加拿大丰业银行美股招股说明书(2026-01-28版)

Filed Pursuant to Rule 424(b)(2)Registration No. 333-282565 The notes will not bear interest.The amount that you will be paid on your notes at maturity (expected to be June 1, 2027) is based onthe performance of the S&P 500® Index (the reference asset) as measured from the trade date (expected to be February 26, 2026) toand including the valuation date (expected to be May 26, 2027). If the final level on the valuation date is greater than the initial level (set on the trade date and will be the closing level or an intra-day levelof the reference asset on the trade date, which may be higher or lower than the closing level of the reference asset on the trade date),the return on your notes will be positive and will equal the reference asset return, which is the percentage increase or decrease in thefinal level from the initial level, subject to the maximum upside payment amount (a fixed amount set on the trade date that is expected to If the final level declines by up to 10.00% from the initial level, the return on your notes will equal the absolute value of the referenceasset return (e.g., if the reference asset return is -5.00%, your return will be +5.00%). If the final level declines by more than 10.00% from the initial level, the return on your notes will be negative and will equal thereference asset return plus 10.00%. Specifically, you will lose 1% for every 1% negative percentage change in the level of thereference asset below 90.00% of the initial level. You may lose up to 90.00% of the principal amount of your notes.Any paymenton your notes is subject to the creditworthiness of The Bank of Nova Scotia. At maturity, for each $1,000 principal amount of your notes, you will receive an amount in cash equal to: ●if the final level isgreater thanthe initial level (the reference asset return is positive), thesumof (i) $1,000plus(ii) theproductof (a)$1,000times(b) the reference asset return, subject to the maximum upside payment amount;●if the final level isequal tothe initial level orless thanthe initial level, but not by more than 10.00% (the reference asset return iszero or negative but isequal toorgreater than-10.00%), thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) theabsolute value of the reference asset return; or Following the determination of the initial level, the amount you will be paid on your notes at maturity will not be affected by the closinglevel of the reference asset on any day other than the valuation date.In addition, no payments on your notes will be made prior tomaturity. 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$925.00 and $965.00 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” beginning on page P-14 ofthis document for additional information. The actual value of your notes at any time will reflect many factors and cannot be predicted with Neither the United States Securities and Exchange Commission (the “SEC”) nor any state securities commission has approvedor disapproved of the notes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanyingprospectus, prospectus supplement, underlier supplement or product supplement. Any representation to the contrary is a The notes are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the Canada DepositInsurance Corporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation or any other government agencyof Canada, the United States or any other jurisdiction. The Buffered Index-Linked Notes Linked to the S&P 500®Index Due June 1, 2027 (the “notes”) offered hereunder areunsubordinated and unsecured 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 reference asset and the credit risk of theBank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The Bank of Nova Scotia. The notes will not be The return on your notes will relate to the price return of the reference asset and will not include a total return or dividendcomponent. The notes are derivative products based on the performance of the reference asset. The notes do not constitute adirect investment in any of the shares, units or other securities represented by the reference asset. By acquiring the notes, you willnot have a direct economic or other interest in, claim or entitlement to, or any legal or beneficial ownership of any such share, unit Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, will purchase the notes from us for distribution to other registered brokerdealers. SCUSA or any of its affiliates or agents may use this pricing supplement in market-making transactions in