Company: TDBCP
Filing Date: 2025-05-02
Form Type: 424B2
Source: 0001140361-25-017065
Chunk: 1

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-02
Form: 424B2
Chunk 1
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 not be listed or displayed on any securities exchange or electronic communications network. The Notes have complex features and investing in the Notes involves a number of risks. See “Additional Risk Factors” beginning on page P-6 of this pricing supplement, “Additional Risk Factors Specific to the Notes” beginning on page PS-7 of the product supplement MLN-EI-1 dated February 26, 2025 (the “product supplement”) and “Risk Factors” on page 1 of the prospectus dated February 26, 2025 (the “prospectus”). Neither the 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 product supplement, the underlier 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. The estimated value of your Notes at the time the terms of your Notes are seton the Pricing Date is expected to be between $920.00 and $960.00 per Note, as discussed further under “Additional Risk Factors — Risks Relating to Estimated Value and Liquidity” beginning on page P-8 and “Additional Information Regarding the Estimated Value of the Notes” on page P-21 of this pricing supplement. The estimated value is expected to be less than the public offering price of the Notes.

|          | Public Offering Price1 | Underwriting Discount1 | Proceeds to TD1 |
| Per Note |              $1,000.00 |                 $20.00 |         $980.00 |
| Total    |                     $• |                     $• |              $• |

| 1 | TD Securities (USA) LLC (“TDS”) will receive a commission of $20.00 (2.00%) 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. Such other dealers may resell the Notes to other securities dealers at the Principal Amount less a concession not in excess of $20.00 per Note. TD will reimburse TDS for certain expenses in connection with its 
 role in the offer and sale of the Notes, and TD will pay TDS a fee in connection with its role in the offer and sale of the Notes. See “Supplemental Plan of Distribution (Conflicts of Interest)” herein.