Company: TDBCP
Filing Date: 2025-02-07
Form Type: 424B2
Source: 0001140361-25-003568
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Company: TORONTO DOMINION BANK
Filing Date: 2025-02-07
Form: 424B2
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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 February 7, 2025

| Pricing Supplement dated [ ], 2025 to the               
 Product Supplement MLN-ES-ETF-1 dated March 4, 2022 and 
 Prospectus 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)(a) wish to receive a return equal to the Call Premium (as defined below) if on the Review Date, the Closing Price of the Class A common stock of Alphabet Inc. (the               
 “Reference Asset”) isgreater than or equal tothe Call Price (as defined below) or (b) if the Notes are not subject to an automatic call following the Review Date and the the Closing Price of the                             
 Reference Asset on the Final Valuation Date (the “Final Price”) isgreater than or equal tothe Initial Price (as defined below), seek a return equal to thegreater                                                              
 of(1) the Digital Return (as defined below) and (2) any percentage increase of the Reference Asset from the Initial Price (as defined below) to the Closing Price of the Reference Asset on the Final Valuation Date, (ii) are 
 willing to accept the risk of losing a significant portion or all of their Principal Amount and (iii) are willing to forgo interest and dividend payments.                                                                     |

| • | If the Notes are not subject to an automatic call and the Final Price is less than the Barrier Price, investors will lose 1% of the Principal Amount of the Notes for each 1% that the Final Price is less than 
 the Initial Price, and may lose a significant portion or all of the Principal Amount.                                                                                                                           |

| • | Any payments 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 Class A common stock of Alphabet Inc. (Bloomberg ticker: “GOOGL”)                                                                                                                                                                   |
| Principal Amount:       | $1,000 per Note, subject to a minimum investment of $10,000 and integral multiples