Company: TDBCP
Filing Date: 2025-11-03
Form Type: 424B2
Source: 0001140361-25-040214
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-03
Form: 424B2
Chunk 0
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 Stock. Therefore, you will be adversely affected ifany Underlying Stockperforms poorly, even if another Underlying Stock performs favorably 
 ■All payments on the securities are subject to the credit risk of The Toronto-Dominion Bank (the “Bank”)                                                                                                                                                                     
 ■No exchange listing; designed to be held to maturity                                                                                                                                                                                                                        |

The estimated value of the securities at the time the terms of your securities are set on the pricing date is expected to be between $895.00 and $930.00 per security, as discussed further under “Selected Risk Considerations— Risks Relating To The Estimated Value Of The Securities And Any Secondary Market” beginning on page P-14 and “Estimated Value of the Securities” herein. The estimated value is expected to be less than the original offering price of the securities. The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See “Selected Risk Considerations” beginning on page P-12 herein and “Risk Factors” beginning on page PS-5 of the accompanying product supplement and on page 1 of the accompanying prospectus. The securities are senior unsecured debt obligations of the Bank, and, accordingly, all payments are subject to credit risk. The securities are not insured by the Canada Deposit Insurance Corporation pursuant to the Canada Deposit Insurance Corporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation or any other governmental agency of Canada, the United States or any other jurisdiction. Neither the U.S. Securities and Exchange Commission nor any state securities commission or other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this pricing supplement or the accompanying product supplement and prospectus. Any representation to the contrary is a criminal offense.

|              | Original Offering Price | Agent Discount(1) | Proceeds to The Toronto-Dominion Bank |
| Per Security |               $1,000.00 |            $23.25 |                               $976.75 |
| Total        |                         |                   |                                       |

| (1) | The Agents may receive a commission of up to $23.25 (2.325%) per security and may use a portion of that commission to allow selling concessions to other dealers in connection with the distribution of the                                     
 securities, or will offer the securities directly to investors. The Agents may resell the securities to other securities dealers at the original offering price less a concession not in excess of $17.50 (1.75%) per security.