Company: TDBCP
Filing Date: 2025-02-04
Form Type: 424B2
Source: 0001140361-25-003037
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-04
Form: 424B2
Chunk 0
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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 February 4, 2025.

| Pricing Supplement dated , 2025 to the                                                
 Product Supplement MLN-ES-ETF-1 dated March 4, 2022 andProspectus Dated March 4, 2022 | Filed Pursuant to Rule 424(b)(2)      
 Registration Statement No. 333-262557 |

General

| • | The Notes are designed for investors who (i) wish to receive a Contingent Interest Payment (as defined below), plus any previously unpaid Contingent Interest Payments, if on any Review Date                                                  
 the Closing Price of the common stock of Constellation Energy Corporation (the“Reference Asset”) is greater than or equal to the Buffer Price (as defined below), (ii) are willing to accept the                                               
 risk of losing some or all of their Principal Amount and of not receiving any Contingent Interest Payments over the term of the Notes and (iii) are willing to forgo fixed interest and dividend payments. Contingent Interest Payments should 
 not be viewed as periodic interest payments.                                                                                                                                                                                                   |

| • | The Notes will be automatically called prior to the Maturity Date if the Closing Price of the Reference Asset is greater than or equal to the Initial Price on any Review Date other than the                                                
 Final Review Date. If the Notes are not automatically called and the Closing Price of the Reference Asset on the Final Review Date (the “Final Price”) is less than the Initial Price by more than 25.00%, investors will lose approximately 
 1.3333% of the Principal Amount of the Notes for each 1% decrease from the Initial Price to the Final Price of more than 25.00% and may lose the entire 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 Constellation Energy Corporation (Bloomberg ticker: “CEG”)                                                                                                                                                                   |
| Principal Amount:            | $1,000 per Note, subject to a minimum investment of $10,000 and integral multiples of $1,000 in excess thereof.