加拿大丰业银行美股招股说明书(2025-12-22版)

$170,000 Autocallable Contingent Coupon Trigger NotesLinked to the Shares of the VanEck®Semiconductor ETF Due March 23, 2027 If the closing price of the shares of the VanEck®Semiconductor ETF (the reference asset) on any observation date is less than 70.00%of the initial price, you will not receive a contingent coupon on the corresponding coupon payment date.The amount that you will be paidon your notes is based on the performance of the reference asset.The notes will mature on the maturity date (March 23, 2027), unless they are automatically called on any observation date, commencing in June 2026 to and including December 2026. Your notes will be automatically called if the closing price of the reference asset on any such observationdate is equal to or greater than the initial price of $347.25 (which was the closing price of the reference asset on the trade date (December 18,2025)). If your notes are automatically called, you will receive a payment for each $1,000 principal amount of your notes on the correspondingpayment date (the 3rd business day after the relevant observation date) equal to $1,000 plus the contingent coupon with respect to suchobservation date (as described below). Observation dates are the 18th calendar day of each March, June, September and December, commencing in March 2026 and ending in March2027. If, on any observation date, the closing price of the reference asset is equal to or greater than 70.00% of the initial price, you will receive onthe corresponding coupon payment date a contingent coupon for each $1,000 principal amount of your notes equal to: (i) theproductof $25.625(equal to 2.5625% quarterly, or the potential for up to 10.25% per annum)timesthe number of observation dates that have occurred up to andincluding the relevant observation dateminus(ii) the sum of all contingent coupons previously paid, if any.If your notes are not automatically called, the return on your notes, in addition to any contingent coupon otherwise due, will be based on the reference asset return, which is the percentage increase or decrease from the initial price to the final price, which will be the closing price of thereference asset on the final valuation date (March 18, 2027). At maturity, for each $1,000 principal amount of your notes you will receive anamount in cash equal to: If the final price is less than 70.00% of the initial price, the return on your notes will be negative and will equal the reference assetreturn. Specifically, you will lose 1% for every 1% that the final price is less than the initial price, and you could lose up to your entireinvestment in the notes. In such event, you will receive less than the principal amount of your notes and no contingent coupon. 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 MVIS® US Listed Semiconductor 25 Index(the reference asset index) on which the reference asset is based. 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 product supplement and“Risk Factors” beginning on page S-2 of the accompanying prospectus supplement 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 $958.97 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 theNotes” on the following page and “Additional Risks” beginning on page P-16 of this document for additional information. The actual value of yournotes at any time will reflect many factors and cannot be predicted with accuracy.1 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 approved ordisapproved of the notes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanying prospectus,prospectus supplement or product supplement. 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 Canada Deposit InsuranceCorporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation or any other government agency of Canada, theUnited States or any other jurisdiction. Goldman Sachs & Co. LLCDealer The Autocallable Contingent Coupon Trigger Notes Linked to the shares of the VanEck®Semiconductor ETF Due March 23, 2027(the “notes”) offered hereunder are unsubordinated and unsecured obligations of The Bank of Nova Scotia (the “Bank”) and aresubject to investment risks including possible loss of the pri