加拿大丰业银行美股招股说明书(2025-07-15版)

(the “underlying asset”). BNS will automatically call the Notes early if the closing level of the underlying asset on any observation date (quarterly, callable after 12months), including the final valuation date, is equal to or greater than the call threshold level, which is equal to the closing level of the underlying asset on the trade date (the “initial level”). If the Notes are subject to an automatic call, BNS will pay on the applicable call settlement date following such observation date a cash payment per Note equal to the “callprice”, which is the principal amount plus a call return based on the call return rate, and no further payments will be owed to you under the Notes. The call return increases the longerthe Notes are outstanding. If the Notes are not subject to an automatic call and the closing level of the underlying asset on the final valuation date (the “final level”) is equal to orgreater than the downside threshold, BNS will pay you a cash payment per Note at maturity equal to the principal amount. If, however, the Notes are not subject to an automatic calland the final level is less than the downside threshold, BNS will pay you a cash payment per Note at maturity that is less than the principal amount, if anything, resulting in apercentage loss on your principal amount equal to the percentage decline in the underlying asset from the initial level to the final level (the “underlying return”) and, in extremesituations, you could lose your entire investment in the Notes.Investing in the Notes involves significant risks.You will not receive a positive return if the Notes are notautomatically called and you may lose a significant portion or all of your investment. Higher call return rates are generally associated with a greater risk of loss and a greater risk that the Notes will not be subject to an automatic call.Any payment on the Notes, including any repayment of principal, is subject to the creditworthiness ofBNS. If BNS were to default on its payment obligations you may not receive any amounts owed to you under the Notes and you could lose your entire investment in the Automatic Call Feature— BNS will automatically call the Notes if the closing level of the underlying asset onany observation date (quarterly, callable after 12 months), including the final valuation date, is equal to or greater than the call threshold level, which is equal to the initial level. If the Notes are subject to an automaticcall, BNS will pay on the applicable call settlement date a cash payment per Note equal to the call price for the relevant observation date. The call return increases the longer the Notes are outstanding. Following anautomatic call, no further payments will be owed to you under the Notes.Contingent Repayment of Principal at Maturity with Potential for Full Downside Market Exposure— If (i) the Notes have not been subject to an automatic call at or prior to maturity and (ii) the final level is equal toor greater than the downside threshold, BNS will pay you a cash payment per Note at maturity equal to theprincipal amount. If, however, the Notes are not subject to an automatic call and the final level is less than thedownside threshold, BNS will pay you a cash payment per Note at maturity that is less than the principalamount, if anything, resulting in a percentage loss on your principal amount equal to the underlying return and,in extreme situations, you could lose your entire investment in the Notes. The contingent repayment ofprincipal applies only if you hold the Notes to maturity. Any payment on the Notes, including any repayment ofprincipal, is subject to the creditworthiness of BNS.July 18, 2025July 23, 2025Quarterly, callable after 12 months (see page 2)Final Valuation DateJuly 18, 2030July 23, 2030 Notes at maturity, and the Notes may have the same downside market risk as that of the underlying asset. This market risk is in addition to the credit risk inherent inpurchasing a debt obligation of BNS. You should not purchase the Notes if you do not understand or are not comfortable with the significant risks involved in investing You should carefully consider the risks described under “Key Risks” beginning on page P-4 of this document and under “Additional Risk Factors Specific to the Notes”beginning on page PS-6 of the accompanying product supplement and “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement and on page8 of the accompanying prospectus. Events relating to any of those risks, or other risks and uncertainties, could adversely affect the market value of, and the return on,your Notes. You may lose a significant portion or all of your investment in the Notes. The Notes will not be listed or displayed on any securities exchange or any The final terms of the Notes will be set on the trade date. The Notes are offered at a minimum investment of 100 Notes at $10 per Note (representing a $1,000 investment), andintegral multiples of $10 in excess thereof