道明银行美股招股说明书(2026-02-02版)

Pricing Supplement dated January 30, 2026to theProduct Supplement MLN-ES-ETF-1 dated February 26, 2025 andProspectus dated February 26, 2025 The Toronto-Dominion Bank $439,000Capped Leveraged Contingent Absolute Return Buffered Notes with Downside Leverage Linked to the common stock The Toronto-Dominion Bank (“TD” or “we”) has offered the Capped Leveraged Contingent Absolute Return Buffered Notes with Downside Leverage (the “Notes”) linked to thecommon stock of United Parcel Service, Inc. (the “Reference Asset”). The Notes provide 500.00% leveraged participation in any percentage increase in the Reference Asset from the Initial Value to the Final Value, subject to the Maximum UpsideRedemption Amount of $1,470.00 per Note, and also provide unleveraged inverse participation in any percentage decrease from the Initial Value to the Final Value but only ifthe Final Value is greater than or equal to 90.00% of the Initial Value (the “Buffer Value”). •If the Final Value is greater than the Initial Value, then the percentage return on the Notes will be positive and you will receive an amount in cash per Note reflecting areturn equal to the percentage change in the Reference Asset from the Initial Value to the Final Value (the “Percentage Change”)multiplied bythe Leverage Factor,subject to the Maximum Upside Redemption Amount. •If the Final Value is less than or equal to the Initial Value but greater than or equal to the Buffer Value, then the percentage return on the Notes will be positive and youwill receive an amount in cash per Note reflecting a return equal to the absolute value of the Percentage Change (the “Contingent Absolute Return”).•If, however, the Final Value is less than the Buffer Value, you will receive a number of shares (and/or cash in lieu of any fractional share) of the Reference Asset perNote equal to the Physical Delivery Amount, the value of which, based on the Final Value, will be worth less than the Principal Amount and may even be worthless.Specifically, based on the Final Value, investors will lose approximately 1.1111% of the Principal Amount of the Notes for each 1% that the Final Value isless than the Initial Value in excess of the Buffer Amount. Any payment on or delivery in respect of the Notes are subject to our credit risk. 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 Deposit Insurance Corporation,the U.S. Federal Deposit Insurance Corporation or any other governmental agency or instrumentality of Canada or the United States. The Notes will not be listed or displayedon any securities exchange or 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-6 of this pricingsupplement, “Additional Risk Factors Specific to the Notes” beginning on page PS-7 of the product supplement MLN-ES-ETF-1 dated February 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 these Notes or determinedthat this pricing supplement, the product supplement or the prospectus is truthful or complete. 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 in immediately available funds. The estimated value of your Notes at the time the terms of your Notes were set on the Pricing Date was $934.60 per Note, as discussed further under “Additional Risk Factors— Risks Relating to Estimated Value and Liquidity” beginning on page P-7 and “Additional Information Regarding the Estimated Value of the Notes” on page P-17 of thispricing supplement. The estimated value is less than the public offering price of the Notes. 1Certain dealers who purchase the Notes for sale to certain fee-based advisory accounts may have agreed to forgo some or all of their selling concessions, fees orcommissions. The public offering price for investors purchasing the Notes in these accounts may have been as low as $972.00 (97.20%) per Note. 2TD Securities (USA) LLC (“TDS”) will receive a commission of $28.00 (2.80%) per Note and will use all of that commission to allow selling concessions to other dealers inconnection with the distribution of the Notes. Such other dealers may resell the Notes to other securities dealers at the Principal Amount less a concession not in excess of$28.00 per Note. TD will reimburse TDS for certain expenses in connection with its role in the offer and sale of the Notes, and TD will pay TDS a fee in connection with itsrole in the offer and sale of the Notes. See “Supplemental Plan of Distribution (Conflicts of Interest)” herein. The public offering price, underwriting