Company: TDBCP
Filing Date: 2025-02-04
Form Type: 424B2
Source: 0001140361-25-003001
Chunk: 0

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-04
Form: 424B2
Chunk 0
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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 4, 2025.

| Pricing Supplement dated , 2025 to the              
 Product Supplement MLN-EI-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) seek unleveraged exposure to a limited range of the percentage increase of the S&P 500®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”), (ii) seek unleveraged inverse exposure to a limited range of the percentage decline in the level of the 
 Reference Asset, but only if the Final Level is greater than or equal to the Buffer Level, (iii) are willing to accept the risk of losing some or all of their Principal Amount and (iv) are willing to forgo interest and dividend payments.    |

| • | If the Final Level is less than the Initial Level by more than 50.00%, investors will lose 2.00% of the Principal Amount of the Notes for each 1% decrease from the Initial Level to the Final Level of more than 
 50.00% 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:            | The S&P 500®Index (Bloomberg ticker: “SPX”)                                                                                                                                                |
| 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 2 years.                                                                                                                                                                     |
| Strike Date:                | February 3, 2025                                                                                                                                                                           |
| Pricing Date:               | February 4, 2025                                                                                                                                                                           |
| Issue Date:                 | February 7, 2025, which is the