加拿大丰业银行美股招股说明书(2025-06-26版)

PRELIMINARY PRICING SUPPLEMENTSubject To Completion, dated June 26, 2025Filed Pursuant to Rule 424(b)(2)Registration Statement No. 333-282565(To Product Supplement No. WF-1 dated November 8, 2024,Prospectus Supplement dated November 8, 2024and Prospectus dated November 8, 2024) The Bank of Nova Scotia Market Linked Securities—Auto-Callable with Contingent Couponand Contingent DownsidePrincipal at Risk Securities Linked to the common stock of NVIDIA Corporation due July 23, 2026 ■Linked to the common stock of NVIDIA Corporation (the “Underlying Stock”) ■Unlike ordinary debt securities, the securities do not provide for fixed payments of interest, do not repay a fixed amount of principal at stated maturity and are subject to potenmaturity upon the terms described below. Whether the securities pay a contingent coupon payment, whether the securities are automatically called prior to stated maturity acalled, whether you receive the face amount of your securities at stated maturity will depend, in each case, on the stock closing price of the Underlying Stock on the relevant c ■Contingent Coupon.The securities will pay a contingent coupon payment on a monthly basis until the earlier of stated maturity or automatic call if,and only if, the stock closion the calculation day for that month is greater than or equal to the coupon threshold price. However, if the stock closing price of the Underlying Stock on a calculation dayprice, you will not receive any contingent coupon payment for the relevant month. If the stock closing price of the Underlying Stock is less than the coupon threshold price onot receive any contingent coupon payments throughout the entire term of the securities. The coupon threshold price for the Underlying Stock is equal to 65% of the startirate will be determined on the pricing date and will be at least 13.65% per annum ■Automatic Call.If the stock closing price of the Underlying Stock on any of the monthly calculation days from January 2026 to June 2026, inclusive, is greater than or equal towill be automatically called for the face amount plus a final contingent coupon payment ■Potential Loss of Principal.If the securities are not automatically called prior to stated maturity, you will receive the face amount at stated maturity if,and only if, the stockStock on the final calculation day is greater than or equal to the downside threshold price. If the stock closing price of the Underlying Stock on the final calculation day isprice, you will lose more than 35%, and possibly all, of the face amount of your securities. The downside threshold pricefor the Underlying Stock is equal to 65% of the start ■If the securities are not automatically called prior to stated maturity, you will have full downside exposure to the Underlying Stock from the starting price if the stock closing priless than the downside threshold price, but you will not participate in any appreciation of the Underlying Stock and will not receive any dividends ■All payments on the securities are subject to the credit risk of The Bank of Nova Scotia (the “Bank”) ■No exchange listing; designed to be held to maturity If the securities priced today, the estimated value of the securities as determined by the Bank would be between $943.11 (94.311%)and $973.11 (97.311%) per security. See “The Bank's Estimated Value of the Securities” in this pricing supplement for additionalinformation. The securities have complex features and investing in the securities involves risks not associated with an investment in conventionaldebt securities. See “Selected Risk Considerations” beginning on page P-10 herein and “Risk Factors” beginning on page PS-3 of theaccompanying product supplement, beginning on page S-2 of the accompanying prospectus supplement and on page 8 of theaccompanying prospectus. Scotia Capital (USA) Inc., our affiliate, will purchase the securities from the Bank for distribution to other registered broker dealersincluding Wells Fargo Securities, LLC (“WFS”) or will offer the securities directly to investors. Scotia Capital (USA) Inc. or any ofits affiliates or agents may use this pricing supplement in market-making transactions in securities after their initial sale. If you arebuying securities from Scotia Capital (USA) Inc. or another of its affiliates or agents, the final pricing supplement to which thispricing supplement relates may be used in a market-making transaction. See “Supplemental Plan of Distribution (Conflicts ofInterest)” in the accompanying product supplement. The securities are senior unsecured debt obligations of the Bank, and, accordingly, all payments are subject to credit risk. Thesecurities are not insured by the Canada Deposit Insurance Corporation pursuant to the Canada Deposit Insurance Corporation Act(the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation or any other governmental agency of Canada, the UnitedStates or any other jurisdiction. Neither the Securities and Exchange Commiss