加拿大丰业银行美股招股说明书(2025-10-14版)

The notes will not bear interest.The amount that you will be paid on your notes at maturity (expected to be the 2ndbusiness dayafter the valuation date) is based on the performance of the shares of the VanEck®Gold Miners ETF (the reference asset) asmeasured from the trade date to and including the valuation date (expected to be approximately 13 to 15 months after the tradedate).If the final price on the valuation date is equal to or greater than 80.00% of the initial price (set on the trade date and will be the closing price or an intra-day price of the reference asset on the trade date, which may be higher or lower than the closing price of thereference asset on the trade date), you will receive the maximum payment amount (expected to be between $1,112.10 and $1,131.50for each $1,000 principal amount of your notes).If the final price on the valuation date is less than 80.00% of the initial price,the return on your notes will be negative and you may lose up to your entire principal amount. Specifically, you will lose1.25% for every 1% negative percentage change in the price of the reference asset below 80.00% of the initial price. Anypayment on your notes is subject to the creditworthiness of The Bank of Nova Scotia.The return on your notes is linked to the performance of the reference asset, and not to the MarketVector™ Global Gold Miners Index (the reference asset index) on which the reference asset is based.To determine your payment at maturity, we will first calculate the reference asset return, which is the percentage increase or decrease in the final price from the initial price. At maturity, for each $1,000 principal amount of your notes: ●if the final price isequal toorgreater than80.00% of the initial price (the reference asset return isequal toorgreater than-20.00%), you will receive the maximum payment amount; or●if the final price isless thanthe initial price by more than 20.00% (the reference asset return is negative and isless than-20.00%), you will receive an amount in cash equal to thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the bufferrate of 125.00%times(c) thesumof the reference asset returnplus20.00%. Following the determination of the initial price, the amount you will be paid on your notes at maturity will not be affected by the closingprice of the reference asset on any day other than the valuation date.In addition, no payments on your notes will be made priorto maturity. Investment in the notes involves certain risks. You should refer to “Additional Risks” beginning on page P-15 of this pricingsupplement and “Additional Risk Factors Specific to the Notes” beginning on page PS-6 of the accompanying productsupplement and “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement and on page 8 of theaccompanying prospectus.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 $953.08 and $983.08 per $1,000 principal amount, which will be less than the original issue price of your noteslisted below.See “Additional Information Regarding Estimated Value of the Notes” on the following page and “Additional Risks”beginning on page P-15 of this document for additional information. The actual value of your notes at any time will reflect manyfactors and cannot be predicted with accuracy.Per Note1 For 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 hasapproved or disapproved of the notes or passed upon the accuracy or the adequacy of this pricing supplement, theaccompanying prospectus, prospectus supplement, underlier supplement or product supplement. Any representation tothe contrary is a criminal offense. The notes are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the Canada DepositInsurance Corporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation or any other governmentagency of Canada, the United States or any other jurisdiction. TheDigital Notes Linked to the Shares of the VanEck®GoldMiners ETF Due[•](the“notes”)offered hereunder areunsubordinated and unsecured obligations of The Bank of Nova Scotia (the “Bank”) and are subject to investment risks includingpossible loss of the principal amount invested due to the negative performance of the reference asset and the credit risk of theBank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The Bank of Nova Scotia. The notes will not belisted on any U.S. securities exchange or automated quotation system. The return on your notes will relate to the price return of the reference asset and will not include a total return or dividendcomponent. The notes are derivative products based on the performance of the reference asset. The notes do not constitute adirect investment in any of the sh