Company: TDBCP
Filing Date: 2025-04-04
Form Type: 424B2
Source: 0001140361-25-012281
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-04
Form: 424B2
Chunk 0
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| Filed Pursuant to Rule 424(b)(2)      
 Registration Statement No. 333-283969 |

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 4, 2025.

Pricing Supplement dated , 2025 to the Product Supplement MLN-EI-1 dated February 26, 2025, Underlier Supplement dated February 26, 2025 and Prospectus dated February 26, 2025

The Toronto-Dominion Bank (“TD” or “we”) is offering the Autocallable Barrier Notes (the “Notes”) linked to the EURO STOXX 50 ® Index(the “Reference Asset”) described below. The Notes will be automatically called if, on the Call Observation Date the Closing Level of the Reference Asset is greater than or equal to the Call Threshold Level, which is equal to 100.00% of the Initial Level. If the Notes are automatically called, on the Call Payment Date, we will pay a cash payment per Note equal to the Call Price. The “Call Price” is $1,107.00 which is equal to the Principal Amount plus a percentage return equal to the “Call Return” of 10.70% per annum. Following an automatic call, no further amounts will be owed under the Notes. If the Notes are not automatically called (meaning that the Closing Level of the Reference Asset is less than the Call Threshold Level on the Call Observation Date), the amount we pay at maturity, if anything, will depend on the Closing Level of the Reference Asset on the Final Valuation Date (the “Final Level”) relative to the Initial Level and Barrier Level, which is equal to 75.00% of the Initial Level. If the Notes are not automatically called and the Final Level is greater than the Initial Level, the Notes provide unleveraged participation in the positive return of the Reference Asset from the Initial Level to the Final Level. If the Notes are not automatically called and the Final Level is equal to or less than the Initial Level but greater than or equal to the Barrier Level, investors will receive their Principal Amount at maturity. If, however, the Notes are not automatically called and 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