多伦多道明银行美股招股说明书(2026-06-26版)

The information in this preliminary pricing supplement is not complete and may be changed. We may not sell these Notes until the pricing supplement, the accompanying productsupplement, the underlier supplement and the accompanying prospectus (collectively, the “Offering Documents”) are delivered in final form. The Offering Documents are not an offer to sellthese Notes and we are not soliciting offers to buy these Notes in any state where the offer or sale is not permitted. Subject to CompletionPRELIMINARY PRICING SUPPLEMENT Dated June 25, 2026 Filed Pursuant to Rule 424(b)(2)Registration Statement No. 333-283969(To Prospectus dated February 26, 2025,Underlier Supplement dated February 26, 2025 The Toronto-Dominion Bank $• Trigger Autocallable Contingent Yield NotesLinked to the least performing of the Nasdaq-100 Index®and the EURO STOXX 50® Index due on or about June 30, 2031 Investment DescriptionThe Toronto-Dominion Bank Trigger Autocallable Contingent Yield Notes (the “Notes”) are senior, unsecured debt obligations issued by The Toronto-Dominion Bank (“TD” or the “issuer”) linked to the least performing of the Nasdaq-100 Index®and the EURO STOXX 50®Index (each an “underlying asset” and together the “underlying assets”). If the closing level of each underlying asset is equal to or greaterthan its coupon barrier on an observation date (including the final valuation date), TD will pay you a contingent coupon on the related coupon payment date. If the closing level of any underlying asset isless than its coupon barrier on an observation date, no contingent coupon will be paid for the related coupon payment date. TD will automatically call the Notes early if the closing level of each underlyingasset on any observation date(beginning after 6 months) prior to the final valuation date is equal to or greater than its call threshold level, which is a level of each underlying asset equal to a percentageof its initial level, as indicated below. If the Notes are subject to an automatic call, TD will pay you on the coupon payment date corresponding to such observation date (the “call settlement date”) a cashpayment per Note equal to the principal amount plus any contingent coupon otherwise due, and no further payments will be made on the Notes. If the Notes are not subject to an automatic call and thefinal level of each underlying asset is equal to or greater than its downside threshold, at maturity, TD will pay you a cash payment per Note equal to the principal amount. If the Notes are not subject to anautomatic call and the final level of any underlying asset is less than its downside threshold, at maturity, TD will pay you a cash payment per Note that is less than the principal amount, if anything, resultingin a percentage loss on your initial investment equal to the percentage decline in the closing level of the underlying asset with the lowest underlying return (the “least performing underlying asset”) from itsinitial level to its final level over the term of the Notes and, in extreme situations, you could lose all of your initial investment.Investing in the Notes involves significant risks. You will lose a significant Key Dates Features☐ Potential for Periodic Contingent Coupons— TD will pay a contingent coupon on the relatedcoupon payment date if the closing level of each underlying asset is equal to or greater than its Trade Date**Settlement Date** coupon barrier on an observation date (including the final valuation date). Otherwise, if theclosing level of any underlying asset is less than its coupon barrier on an observation date, nocontingent coupon will be paid for the related coupon payment date. ☐Automatic Call Feature— TD will automatically call the Notes and pay you the principal amount of your Notes plus any contingent coupon otherwise due on the related coupon paymentdate if the closing level of each underlying asset is equal to or greater than its call thresholdlevel on any observation date(beginning after 6 months) prior to the final valuation date. If theNotes were previously subject to an automatic call, no further payments will be owed to you on*Expected. See page 2 for additional details.**We expect to deliver the Notes against payment on the second business day following thetrade date. Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended (the“Exchange Act”), trades in the secondary market generally are required to settle in one business day (T+1), unless the parties to a trade expressly agree otherwise. Accordingly,purchasers who wish to trade the Notes in the secondary market on any date prior to onebusiness day before delivery of the Notes will be required, by virtue of the fact that each Note Contingent Repayment of Principal Amount at Maturity with Potential for Full DownsideMarket Exposure— If the Notes are not subject to an automatic call and the final level of eachunderlying asset is equal to or greater than its downside threshold, at maturity, TD will pay