道明银行美股招股说明书(2026-01-27版)

Pricing Supplement dated January 26, 2026 to theProduct Supplement MLN-EI-1 dated February 26, 2025,Underlier Supplement dated February 26, 2025 andProspectus dated February 26, 2025 The Toronto-Dominion Bank $510,000Digital Barrier Notes Linked to the Least Performing of the Nasdaq-100 Index®, the Russell 2000® 500® The Toronto-Dominion Bank (“TD” or “we”) has offered the Digital Barrier Notes (the “Notes”) linked to the least performing of the Nasdaq-100 Index®the Russell 2000®Index and the S&P 500®Index (each, a “Reference Asset” and together, the “Reference Assets”). The Notes provide a return of 30.45% (the “Digital Return”) if the Final Value of each Reference Asset is greater than or equal to its Barrier Value, whichis equal to 65.00% of its Initial Value. If the Final Value of any Reference Asset is less than its Barrier Value, investors will suffer a percentage loss on their initial investment that is equal to thepercentage decline of the Reference Asset with the lowest Percentage Change from its Initial Value to its Final Value (the “Least Performing ReferenceAsset”).Specifically, investors will lose 1% of the Principal Amount of the Notes for each 1% that the Final Value of the Least PerformingReference Asset is less than its Initial Value, and may lose the entire Principal Amount. Any payments on the Notes are subject to our credit Investors are exposed to the market risk of each Reference Asset on the Final Valuation Date and any decline in the value of one ReferenceAsset will not be offset or mitigated by a lesser decline or potential increase in the value of any other Reference Asset. The Payment atMaturity will be greater than the Principal Amount only if the Final Value of each Reference Asset is greater than or equal to its BarrierValue. The Notes do not guarantee the return of the Principal Amount and investors may lose up to their entire investment in the Notes. The Notes are unsecured and are not savings accounts or insured deposits of a bank. The Notes are not insured or guaranteed by the Canada DepositInsurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other governmental agency or instrumentality of Canada or the UnitedStates. The Notes will not be listed or displayed on any securities exchange or any electronic communications network. The Notes have complex features and investing in the Notes involves a number of risks. See “Additional Risk Factors” beginning on page P-6of this pricing supplement, “Additional Risk Factors Specific to the Notes” beginning on page PS-7 of the product supplement MLN-EI-1 datedFebruary 26, 2025 (the “product supplement”) and “Risk Factors” on page 1 of the prospectus dated February 26, 2025 (the “prospectus”). Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of theseNotes or determined that this pricing supplement, the product supplement, the underlier supplement or the prospectus is truthful orcomplete. Any representation to the contrary is a criminal offense. We will deliver the Notes in book-entry only form through the facilities of The Depository Trust Company on the Issue Date against payment inimmediately available funds. The estimated value of your Notes at the time the terms of your Notes were set on the Pricing Date was $939.10 per Note, as discussed further under“Additional Risk Factors — Risks Relating to Estimated Value and Liquidity” beginning on page P-8and “Additional Information Regarding the EstimatedValue of the Notes” on page P-21 of this pricing supplement. The estimated value is less than the public offering price of the Notes. Certain dealers who purchase the Notes for sale to certain fee-based advisory accounts may have agreed to forgo some or all of their sellingconcessions, fees or commissions. The public offering price for investors purchasing the Notes in these accounts may have been as low as $967.50 2TD Securities (USA) LLC (“TDS”) will receive a commission of $32.50 (3.25%) per Note and will use all of that commission to allow sellingconcessions to other dealers in connection with the distribution of the Notes. Such other dealers may resell the Notes to other securities dealers at thePrincipal Amount less a concession not in excess of $32.50 per Note. TD will also periodically pay one or more unaffiliated dealers a structuring feeand/or marketing fee of $5.00 per Note with respect to all of the Notes. TD will reimburse TDS for certain expenses in connection with its role in the The public offering price, underwriting discount and proceeds to TD listed above relate to the Notes we issue initially. We may decide to sell additionalNotes after the date of this pricing supplement, at public offering prices and with underwriting discounts and proceeds to TD that differ from the amountsset forth above. The return (whether positive or negative) on your investment in the Notes will depend in part on the public offering pr