Company: TDBCP
Filing Date: 2025-03-28
Form Type: 424B2
Source: 0001140361-25-010933
Chunk: 1

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-28
Form: 424B2
Chunk 1
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 Agent.                                                                                                                                        |
| Barrier Level:       | 4,554.648, which is 80.00% of the Initial Level, as determined by the Calculation Agent.                                                                                                                                                       |
| CUSIP / ISIN:        | 89115H7J0 / US89115H7J08                                                                                                                                                                                                                       |

The estimated value of your Notes on the Pricing Date is expected to be between $970.00 and $995.00 per Note, as discussed further under “Additional Risk Factors — Risks Relating to Estimated Value and Liquidity” beginning on page P-4 and “Additional Information Regarding the Estimated Value of the Notes” on page P-16 of this pricing supplement. The estimated value is expected to be less than the public offering price of the Notes. The Notes are unsecured and are not savings accounts or insured deposits of a bank. The Notes are not insured or guaranteed by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other governmental agency or instrumentality.The Notes will not be listed or displayed on any securities exchange or any 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-3 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 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 product supplement, the underlier supplement or the prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

|          | Public Offering Price1 | Underwriting Discount1 2 | Proceeds to TD2 |
| Per Note |              $1,000.00 |                    $5.00 |         $995.00 |
| Total    |                     $• |                       $• |              $• |

| 1 | The public offering price for investors purchasing the Notes in fiduciary accounts may be as low as $995.00 (99.50%) per Note. |

| 2 | TD Securities (USA) LLC (“TDS” or the “Agent”) will receive a commission of $5.