[美股招股说明书]：道明银行美股招股说明书(2025-尊龙凯时人生就博

the toronto-dominion bank$1,100,000 digital buffered basket-linked notes due september 21, 2026 the notes do not bear interest.the amount that you will be paid on your notes on the maturity date (september 21,2026) is based on the performance of an unequally-weighted basket of five indices: the euro stoxx 50®index(38.00% weighting), topix (26.00% weighting), the ftse®100 index (17.00% weighting), the swiss market index(11.00% weighting) and the s&p/asx 200 index (8.00% weighting), as measured from the pricing date (april 8, 2025)to and including the valuation date (september 17, 2026). if the final basket level on the valuation date is greater than or equal to the initial basket level, the return on yournotes will be positive and you will receive, for each $1,000 principal amount of your notes, the greater of (i) thethreshold settlement amount of 1,133.00 and (ii) the sum of $1,000 plus the product of $1,000 times the percentagechange of the basket. if the final basket level declines by up to 10.00% from the initial basket level, you will receivethe principal amount of your notes.if the final basket level declines by more than 10.00% from the initial basketlevel, the return on your notes will be negative and you will lose approximately 1.1111% of the principalamount of your notes for every 1% that the final basket level has declined below the buffer level of 90.00% ofthe initial basket level. despite the inclusion of the buffer level, due to the downside multiplier you may loseyour entire principal amount. the initial basket level was set to 100 on the pricing date and the final basket level will equal (i) 100times(ii) thesumof 1plus, as calculated for each basket component, (a) the percentage change of each basket component from thepricing date to the valuation datemultiplied by(b) its weighting in the basket. the initial index level of each basketcomponent is: 4,773.65 with respect to the euro stoxx 50®index, 2,432.02 with respect to topix, 7,910.53 withrespect to the ftse®100 index, 11,359.12 with respect to the swiss market index and 7,509.976 with respect to thes&p/asx 200 index. to determine your payment at maturity, we will calculate the percentage change of the basket, which is thepercentage increase or decrease in the final basket level from the initial basket level. at maturity, for each $1,000principal amount of your notes, you will receive an amount in cash equal to:●if the percentage change is positive or zero (the final basket level is greater than or equal to the initial basket level), the greater of (i) the threshold settlement amount and (ii) the sum of (a) $1,000 plus (b) the product of (1)$1,000 times (2) the percentage change;●if the percentage change is negative but not below -10.00% (the final basket level is less than the initial basketlevel, but not by more than 10.00%), $1,000; or●if the percentage change is negative and is below -10.00% (the final basket level is less than the initial basketlevel by more than 10.00%), the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) the downsidemultiplier of approximately 111.11% times (c) the sum of the percentage change plus 10.00%.you will receiveless than the principal amount of your notes. decreases in the levels of the basket components may offset increases in the levels of other basketcomponents. the performance of the basket components with higher weightings will have a larger impact onyour return on the 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 orguaranteed by the canada deposit insurance corporation, the u.s. federal deposit insurance corporation or anyother governmental agency or instrumentality. any payments on the notes are subject to our credit risk. the notes willnot be listed or displayed on any securities exchange or electronic communications network. you should read the disclosure herein to better understand the terms and risks of your investment. see“additional risk factors” beginning on page p-7 of this pricing supplement. neither the u.s. securities and exchange commission nor any state securities commission has approved ordisapprovedofthesenotesordeterminedthatthispricingsupplement,theproductsupplement,theunderlier supplement or the prospectus is truthful or complete. any representation to the contrary is acriminal offense. the initial estimated value of the notes at the time the terms of your notes were set on the pricing date was$982.90 per $1,000 principal amount, which is less than the public offering price listed below.see “additionalinformation regarding the estimated value of the notes” on the following page and “additional risk factors” beginning on page p-7 of this document for additional information. the actual value of your notes at any time willreflect many factors and cannot be predicted with accuracy. the public offering price, underwriting disc