New Issue: TD Bank prices $475,000 capped contingent absolute return buffered notes on S&P

Chicago, April 23 – Toronto-Dominion Bank priced $475,000 of 0% capped contingent absolute return buffered notes due Jan. 29, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the return of the index, capped at par plus 20%.

If the index falls by up to 20%, the payout will be par plus the absolute value of the return of the index.

Otherwise, investors will lose 1% for each 1% decline of the index beyond 20%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped contingent absolute return buffered notes
Underlying index:	S&P 500 index
Amount:	$475,000
Maturity:	Jan. 29, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus the return of the index, capped at par plus 20%; if the index falls by up to 20%, par plus the absolute value of the return of the index; otherwise, investors will lose 1% for each 1% decline of the index beyond 20%
Initial level:	4,890.97
Buffer level:	3,912.776, 80% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	TD Securities (USA) LLC
Fees:	0.6%
Cusip:	89115FQG9

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