加拿大丰业银行美股招股说明书(2025-11-06版)

The notes do not bear interest.The amount that you will be paid on your notes at maturity (November 8, 2027) is based on theperformance of a weighted basket comprised of the EURO STOXX 50®Index (38.00% weighting), TOPIX (26.00% weighting), theFTSE®100 Index (17.00% weighting), the Swiss Market Index (11.00% weighting) and the S&P/ASX 200 Index (8.00% weighting) asmeasured from the trade date (November 4, 2025) to and including the valuation date (November 4, 2027). The initial basket level was set to 100 on the trade date and the final basket level will equal thesumof the products, as calculated foreach basket component, of: (i) the final index level (the closing level of the basket component on the valuation date)divided bythe initialindex level (5,660.20 with respect to the EURO STOXX 50®Index, 3,310.14 with respect to TOPIX, 9,714.96 with respect to the FTSE®100 Index, 12,306.89 with respect to the Swiss Market Index and 8,813.705 with respect to the S&P/ASX 200 Index (which in each caseis the closing level of the applicable basket component on the trade date))multiplied by(ii) the applicable initial weighted value for eachbasket component. If the final basket level is greater than the initial basket level, the return on your notes will be positive and will equalthe participation rate of 129.15%timesthe basket return. If the final basket level declines by up to 10.00% from the initial basket level,you will receive the principal amount of your notes.If the final basket level declines by more than 10.00% from the initial basketlevel, the return on your notes will be negative and you may lose up to your entire principal amount. Specifically, you will loseapproximately 1.1111% for every 1% negative percentage change in the level of the basket below 90.00% of the initial basketlevel. Any payment on your notes is subject to the creditworthiness of The Bank of Nova Scotia. To determine your payment at maturity, we will calculate the basket return, which is the percentage increase or decrease in the finalbasket level from the initial basket level. At maturity, for each $1,000 principal amount of your notes: ●if the final basket level isgreater thanthe initial basket level (the basket return ispositive), you will receive an amount in cash equalto thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the basket returntimes(c) the participation rate;●if the final basket level isequal tothe initial basket level orless thanthe initial basket level, but not by more than 10.00% (the basketreturn iszeroornegativebutequal toorgreater than-10.00%), you will receive an amount in cash equal to $1,000;or●if the final basket level isless thanthe initial basket level by more than 10.00% (the basket return isnegativeand isless than-10.00%), you will receive an amount in cash equal to thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the buffer rateof approximately 111.11%times(c) thesumof the basket returnplus10.00%. Declines in one basket index may offset increases in the other basket indices. Due to the unequal weighting of each basketcomponent, the performances of the EURO STOXX 50®Index, TOPIX and the FTSE®100 Index will have a significantly largerimpact on your return on the notes than the performance of the Swiss Market Index or the S&P/ASX 200 Index. In addition, nopayments on your notes will be made prior to maturity. Investment in the notes involves certain risks. You should refer to “Additional Risks” beginning on page P-16 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 were set on the trade date was $971.27 per $1,000principal amount, which is less than the original issue price of your notes listed below.See “Additional Information RegardingEstimated Value of the Notes” on the following page and “Additional Risks” beginning on page P-16 of this document for additionalinformation. The actual value of your notes at any time will reflect many factors and cannot be predicted with accuracy. 1For 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 has approvedor disapproved of the notes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanyingprospectus, prospectus supplement, underlier supplement or product supplement. Any representation to the contrary is acriminal 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 government agencyof Canada, the Uni