道明银行美股招股说明书(2026-02-03版)

Pricing Supplement dated January 30, 2026 to theProduct Supplement MLN-EI-1 dated February 26, 2025,Underlier Supplement dated February 26, 2025 andProspectus Dated February 26, 2025 Filed Pursuant to Rule 424(b)(2)Registration Statement No. 333-283969 The Toronto-Dominion Bank$5,500,000Dual Directional Capped Contingent Barrier NotesLinked to the S&P 500®Index Due February 3, 2028 General•The Notes are designed for investors who (i) seek unleveraged exposure to a limited range of the percentage increase of the S&P 500®Index (the“Reference Asset”) from the Initial Level (as defined below) to the arithmetic average of the Closing Level of the Reference Asset on each Averaging Date (the “Final Level”), (ii) seek unleveraged inverse exposure to a limited range of the percentagedecline in the level of the Reference Asset, but only if the Final Level is greater than or equal to the Barrier Level, (iii) are willing to accept the risk of losing a significant portion or all of their Principal •If the Final Level is less than the Barrier Level, investors will lose 1% of the Principal Amount of the Notes for each 1% that the Final Level is less than the Initial Level, and may lose a significantportion or all of the Principal Amount.•Any payments on the Notes, including any repayment of principal, are subject to our credit risk. Key Terms Issuer:The Toronto-Dominion Bank (“TD”) Reference Asset:The S&P 500®Index (Bloomberg ticker: “SPX”)Principal Amount:$1,000 per Note, subject to a minimum investment of $10,000 and integral multiples of $1,000 in excess thereof.Term:Approximately 2 years.Pricing Date:January 30, 2026Issue Date:February 4, 2026, which is the third DTC settlement day following the Pricing Date. See “Supplemental Plan of Distribution (Conflicts of Interest)” herein.Final Averaging Date:January 31, 2028, subject to postponement upon the occurrence of a market disruption event as described in the accompanying product supplement. Payment at Maturity:On the Maturity Date, we will pay a cash payment, if anything, per Note equal to: •If the Final Level isgreater than or equal tothe Initial Level: Principal Amount + (Principal Amount × Contingent Absolute Return) Percentage Change:The quotient, expressed as a percentage, of the following formula: Final Level – Initial LevelInitial Level Maximum Upside Return:24.40%. If the Percentage Change is greater than or equal to 24.40%, you will receive the Maximum Upside Return of 24.40%, which entitles you to a Payment at Maturity of$1,244.00 per Note. Contingent AbsoluteReturn:The absolute value of the Percentage Change, expressed as a percentage. For example, if the Percentage Change is -5%, the Contingent Absolute Return will equal 5%. Initial Level:6,939.03, which was the Closing Level of the Reference Asset on the Pricing Date, as determined by the Calculation Agent.Final Level:The arithmetic average of the Closing Level of the Reference Asset on each of the “Averaging Dates” specified below, as determined by the Calculation Agent.Averaging Dates:January 25, 2028, January 26, 2028, January 27, 2028, January 28, 2028 and the Final Averaging Date. Each “Averaging Date” is a “Valuation Date” for the purposes of theproduct supplement and is subject to postponement upon the occurrence of a market disruption event as described in the accompanying product supplement.Barrier Level:5,551.224, which is 80.00% of the Initial Level, as determined by the Calculation Agent.CUSIP / ISIN:89115LFC7 / US89115LFC72 The estimated value of your Notes at the time the terms of your Notes were set on the Pricing Date was $979.80 per Note, as discussed further under “Additional Risk Factors — Risks Relating toEstimated Value and Liquidity” beginning on page P-4 and “Additional Information Regarding the Estimated Value of the Notes” on page P-16 of this pricing supplement. The estimated value is less than 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 DepositInsurance Corporation or any other governmental agency or instrumentality.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-3 of this pricing supplement, “Additional RiskFactors Specific to the Notes” beginning on page PS-7 of the product supplement MLN-EI-1 dated February 26, 2025, (the “product supplement”) and “Risk Factors” on page 1 of theprospectus dated February 26, 2025 (the “prospectus”). Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved ordisapproved of these Notes or determined that this pricing supplement, the product supplement, the underlier supplement or the prospectus is truthful or complete. Any representatio