Company: TDBCP
Filing Date: 2025-02-28
Form Type: 424B2
Source: 0001140361-25-006512
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-28
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 28, 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) seek unleveraged exposure to a limited range of the percentage appreciation of the Nasdaq-100 Index®(the “Reference Asset”) from the Initial Level (as                                            
 defined below) to the Closing Level of the Reference Asset on the Valuation Date (the “Final Level”) and (ii) are willing to forgo interest and any dividend payments or other distributions on the stocks comprising the Reference Asset (the 
 “Reference Asset Constituents”).                                                                                                                                                                                                               |

| • | The Payment at Maturity will be greater than the Principal Amount only if the Final Level is greater than the Initial Level. Payment on the Notes is subject to our credit risk. |

Key Terms

| Issuer:              | The Toronto-Dominion Bank (“TD”)                                                                                                                                                                                                                                         |
| Reference Asset:     | The Nasdaq-100 Index®(Bloomberg ticker: NDX)                                                                                                                                                                                                                             |
| Principal Amount:    | $1,000 per Note, subject to a minimum investment of $10,000 and integral multiples of $1,000 in excess thereof.                                                                                                                                                          |
| Term:                | Approximately 60 months. In the event that we make any change to the expected Pricing Date and Issue Date, the Calculation Agent may adjust the Valuation Date and the                                                                                                   
 Maturity Date, to ensure that the stated term of the Notes remains the same.                                                                                                                                                                                             |
| Pricing Date:        | Expected to be February 28, 2025                                                                                                                                                                                                                                         |
| Issue Date:          | Expected to be March 5, 2025, which is three DTC settlement days following the Pricing Date.See “Supplemental                                                                                                                                                            
 Plan of Distribution (Conflicts of Interest)” herein.                                                                                                                                                                                                                    |
| Valuation Date:      | Expected to be February 28,