Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B2
Source: 0001140361-25-007525
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
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 March 7, 2025.

Pricing Supplement dated , 2025 to the Product Supplement MLN-ES-ETF-1 dated February 26, 2025 and Prospectus dated February 26, 2025

The Toronto-Dominion Bank (“TD” or “we”) is offering the Digital Buffered Notes (the “Notes”) linked to the performance of the shares of the iShares ®Russell 2000 ETF (the “Reference Asset”) described below. We also refer to an exchange-traded fund as an “ETF”. The Notes provide a return of 11.80% (the “Digital Return”) if the Final Value of the Reference Asset is greater than or equal to the Initial Value. If the Final Value is less than the Initial Value but greater than or equal to 90.00% of the Initial Value (the “Buffer Value”), investors will receive the Principal Amount of the Notes. If, however, the Final Value is less than the Buffer Value, investors will lose 1% of the Principal Amount of the Notes for each 1% decrease from the Initial Value to the Final Value of more than 10.00% (the “Buffer Percentage”), and may lose up to 90.00% of the Principal Amount of the Notes. Any payments on the Notes are subject to our credit risk. The Notes are unsecured and are not savings accounts or insured deposits of a bank. The Notes are not insured or guaranteed by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other governmental agency or instrumentality of Canada or the United States. The Notes will not be listed or displayed on any securities exchange or electronic communications network.

| The Payment at Maturity will be greater than the Principal Amount only if the Final Value is greater than or equal to the Initial Value. The Notes do                            
 not guarantee the return of the Principal Amount and investors may lose up to 90.00% of their investment in the Notes. Any payments on the Notes are subject to our credit risk. |

The Notes have complex features and investing in the Notes involves a number of risks. See “Additional Risk Factors” beginning on page