Company: TDBCP
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001140361-25-035565
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-19
Form: 424B2
Chunk 0
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#### Filed Pursuant to Rule 424(b)(2)

#### Registration Statement No. 333-283969
**The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement and the accompanying product supplement, underlier
      supplement, prospectus supplement and prospectus are not an offer to sell nor does it seek these securities and we are not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.**

| PRELIMINARY PRICING SUPPLEMENT                           
 Subject to Completion, dated September 19, 2025          
 Filed Pursuant to Rule 424(b)(2)                         
 Registration Statement No. 333-283969                    
 (To Product Supplement MLN-WF-1 dated February 26, 2025, 
 Underlier Supplement dated February 26, 2025             
 and Prospectus dated February 26, 2025)                  |

|                                                                                                                                                                                                                         | The Toronto-Dominion Bank                                                                              
 Senior Debt Securities, Series H                                                                       
 Equity Index Linked Securities                                                                         
 Market Linked Securities—Leveraged Upside Participationto a Cap and Fixed Percentage Buffered Downside 
 Principal at Risk Securities Linked to the S&P 500®Indexdue October 5, 2027                            |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:-------------------------------------------------------------------------------------------------------|
| ■Linked to the S&P 500®Index (the “Index”)                                                                                                                                                                              
 ■Unlike ordinary debt securities, the securities do not pay interest or repay a fixed amount of principal at maturity. Instead, the securities provide for a maturity payment amount that may be greater than,          
 equal to or less than the face amount of the securities, depending on the performance of the Index from its starting level to its ending level. The maturity payment amount will reflect the following terms:           
 ■If the level of the Index increases, you will receive the face amount plus a positive return equal to 200% of the percentage increase in the level of the Index from the starting level,                               
 subject to a maximum return at maturity of at least 17.30% (to be determined on the pricing date) of the face amount. As a result of the maximum return, the maximum maturity payment amount will be at least $1,173.00 
 ■If the level of the Index decreases but the decrease is not more than the buffer amount of 10%, you will receive the face amount                                                                                       
 ■If the level of the Index decreases by more than the buffer amount of 10%, you will receive