Company: TDBCP
Filing Date: 2025-04-03
Form Type: 424B2
Source: 0001140361-25-011899
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-03
Form: 424B2
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The information in this pricing supplement is not complete and may be changed. This pricing supplement is not an offer to sell nor does it seek an offer to buy these Notes in any state where the offer or sale is not permitted. Subject to Completion. Dated April 2, 2025.

| Pricing Supplement dated , 2025 to the                      
 Product Supplement MLN-ES-ETF-1 dated February 26, 2025 and 
 Prospectus Dated February 26, 2025                          | Filed Pursuant to Rule 424(b)(2)      
 Registration Statement No. 333-283969 |

General

| • | The Notes are designed for investors who (i) are willing to forgo participation in any percentage increase of the common stock of Amazon.com, Inc. (the“Reference Asset”)                                                                     
 and instead receive a fixed return if the Closing Price of the Reference Asset on the Valuation Date (the “Final Price”) increases, remains flat or does not decline below the Barrier Price, (ii) are willing to accept the risk of losing a 
 significant portion or all of their Principal Amount and (iii) are willing to forgo interest and dividend payments.                                                                                                                           |

| • | If the Final Price is less than the Barrier Price, investors will lose 1% of the Principal Amount of the Notes for each 1% that the Final Price is less than the Initial Price, and may lose a significant portion 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 common stock of Amazon.com, Inc. (Bloomberg ticker: “AMZN”)                                                                                                                                                                                |
| 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 54 weeks.                                                                                                                                                                                                                        |
| Strike Date:         | April 1, 2025                                                                                                                                                                                                                                  |
| Pricing Date:        | April 2, 2025                                                                                                                                                                                                                                  |
| Issue Date:          | April 7, 2025, which is the third DTC settlement day following the Pricing Date. See “Supplemental Plan of Distribution (Conflicts of Interest)” herein.                                                                                       |
| Valuation Date: