加拿大丰业银行美股招股说明书(2025-11-12版)

Registration No. 333-282565 The Bank of Nova Scotia The notes will not bear interest.The amount that you will be paid on your notes at maturity (expected to be the 2ndbusiness day afterthe valuation date) is based on the performance of a weighted basket comprised of the EURO STOXX 50®Index (38.00% weighting),TOPIX (26.00% weighting), the FTSE®100 Index (17.00% weighting), the Swiss Market Index (11.00% weighting) and the S&P/ASX 200Index (8.00% weighting) as measured from the trade date to and including the valuation date (expected to be approximately 14 to 16months after the trade date). The initial basket level will be 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 (set on the trade date and will be the closing level or an intra-day level of the applicable basket component on the trade date,which may be higher or lower than the closing level of the basket component on the trade date)multiplied by(ii) the applicable initialweighted value for each basket component. If the final basket level is greater than the initial basket level, the return on your notes will bepositive and will equal the participation rate (a fixed percentage set on the trade date that will be between 130.00% and 152.00%)timesthe basket return. If the final basket level is equal to the initial basket level, you will receive the principal amount of your notes.If the finalbasket level is less than the initial basket level, the return on your notes will be negative and you may lose up to your entireprincipal amount. Specifically, you will lose 1% for every 1% negative basket return below the initial basket level. Any paymenton 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 (the basket return iszero), you will receive an amount in cash equal to$1,000;or●if the final basket level isless thanthe initial basket level (the basket return isnegative), you will receive an amount in cash equal tothesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the basket return. 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-17 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$951.46 and $981.46 per $1,000 principal amount, which will be less than the original issue price of your notes listed below.See“Additional Information Regarding Estimated Value of the Notes” on the following page and “Additional Risks” beginning on page P-17 ofthis document for additional information. The actual value of your notes at any time will reflect many factors and cannot be predicted withaccuracy. 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 United States or any other jurisdiction. Scotia Capital (USA) Inc. Goldman Sachs & Co. LLC Dealer Pricing Supplement dated , 2025 The Enhanced Participation Basket-Linked