Company: TDBCP
Filing Date: 2025-06-25
Form Type: 424B2
Source: 0001140361-25-023591
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-25
Form: 424B2
Chunk 0
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-1 and page 1 of the prospectus. The initial estimated value of the notes at the time the terms of the notes are set on the pricing date is expected to be between $9.102 and $9.402 per unit, which is less than the public offering price listed below.See “Summary” on the following page, “Risk Factors” beginning on page TS-6 of this term sheet and “Structuring the Notes” on page TS-13 of this term sheet for additional information. The actual value of your notes at any time will reflect many factors and cannot be predicted with accuracy. None of the U.S. Securities and Exchange Commission (the “SEC”), any state securities commission, or any other regulatory body has approved or disapproved of these notes or passed upon the adequacy or accuracy of this document, product supplement EQUITY ARN-1 or the prospectus. Any representation to the contrary is a criminal offense.

|                                  |  Per Unit | Total |
|:---------------------------------|----------:|:------|
| Public offering price(1)         |  $ 10.000 | $     |
| Underwriting discount(1)         | $   0.175 | $     |
| Proceeds, before expenses, to TD | $   9.825 | $     |

| (1) | For any purchase of 300,000 units or more in a single transaction by an individual investor or in combined transactions with the investor’s household in this offering, the public offering price and the 
 underwriting discount will be $9.950 per unit and $0.125 per unit, respectively. See “Supplement to the Plan of Distribution (Conflicts of Interest)” below.                                              |

The notes:

| Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |

BofA Securities July , 2025

| Accelerated Return Notes®                                                    
 Linked to the iShares®MSCI Emerging Markets ex China ETF due September, 2026 |

Summary The Accelerated Return Notes ®Linked to the iShares ®MSCI Emerging Markets ex China ETF due September, 2026 (the “notes”) are our senior unsecured debt securities, Series H. The notes are not guaranteed or insured by the CDIC, the FDIC or any other governmental agency, and are not, either directly or indirectly, an obligation of any third party. The notes are not bail-inable debt securities (as defined in the prospectus) under the CDIC