加拿大丰业银行美股招股说明书(2025-11-13版)

The notes do not bear interest.The amount that you will be paid on your notes at maturity (November 15, 2027) isbased on the performance of a weighted basket comprised of the EURO STOXX 50®Index (38.00% weighting), TOPIX(26.00% weighting), the FTSE®100Index (17.00% weighting), the Swiss Market Index (11.00% weighting) and theS&P/ASX 200 Index (8.00% weighting) as measured from the trade date (November 11, 2025) to and including thevaluation date (November 11, 2027). The initial basket level was set to 100 on the trade date and the final basket level willequal thesumof the products, as calculated for each basket component, of: (i) the final index level (the closing level of thebasket component on the valuation date)dividedby the initial index level (5,725.70 with respect to the EURO STOXX 50®Index, 3,321.58 with respect to TOPIX, 9,899.60 with respect to the FTSE®100Index, 12,702.08 with respect to the SwissMarket Index and 8,818.793 with respect to the S&P/ASX 200 Index (which in each case is the closing level of theapplicable basket component on the trade date))multipliedby(ii) the applicable initial weighted value for each basketcomponent. If the final basket level isequal to or greater thanthe initial basket level, the return on your notes will bepositive and you will receive, for each $1,000 principal amount of your notes, the greater of (i) the threshold settlementamount of $1,225.00 and (ii) thesum of$1,000plustheproduct of$1,000timesthe basket return.If the final basketlevel is less than the initial basket level, the return on your notes will be negative and you may lose up to yourentire principal amount. Specifically, you will lose 1% for every 1% negative basket return below 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 decreasein the final basket level from the initial basket level. At maturity, for each $1,000 principal amount of your notes: ●if the final basket level isequal to or greater thanthe initial basket level (the basket return iszero orpositive), you willreceive an amount in cash equal to thegreater of(1) the threshold settlement amount and (2) thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the basket return; or●if the final basket level isless thanthe initial basket level (the basket return isnegative), you will receive an amount incash equal to thesumof (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 ofeach basket component, the performances of the EURO STOXX 50®Index, TOPIX and the FTSE®100Index willhave a significantly larger impact on your return on the notes than the performance of the Swiss Market Index orthe S&P/ASX 200 Index. In addition, no payments 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 ofthis pricing supplement and “Additional Risk Factors Specific to the Notes” beginning on page PS-6 of theaccompanying product supplement and “Risk Factors” beginning on page S-2 of the accompanying prospectussupplement and on page 8 of the accompanying prospectus. The initial estimated value of your notes at the time the terms of your notes were set on the trade date was$966.68 per $1,000 principal amount, which is 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-16 of this document for additional information. The actual value of your notes at any timewill reflect many factors and cannot be predicted with accuracy.1 Neither the United States Securities and Exchange Commission (the “SEC”) nor any state securities commissionhas approved or disapproved of the notes or passed upon the accuracy or the adequacy of this pricingsupplement,the accompanying prospectus,prospectus supplement,underlier supplement or productsupplement. Any representation to the contrary is a criminal offense. The notes are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the CanadaDeposit Insurance Corporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation or anyother government agency of Canada, the United States or any other jurisdiction. Scotia Capital (USA) Inc. The Digital Basket-Linked Notes Due November 15, 2027 (the “notes”) offered hereunder are unsubordinated andunsecured 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 basket and the credit risk ofthe Bank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The Bank