Company: TDBCP
Filing Date: 2025-03-12
Form Type: 424B2
Source: 0001140361-25-008434
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Company: TORONTO DOMINION BANK
Filing Date: 2025-03-12
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 March 12, 2025.

| Pricing Supplement dated [ ], 2025 to the           
 Product Supplement MLN-EI-1 dated February 26, 2025 
 Underlier Supplement dated February 26, 2025 and    
 Prospectus dated February 26, 2025                  | Filed Pursuant to Rule 424(b)(2)      
 Registration Statement No. 333-283969 |

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 Level of TOPIX®(the                                                                                                                                                                        
 “Reference Asset”) isgreater than or equal tothe Call Level (as defined below) or (b) if the Notes are not subject to an automatic call following the Review                                                                                                                                                                                        
 Date and the the Closing Level of the Reference Asset on the Valuation Date (the “Final Level”) isgreater than or equal tothe Initial Level (as defined below), seek a return equal to any percentage increase of the Reference Asset from the Initial Level (as defined below) to the “Final Level”, (ii) are willing to accept the risk of losing 
 some 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 Level is less than the Initial Level by more than 15.00%, investors will lose approximately 1.1765% of the Principal Amount of 
 the Notes for each 1% decrease from the Initial Level to the Final Level of more than 15.00%, and may lose some 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:     | TOPIX®(Bloomberg ticker: “TPX”)                                                                                                                                                                                                    |
| Principal Amount:    | $1,000 per Note, subject to a minimum investment of $10,000 and integral multiples of $1,000 in excess thereof.                                                                                                                    |
| Term: