Company: TDBCP
Filing Date: 2025-01-28
Form Type: 424B2
Source: 0001140361-25-002192
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-28
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 January 28, 2025.

| Pricing Supplement dated , 2025 to the                  
 Product Supplement MLN-ES-ETF-1 dated March 4, 2022 and 
 Prospectus 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 Marvell Technology, Inc. (the“Reference Asset”) is greater than or equal to the Barrier Price (as defined below), (ii) are willing to accept the risk of losing a significant                                                
 portion 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 Barrier Price, investors will lose 1% of the Principal Amount of the Notes for each 1% that 
 the Final Price is less than the Initial Price, 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 Marvell Technology, Inc. (Bloomberg ticker: “MRVL”)                                                                                                                                                                        |
| Principal Amount:            | $1,000 per Note, subject to a minimum investment of $10,000 and integral multiples of $1,000 in excess thereof.                                                                                                                                |
| Term:                        | Approximately 54 weeks