisions of the securities legislation for the particulars of these rights or consult with a legal advisor.

Where an offering memorandum or any amendment thereto contains a misrepresentation, a purchaser who purchases a security offered by the
offering memorandum during the period of distribution has, without regard to whether the purchaser relied on the misrepresentation, a statutory right of action for damages against the issuer. Alternatively, the purchaser may elect to exercise the
right of rescission against the issuer or selling security holder (in which case, the purchaser will have no right of action for damages against the issuer or selling security holder).

Securities legislation in Ontario provides a number of limitations and defenses, including: (a) no person or company will be liable if it
proves that the purchaser purchased the securities with knowledge of the

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misrepresentation; (b) in a case of an action for damages, the defendant will not be liable for all or any portion of the damages that it proves does not represent the depreciation in value
of the securities as a result of the misrepresentation relied upon; and (c