加拿大丰业银行美股招股说明书(2025-12-31版)

Filed Pursuant to Rule 424(b)(2)Registration No. 333-282565 If the closing price of the common stock of Amazon.com, Inc. (the reference asset) on any observation date is less than 70.00% of theinitial price, you will not receive a contingent coupon on the corresponding coupon payment date.The amount that you will be paid onyour notes is based on the performance of the reference asset. The notes will mature on the maturity date (expected to be February 18, 2027), unless they are automatically called on any observation date,commencing in July 2026 to and including January 2027. Your notes will be automatically called if the closing price of the reference asset on anysuch observation date is equal to or greater than the initial price (set on the trade date, expected to be January 12, 2026, and will be the closingprice or an intra-day price of the reference asset on the trade date, which may be higher or lower than the closing price of the reference asset onthe trade date). If your notes are automatically called, you will receive a payment for each $1,000 principal amount of your notes on the Observation dates are expected to be the 12th calendar day of each month, commencing in February 2026 and ending in February 2027. If, onany observation date, the closing price of the reference asset is equal to or greater than 70.00% of the initial price, you will receive on thecorresponding coupon payment date a contingent coupon of $7.834 for each $1,000 principal amount of your notes (equal to 0.7834% monthly, 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 finalprice relative to the initial price. At maturity, for each $1,000 principal amount of your notes:● if the final price isequal to or greater than70.00% of the initial price, you will receive an amount in cash equal to $1,000plusa contingentcoupon calculated as described above; or●if the final price isless than70.00% of the initial price, you will receive a number of shares of the reference asset (with cash paid in lieu ofany fractional share) per note equal to the share delivery amount, which is equal to thequotientof (i) $1,000dividedby(ii) the initial price. If the final price is less than 70.00% of the initial price, the return on your notes is expected to be negative and will be based on thepercentage decline in the price of the reference asset from the initial price to the final price. In such circumstances, you will lose all ora substantial portion of your investment. Additionally, any decline in the price of the reference asset from the final valuation date to thematurity date will cause the return on your notes to be less than it would have been had we instead paid you an amount in cash equalto the value of the share delivery amount calculated as of the final valuation date. For the avoidance of doubt, if the share deliveryamount is less than 1.0000, at maturity you will receive an amount in cash per note, if anything, equal to theproduct ofthe fractional supplement 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 are set on the trade date is expected to be between $925.00and $955.00 per $1,000 principal amount, which will be less than the original issue price of your notes listed below.See “AdditionalInformation Regarding Estimated Value of the Notes” on the following page and “Additional Risks” beginning on page P-16 of this document foradditional information. The actual value of your notes at any time will reflect many factors and cannot be predicted with accuracy. 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. The Autocallable Contingent Coupon Trigger Notes Linked to the common stock of Amazon.com, Inc. Due February 18, 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 principal amount invested due to the negative performance of thereference asset and the credit risk of the Bank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The