加拿大丰业银行美股招股说明书(2025-06-24版)

Registration No. 333-282565 General ￭The notes offered by this pricing supplement (the “Notes”) are unsubordinated and unsecured debt securities of The Bank of NovaScotia (the “Bank”) and any payments on the Notes are subject to the credit risk of the Bank￭If the Final Value of the S&P 500®Index (the “Reference Asset”) is equal to or greater than the Closing Value of the ReferenceAsset on the Trade Date (the “Initial Value”), the Notes offer a return equal to the positive performance of the Reference Asset,subject to a maximum upside return of at least 14.46% (the “Maximum Upside Return”, to be determined on the Trade Date)￭If the Final Value is less than the Initial Value and equal to or greater than 75.00% of the Initial Value (the “Buffer Value”), the Notesoffer a return equal to the absolute value of any decrease in the level of the Reference Asset from the Initial Value to the Final Value￭If the Final Value is less than the Buffer Value, you will lose approximately 1.3333% of the Principal Amount of the Notes for each1% decrease from the Initial Value to the Final Value of more than 25.00% and you may lose up to 100% of the Principal Amount￭The Notes do not bear interest or pay any coupons prior to maturity￭The Trade Date is expected to be June 27, 2025 and the Notes are expected to settle on July 2, 2025 and will have a term ofapproximately 2 years￭Minimum investment of $10,000 and integral multiples of $1,000 in excess thereof￭CUSIP / ISIN: 06418VYX6 / US06418VYX62￭See “Summary” beginning on page P-3 herein for additional information and definitions of the terms used but not defined above All payments on the Notes will be made in cash and will only be paid at maturity.Any payment on your Notes is subject to thecreditworthiness of the Bank. Investment in the Notes involves certain risks. You should refer to “Additional Risks” beginning on page P-10 of this pricingsupplement and “Additional Risk Factors Specific to the Notes” beginning on page PS-6 of the accompanying product supplementand “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement and on page 8 of the accompanyingprospectus. The initial estimated value of your Notes at the time the terms of your Notes are set on the Trade Date is expected to be between$949.22 and $979.22 per $1,000 Principal Amount, which will be less than the Original Issue Price of your Notes listed below.See“Additional Information Regarding Estimated Value of the Notes” on the following page and “Additional Risks – Risks Relating to EstimatedValue and Liquidity” beginning on page P-11 of this document for additional information. The actual value of your Notes at any time willreflect many factors and cannot be predicted with accuracy. (1)The Original Issue Price for certain fiduciary accounts may be as low as $985.00. (2)Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, will purchase the Notes at the Original Issue Price and, as part of the distribution of the Notes, will sellthe Notes to J.P. Morgan Securities LLC (“JPMS”). JPMS and its affiliates will act as placement agents for the Notes (together, with SCUSA the“Agents”). The placement agents will receive a fee of 1.50% per Note, but will forgo fees for sales to fiduciary accounts. The total fees represent theamount that the placement agents receive from sales to accounts other than fiduciary accounts. Neither the United States Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved ordisapproved of the Notes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanying productsupplement, underlier supplement, prospectus supplement or prospectus. Any representation to the contrary is a criminal offense. The Notes are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the Canada Deposit InsuranceCorporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation (the “FDIC”) or any other government agencyof Canada, the United States or any other jurisdiction. Pricing Supplement dated [], 2025 The Notes offered hereunder are unsubordinated and unsecured obligations of the Bank and are subject to investment risksincluding the credit risk of the Bank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The Bank of NovaScotia. The Notes will not be listed on any U.S. securities exchange or automated quotation system. The Notes are derivative products based on the price return of the Reference Asset. All payments on the Notes will be made incash. The Notes do not constitute a hypothetical direct investment in the Reference Asset or any of the constituent stocks of theReference Asset (the “Reference Asset Constituent Stocks”). By acquiring the Notes, you will not have a direct economic or otherinterest in, claim or entitlement to, or any legal or beneficial ownership of, any Reference Asset Constituent Stock or any rights asa holder of a Reference As