加拿大丰业银行美股招股说明书(2025-01-21版)

￭Automatically callable if the closing level of the Index on any Observation Date, occurring approximatelyone, two, three, four, five and six years after the pricing date, is at or above the Starting Value ￭If not called, 1-to-1 downside exposure to decreases in the Index beyond a 15.00% decline, with up to85.00% of your principal amount at risk ￭All payments are subject to the credit risk of The Bank of Nova Scotia ￭In addition to the underwriting discount set forth below, the notes include a hedging-related charge of$0.05 per unit. See “Structuring the Notes” ￭Limited secondary market liquidity, with no exchange listing ￭The notes are unsecured debt securities and are not savings accounts or insured deposits of a bank. Thenotes are not insured or guaranteed by the Canada Deposit Insurance Corporation (the “CDIC”), theU.S. Federal Deposit Insurance Corporation (the “FDIC”), or any other governmental agency of Canada, the United States or any other jurisdiction The notes are being issued by The Bank of Nova Scotia (“BNS”). There are important differencesbetween the notes and a conventional debt security, including different investment risks and certainadditional costs. See “Risk Factors” beginning on page TS-7 of this term sheet and “Risk Factors”beginning on page PS-7 of product supplement EQUITY STR-1. The initial estimated value of the notes as of the pricing date is $9.64 per unit, which is less than thepublic offering price listed below.See “Summary” on the following page, “Risk Factors” beginning on pageTS-7 of this term sheet and “Structuring the Notes” on page TS-15 of this term sheet for additional information.The actual value of your notes at any time will reflect many factors and cannot be predicted with accuracy. None of the U.S. Securities and Exchange Commission (the “SEC”), any state securities commission, or anyother regulatory body has approved or disapproved of these notes or determined if this Note Prospectus (asdefined below) is truthful or complete. Any representation to the contrary is a criminal offense. Autocallable Strategic Accelerated Redemption Securities®Linked to the S&P 500®Index due January 31, 2031 Summary The Autocallable Strategic Accelerated Redemption Securities®Linked to the S&P 500®Index due January 31,2031 (the “notes”) are our senior unsecured debt securities. The notes are not guaranteed or insured by theCDIC or the FDIC, and are not, either directly or indirectly, an obligation of any third party. The notes are notbail-inable debt securities (as defined in the prospectus).The notes will rank equally with all of our otherunsecured senior debt. Any payments due on the notes, including any repayment of principal, will besubject to the credit risk of BNS.The notes will be automatically called at the applicable Call Amount if theObservation Level of the Market Measure, which is the S&P 500®Index (the “Index”), on any ObservationDate is equal to or greater than the Call Level. If the notes are not called, at maturity, if the Ending Value isless than the Starting Value but greater than or equal to the Threshold Value, you will receive the principalamount of your notes. If, however, the notes are not called and the Ending Value is less than the ThresholdValue, you will lose a portion, which could be significant, of the principal amount of your notes. Payments onthe notes will be calculated based on the $10 principal amount per unit and will depend on the performance ofthe Index, subject to our credit risk. See “Terms of the Notes” below. The economic terms of the notes (including the Call Premiums and Call Amounts) are based on our internalfunding rate, which is the rate we would pay to borrow funds through the issuance of market-linked notes, andthe economic terms of certain related hedging arrangements. Our internal funding rate is typically lower thanthe rate we would pay when we issue conventional fixed rate debt securities. This difference in funding rate,as well as the underwriting discount and the hedging related charge described below, reduced the economicterms of the notes to you and the initial estimated value of the notes on the pricing date. Due to these factors,the public offering price you pay to purchase the notes is greater than the initial estimated value of the notes. On the cover page of this term sheet, we have provided the initial estimated value for the notes. The initialestimated value was determined by reference to our internal pricing models, which take into considerationcertain factors, such as our internal funding rate on the pricing date and our assumptions about marketparameters. For more information about the initial estimated value and the structuring of the notes, see“Structuring the Notes” on page TS-15. Payment Determination Terms ofthe Notes Redemption Amount Determination: If the notes are not called, you will receive the Redemption Amount per unit on the maturitydate, determined as follows: anyObservationDateEndingVal