$4,295,000 Autocallable Contingent Coupon Trigger NotesLinked to the Common Stock of Best Buy Co., Inc. Due March 4, 2027 If the closing price of the common stock of Best Buy Co., 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 (March 4, 2027), unless they are automatically called on any observation date, commencing in July2026 to and including January 2027. 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 $65.74 (which was the closing price of the reference asset on the trade date (January 27,2026)). 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 27th calendar day of each month (provided that the observation date for February 2027 is March 1, 2027, which is also the final valuation date), commencing in February 2026 and ending in February 2027. If, on any observation date, the closing price of thereference asset is equal to or greater than 70.00% of the initial price, you will receive on the corresponding coupon payment date a contingentcoupon of $12.667 for each $1,000 principal amount of your notes (equal to 1.2667% monthly, or the potential for up to approximately 15.20% perannum).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 1, 2027). At maturity, for each $1,000 principal amount of your notes you will receive anamount in cash equal to: ●if the final price isequal to or greater than70.00% of the initial price, $1,000plusa contingent coupon calculated as described above; or●if the final price isless than70.00% of the initial price, thesumof (i) $1,000 plus (ii) theproductof (a) $1,000times(b) the reference assetreturn. You will receive less than 70.00% of the principal amount of your notes and you will not receive a contingent coupon.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 asset return. 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.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 $964.22 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. Scotia Capital (USA) Inc. The Autocallable Contingent Coupon Trigger Notes Linked to the common stock of Best Buy Co., Inc. Due March 4, 2027 (the“notes”) offered hereunder are unsubordinated and unsecured obligations of The Bank of Nov