加拿大丰业银行美股招股说明书(2025-06-02版)

least performing reference asset, subject to the maximum upside payment amount of $1,197.50 for each $1,000 principal amount of yournotes. If the final level ofanyreference asset isequal toorless thanits initial level, but the final level ofeachreference asset isgreater thanorequal to90.00% of its initial level, the return on your notes will equal the participation ratetimesthe absolute value of the reference asset return of the least performing reference asset (e.g., if the reference asset return of the least performing reference asset is-5.00%, your return will be +6.00%).If the final level ofanyreference asset isless than90.00% of its initial level, the return on your notes will be negative and will equal the reference asset return of the least performing reference asset plus 10.00%. Specifically, you will lose 1% for every 1%negative percentage change in the level of the least performing reference asset below 90.00% of its initial level. You may lose up to 90.00% of the principal amount of your notes. Any payment on your notes is subject to the creditworthiness of The Bankof Nova Scotia. The amount that you will be paid on your notes at maturity is based on the performance of the least performing reference asset, which isthe reference asset with the lowest reference asset return. The reference asset return of each reference asset is the percentage increase or decrease from its initial level to its final level.At maturity, for each $1,000 principal amount of your notes, you will receive an amount in cash equal to:●if the final level ofeachreference asset isgreater thanits initial level, thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the least performing reference asset returntimes(c) the participation rate, subject to the maximum upside payment amount;●if the final level ofanyreference asset isequal toorless thanits initial level, but the final level ofeachreference asset isgreaterthan or equal to90.00% of its initial level, thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the absolute value of the times(b) thesumof (1) the least performing reference asset returnplus(2) 10.00%.You will receive less than the principalamount of your notes and could lose up to 90.00% of the principal amount of your notes.Following the determination of the initial levels, the amount you will be paid on your notes at maturity will not be affected by the closinglevel of any reference asset on any day other than the valuation date.In addition, no payments on your notes will be made prior to accompanying prospectus.The initial estimated value of your notes at the time the terms of your notes were set on the trade date was $954.10 per $1,000principal amount, which is less than the original issue price of your notes listed below.See “Additional Information Regarding Per Note Underwriting commissions12.10%$18,543.00Proceeds to The Bank of Nova Scotia197.90%$864,457.00For additional information, see “Supplemental Plan of Distribution (Conflicts of Interest)” herein. Neither the United States Securities and Exchange Commission (the “SEC”) nor any state securities commission has approvedor disapproved of the notes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanyingprospectus, prospectus supplement, underlier supplement or product supplement. Any representation to the contrary is acriminal offense.The notes are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the Canada Deposit of Canada, the United States or any other jurisdiction.Scotia Capital (USA) Inc.GoldmanSachs & Co. LLC Pricing Supplement dated May 29, 2025 dividend component. The notes are derivative products based on the performance of the least performing reference asset. Thenotes do not constitute a direct investment in any of the respective shares, units or other securities represented by any referenceasset. By acquiring the notes, you will not have a direct economic or other interest in, claim or entitlement to, or any legal orbeneficial ownership of any such share, unit or security and will not have any rights as a shareholder, unitholder or other securityholder of any of the issuers including, without limitation, any voting rights or rights to receive dividends or other distributions. after their initial sale. Unless we, SCUSA or another of our affiliates or agents selling such notes to you informs you otherwise inthe confirmation of sale, this pricing supplement is being used in a market-making transaction. See “Supplemental Plan ofDistribution (Conflicts of Interest)” in this pricing supplement and “Supplemental Plan of Distribution (Conflicts of Interest)” in the The information in this “Summary” section is qualified by the more detailed information set forth in this pricing supplement,the accompanying prospectus, prospectus supplement and product supplement, each filed with the SEC. See “Additional Terms of Your Notes” in this pricing supplement.The Bank of