加拿大丰业银行美股招股说明书(2026-01-15版)

The Bank of Nova Scotia$Autocallable Contingent Coupon Notes Due January 26, 2029Linked to the Common Stock of Tesla, Inc. General Any capitalized terms used but not defined in the following bullets have the meaning set forth under “Summary” in this pricing supplement. ￭The notes offered by this pricing supplement (the “Notes”) are unsubordinated and unsecured debt securities of The Bank of NovaScotia (the “Bank”) and any payments on the Notes are subject to the credit risk of the Bank￭Payments on the Notes are based on the performance of the common stock of Tesla, Inc. (the “Reference Asset”), as described below￭The Notes will be automatically called if the Closing Value of the Reference Asset on any Call Observation Date is equal to or greaterthan the Initial Value￭If the Notes have not been automatically called and the Closing Value on any Contingent Coupon Observation Date (as specified inthis pricing supplement) is equal to or greater than the Contingent Coupon Barrier Value, the Notes will pay a Contingent Coupon (asspecified under “Summary” below) on the corresponding Contingent Coupon Payment Date￭If the Notes are not automatically called, the Payment at Maturity will be based solely on the Reference Asset Return (which measuresthe performance of the Reference Asset from the Initial Value to the Final Value);￭the Final Value will be the Closing Value of the Reference Asset on the Final Valuation Date￭If the Notes are not automatically called and the Final Value is equal to or greater than the Barrier Value, you will receive the PrincipalAmount of your Notes on the Maturity Date, in addition to any Contingent Coupon due on such date￭If the Notes are not automatically called and the Final Value is less than the Barrier Value, you will suffer a loss on the Notes equal tothe depreciation of the Reference Asset and you may lose up to 100% of the Principal Amount￭The Notes do not guarantee interest and you may not receive any Contingent Coupons on the Notes￭The Notes are expected to priceon January 23, 2026 and are expected to settle on January 28, 2026 and will have a term ofapproximately 3 years, if not automatically called prior to maturity￭Minimum investment of $1,000 and integral multiples of $1,000 in excess thereof￭CUSIP / ISIN: 06419HNK6 / US06419HNK67￭See “Summary” beginning on page P-3 herein for additional information All payments on the Notes will be made in cash.Any payment on your Notes is subject to the creditworthiness of the Bank. Investment in the Notes involves certain risks. You should refer to “Additional Risks” beginning on page P-10 herein and“Additional Risk Factors Specific to the Notes” beginning on page PS-6 of the accompanying product supplement and “RiskFactors” 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$934.61 and $964.61 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—Risks Relating to EstimatedValue and Liquidity” beginning on page P-11 of this document for additional information. The actual value of your Notes at any time willreflect many factors and cannot be predicted with accuracy. (1)Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, will purchase the Notes from us at the Principal Amount and, as part of thedistribution of the Notes, will sell the Notes to other registered broker-dealers at a discount of up to $20.00 (2.00%) per PrincipalAmount of the Notes, or will offer the Notes directly to investors. 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 or disapproved ofthe Notes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanying product supplement,prospectussupplement or prospectus. 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 Insurance Corporation Act(the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation (the “FDIC”) or any other government agency of Canada, the United States orany other jurisdiction. Pricing Supplement dated [•], 2026Scotia Capital (USA) Inc. The Notes offered hereunder are unsubordinated and unsecured obligations of the Bank and are subject to investment risksincluding the credit risk of the Bank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The Bank of NovaScotia. The Notes will not be listed on any U.S. securities exchange or automated quotation system. The Notes are derivative products based on the price return of the Reference