Company: TDBCP
Filing Date: 2025-02-24
Form Type: 424B2
Source: 0001140361-25-005626
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-24
Form: 424B2
Chunk 0
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| Filed Pursuant to Rule 424(b)(2)      
 Registration Statement No. 333-262557 |

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 February 24, 2025.

Pricing Supplement dated, 2025to the
Product Supplement MLN-ES-ETF-1 dated March 4, 2022, and
Prospectus dated March 4, 2022

The Toronto-Dominion Bank (“TD” or “we”) is offering the Autocallable Fixed Interest Barrier Notes (the “Notes”) linked to the common stock of MongoDB, Inc. (the “Reference Asset”). The Notes will pay you an Interest Payment of $12.083 on an Interest Payment Date (including the Maturity Date), corresponding to a per annum rate of approximately 14.50%(the “Interest Rate” ),regardless of the performance of the Reference Asset, unless the Notes are subject to an automatic call. The Notes will be automatically called if, on any Call Observation Date, the Closing Value of the Reference Asset is greater than or equal to the Call Threshold Value, which is equal to 100.00% of the Initial Value. If the Notes are automatically called, on the first following Interest Payment Date (the “Call Payment Date”), we will pay you a cash payment per Note equal to the Principal Amount, plus the Interest Payment otherwise due. No further amounts will be owed under the Notes. If the Notes are not automatically called, the amount we pay at maturity, in addition to the Interest Payment otherwise due, if anything, will depend on the Closing Value of the Reference Asset on the Final Valuation Date (the “Final Value”) relative to the Barrier Value, which is equal to 85.00% of the Initial Value, calculated as follows:

| • | If the Final Value is greater than or equal to the Barrier Value: |

the Principal Amount of $1,000

| • | If the Final Value is less than the Barrier Value: |

the sum of (1) $1,000 plus (2) the product of (i) $1,000 times (ii) the Percentage Change If the Notes are not automatically called and the Final Value is less than the Barrier Value, investors will suffer a percentage loss on their initial investment that is equal to