Company: TDBCP
Filing Date: 2025-10-09
Form Type: 424B2
Source: 0001140361-25-037802
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-09
Form: 424B2
Chunk 0
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| The information in this preliminary term sheet is not complete and may be changed. We may not sell these notes until the final term sheet is delivered in final form. 
 We are not selling these notes, nor are we soliciting offers to buy these notes, in any State where such offer or sale is not permitted.                              |                        |                                                                                                             |
|                                                                                                                                                                       | Subject to Completion  
 Preliminary Term Sheet 
 Dated October 9, 2025  | Filed Pursuant to Rule 424(b)(2)Registration Statement No. 333-283969(To Prospectus dated February 26, 2025 
 and Product Supplement STOCK LIRN-1 dated October                                                           
 9, 2025)                                                                                                    |

|                                                                                                                      | Units$10 principal amount per unitCUSIP No.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     | Pricing Date*Settlement Date*Maturity Date* | October   , 2025October   , 2025December   , 2026 |
| *Subject to change based on the actual date the notes are priced for initial sale to the public (the “pricing date”) |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |     |                                             |                                                   |
|                                                                                                                      | Capped Notes with Absolute Return Buffer Linked to the Class A Common Stock of Palantir Technologies Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                             
 ▪Maturity of approximately 14 months▪1-to-1 upside exposure to increases in the Underlying Stock, subject to a capped return of [33.00% to 37.00%]▪A positive return equal to the absolute value of the percentage decline in the level of the Underlying Stock only if the Underlying                                                                                                                                                                                                                                                                
 Stock does not decline by more than 20.00% (e.g., if the negative return of the Underlying Stock is -5.00%, you will receive a positive return of +5.00%)▪1-to-1 downside exposure to decreases in the Underlying Stock beyond a 20.00% decline, with up to 80.00% of your principal at risk▪All payments occur at maturity and are subject to the credit risk of The Toronto-Dominion Bank▪No periodic interest payments▪In addition to the underwriting discount set forth below, the notes include a hedging-related charge of $0.05 per unit. See 
 “Structuring the Notes”▪Limited secondary market liquidity, with no exchange listing▪The notes are unsecured debt securities and are