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$4,695,000 Autocallable Contingent Coupon Trigger NotesLinked to the Common Stock of Amazon.com, Inc. Due February 18, 2027 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 (February 18, 2027), unless they are automatically called on any observation date, commencing inJuly 2026 to and including January 2027. Your notes will be automatically called if the closing price of the reference asset on any suchobservation date is equal to or greater than the initial price of $246.47 (which was the closing price of the reference asset on the trade date(January 12, 2026)). If your notes are automatically called, you will receive a payment for each $1,000 principal amount of your notes on thecorresponding payment date (the 3rd business day after the relevant observation date) equal to $1,000 plus the contingent coupon with respectto such observation date (as described below).Observation dates are the 12th calendar day of each month, commencing in February 2026 and ending in February 2027. 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 on the corresponding couponpayment date a contingent coupon of $7.834 for each $1,000 principal amount of your notes (equal to 0.7834% monthly, or the potential for up toapproximately 9.40% per annum).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 final price 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.The value of the share delivery amount, as of the final valuation date, will be less than 70.00% of the principal amount of your notes and youwill not receive a contingent coupon.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 the percentage 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 fractionalshare and the final price. In such event, you will receive no contingent coupon. Any payment or delivery on your notes is subject to thecreditworthiness of The Bank of Nova Scotia.Investment in the notes involves certain risks. You should refer to “Additional Risks” beginning on page P-16 of this pricing 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 were set on the trade date was $971.15 per $1,000 principalamount, 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 Canad