加拿大丰业银行美股招股说明书(2025-07-14版)

The notes will not bear interest.The notes will mature on the maturity date (July 14, 2027) unless they are automatically called on the callobservation date (July 23, 2026).Your notes will be automatically called on the call observation date if the closing price of the common stock ofNVIDIA Corporation (the reference asset) on such date is greater than or equal to the initial price of $164.92 (which was the closing price of thereference asset on the strike date (July 11, 2025)), resulting in a payment on the call payment date (July 27, 2026) for each $1,000 principal amount of your notes equal to (i) $1,000plus(ii) theproductof $1,000timesthe call premium amount of 21.50%.If your notes arenotautomatically called, the amount that you will be paid on your notes at maturity will be based on the performance of thereference asset as measured from the strike date to and including the final valuation date (July 12, 2027). return (e.g., if the reference asset return is -5.00%, your return will be +5.00%).If the final pricedeclines by more than 20.00% from the initial price, the return on your notes will be negative and you may lose up toyour entire principal amount. Specifically, you will lose 1.25% for every 1% negative percentage change in the price of the referenceasset below 80.00% of the initial price. Any payment on your notes is subject to the creditworthiness of The Bank of Nova Scotia.If your notes are not automatically called on the call observation date, at maturity, for each $1,000 principal amount of your notes, you will ●if the final price isequal tothe initial price, orless thanthe initial price but not by more than 20.00% (the reference asset return iszero or negative but isequal to or greater than20.00%), thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) theabsolute value of the reference asset return; or ●if the final price isless thanthe initial price by more than 20.00% (the reference asset return is negative and is less than -20.00%),thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the buffer rate of 125.00%times(c) thesumof the reference assetreturn plus 20.00%.Investment in the notes involves certain risks. You should refer to “Additional Risks” beginning on page P-14 of this pricing and “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement and on page 8 of the accompanyingThe initial estimated value of your notes on the trade date is expected to be between $939.21 and $969.21 per $1,000 principal Value of the Notes” on the following page and “Additional Risks” beginning on page P-14 of this document for additional information. Theactual value of your notes at any time will reflect many factors and cannot be predicted with accuracy.Per NoteTotal1100.00%$Underwriting commissions11.50%$ 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 prospectus, 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 or any other government agency of Canada, theUnited States or any other jurisdiction.Scotia Capital (USA) Inc.Goldman Sachs & Co. LLC Pricing Supplement dated July , 2025 The Autocallable Buffered Equity-Linked Notes Linked to the common stock of NVIDIA Corporation Due July 14, 2027 (the“notes”) offered hereunder are unsubordinated and unsecured obligations of The Bank of Nova Scotia (the “Bank”) and aresubject to investment risks including possible loss of the principal amount invested due to the negative performance of thereference asset and the credit risk of the Bank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The Bank of Nova Scotia. The notes will not be listed on any U.S. securities exchange or automated quotation system.The notes are derivative products based on the performance of the reference asset. The notes do not constitute a direct Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, will purchase the notes from us for distribution to other registered brokerdealers. SCUSA or any of its affiliates or agents may use this pricing supplement in market-making transactions in notes after their initial sale. Unless we, SCUSA or another of our affiliates or agents selling such notes to you informs you otherwise in theconfirmation of sale, this pricing supplement is being used in a market-making transaction. See “Supplemental Plan of Distribution(Conflictsof 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 file