多伦多道明银行美股招股说明书(2026-07-16版)

The Toronto-Dominion Bank$1,158,000 Digital MSCI EAFE®Index-Linked Notes due July 14, 2028 The notes do not bear interest.The amount that you will be paid on your notes on the maturity date (July 14, 2028) is based on theperformance of the MSCI EAFE®Index as measured from the pricing date (July 14, 2026) to and including the valuation date (July 12,2028). If the final level on the valuation date is greater than or equal to the threshold level of 87.50% of the initial level of 3,131.79, youwill receive the threshold settlement amount of $1,170.10 for each $1,000 principal amount of your notes. If the final level on thevaluation date is less than the threshold level of 87.50% of the initial level, your payment, if any, will be less than the principal amountand you will have a loss equal to the percentage decrease below the threshold level times the downside multiplier of approximately1.1429.Specifically, if the final level declines by more than 12.50% from the initial level, you will lose approximately 1.1429% ofthe principal amount of your notes for every 1% that the final level has declined below the threshold level of 87.50% of theinitial level. Despite the inclusion of the threshold level, due to the downside multiplier you may lose your entire principalamount. To determine your payment at maturity, we will calculate the percentage change of the MSCI EAFE®Index, which is the percentageincrease or decrease in the final level from the initial level. At maturity, for each $1,000 principal amount of your notes, you will receivean amount in cash, if anything, equal to: ●if the percentage change is greater than or equal to -12.50% (the final level is greater than or equal to 87.50% of the initial level),the threshold settlement amount; or●if the percentage change is negative and is below -12.50% (the final level is less than the initial level by more than 12.50%), thesum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) approximately 1.1429 times (c) the sum of the percentage change plus12.50%.You will receive less than the principal amount of your notes. The notes do not guarantee the return of principal at maturity. The notes are unsecured and are not savings accounts or insured deposits of a bank. The notes are not insured or guaranteed by theCanada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other governmental agency orinstrumentality. Any payments on the notes are subject to our credit risk. The notes will not be listed or displayed on any securitiesexchange or electronic communications network. You should read the disclosure herein to better understand the terms and risks of your investment. See “Additional RiskFactors” beginning on page P-6 of this pricing supplement. Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved ofthese notes or determined that this pricing supplement, the product supplement, the underlier supplement or the prospectusis truthful or complete. Any representation to the contrary is a criminal offense. The initial estimated value of the notes at the time the terms of your notes were set on the pricing date was $984.70 per $1,000principal amount, which is less than the public offering price listed below.See “Additional Information Regarding the EstimatedValue of the Notes” on the following page and “Additional Risk Factors” beginning on page P-6 of this document for additionalinformation. The actual value of your notes at any time will reflect many factors and cannot be predicted with accuracy. The public offering price, underwriting discount and proceeds to TD listed above relate to the notes we issue initially. Wemay decide to sell additional notes after the date of this pricing supplement, at public offering prices and with underwritingdiscounts and proceeds to TD that differ from the amounts set forth above. The return (whether positive or negative) onyour investment in the notes will depend in part on the public offering price you pay for such notes. We, TD Securities (USA) LLC (“TDS”) or any of our affiliates, may use this pricing supplement in the initial sale of thenotes. In addition, we, TDS or any of our affiliates may use this pricing supplement in a market-making transaction in anote after its initial sale.Unless we, TDS or any of our affiliates informs the purchaser otherwise in the confirmationof sale, this pricing supplement will be used in a market-making transaction. Additional Information Regarding the Estimated Value of the Notes The final terms for the Notes were determined on the Pricing Date, based on prevailing market conditions, and are setforth in this pricing supplement. The economic terms of the Notes are based on TD’s internal funding rate (which is TD’sinternal borrowing rate based on variables such as market benchmarks and TD’s appetite for borrowing), and severalfactors, including any sales commissions expected to be paid to TDS,