Company: TDBCP
Filing Date: 2025-07-11
Form Type: 424B2
Source: 0001140361-25-025635
Chunk: 1

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-11
Form: 424B2
Chunk 1
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 applicable therein in respect of the operation of the CDIC Act with respect to the Notes. See “Description of the Debt Securities―Special Provisions Related to Bail-inable Debt Securities”, “Canadian Bank Resolution Powers” and “Risk Factors—Risks Related to the Bank’s Bail-inable Debt Securities” in the accompanying prospectus. The Notes will not be listed or displayed on any securities exchange or any electronic communications network. Investment in the Notes involves a number of risks. See “Additional Risk Factors” beginning on page P-6 of this pricing supplement, “Risk Factors” beginning on page S-4 of the prospectus supplement dated February 26, 2025 (the “prospectus supplement”) and “Risk Factors” beginning on page 1 of the prospectus dated February 26, 2025 (the “prospectus”). Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these Notes or determined that this pricing supplement, the prospectus supplement or the prospectus is truthful or complete. Any representation to the contrary is a criminal offense. We will deliver the Notes in book-entry only form through the facilities of The Depository Trust Company on the Issue Date, against payment in immediately available funds.

|          | Public Offering Price(1) | Underwriting Discount(1)(2) | Proceeds to TD(2) |
| Per Note |                $1,000.00 | Up to $34.50                | At least $965.50  |
| Total    |                       $• | $•                          | $•                |

| (1) | Certain dealers who purchase the Notes for sale to certain fee-based advisory accounts may forgo some or all of their selling concessions, fees or commissions. The public offering price for 
 investors purchasing the Notes in these accounts may be as low as $970.00 (97.00%) per Note.                                                                                                  |

| (2) | TD Securities (USA) LLC will receive a commission of up to $34.50 (3.45%) per Note and may use all or a portion of that commission to allow selling concessions to other dealers in connection                                                  
 with the distribution of the Notes. The other dealers may forgo, in their sole discretion, some or all of their selling concessions. The total “Underwriting Discount” and “Proceeds to TD” to be specified above will reflect the aggregate of 
 the Underwriting Discount per Note at the time TD established any hedge