Company: TDBCP
Filing Date: 2025-01-29
Form Type: 424B2
Source: 0001140361-25-002331
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-29
Form: 424B2
Chunk 0
---
**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 29, 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) seek unleveraged exposure to a limited range of the percentage increase of the shares of the SPDR®S&P 500®ETF Trust (the“Reference Asset”) from the Initial Price (as defined below) to the Closing Price of the Reference Asset on the Valuation Date (the “Final Price”), (ii) seek unleveraged inverse exposure to a limited range of 
 the percentage decline in the price of the Reference Asset, but only if the Final Price is greater than or equal to the Buffer Price, (iii) are willing to accept the risk of losing some or all of their Principal Amount and (iv) are willing to                                                                                                                                    
 forgo interest and dividend payments.                                                                                                                                                                                                                                                                                                                                                 |

| • | If the Final Price is less than the Initial Price by more than 20.00%, investors will receive a number of shares of the Reference Asset per Note equal to the Physical Delivery Amount, the value of which, based on the 
 Final Price, will be worth less than the Principal Amount and, therefore, may lose the entire Principal Amount of the Notes.                                                                                             |

| • | Any payments or deliveries 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 shares of the SPDR®S&P 500®ETF Trust (Bloomberg ticker: “SPY”)                                                                                                                                                                                  |
| Principal Amount:           | $10,000 per Note, subject to a minimum investment of $10,000 and integral multiples of $10,000 in excess thereof.                                                                                                                                   |
| Term:                       | Approximately 2 years.                                                                                                                                                                                                                              |
| Strike Date:                | January 28, 2025