加拿大丰业银行美股招股说明书(2026-02-13版)

Subject to CompletionPRELIMINARY PRICING SUPPLEMENT Dated February 13, 2026Filed Pursuant to Rule 424(b)(2)Registration Statement No. 333-282565(To Prospectus dated November 8, 2024,Prospectus Supplement dated November 8, 2024,Underlier Supplement dated November 8, 2024 The Bank of Nova Scotia $• Capped Buffer GEARS Linked to the S&P 500®Index due on or about February 29, 2028 Investment Description The Bank of Nova Scotia Capped Buffer GEARS (the “Securities”) are senior unsecured debt securities issued by The Bank of Nova Scotia (“BNS” or the “issuer”) linked to the performance of the S&P 500®Index(the “underlying asset”). The amount you receive at maturity will be based on the direction and percentage change in the level of the underlying asset from the initial level to the final level (the “underlying return”)and whether the closing level of the underlying asset on the final valuation date (the “final level”) is less than the downside threshold. If the underlying return is positive, BNS will pay you a cash payment perSecurity at maturity equal to the principal amount plus a percentage return equal to thelesser of(a) the underlying return multiplied by the upside gearing and (b) the maximum gain. If the underlying return is zeroor negative and the final level is equal to or greater than the downside threshold, BNS will pay you a cash payment per Security at maturity equal to the principal amount. If, however, the underlying return isnegative and the final level is less than the downside threshold, BNS will pay you a cash payment per Security at maturity that is less than the principal amount, resulting in a percentage loss on your principalamount equal to the percentage that the final level is less than the initial level in excess of the buffer and, in extreme situations, you could lose almost all of your investment in the Securities.Investing in the Features ❑Enhanced Exposure to Positive Underlying Return up to the Maximum Gain:At maturity, the Securitiesprovide exposure to any positive underlying return multiplied by the upside gearing, up to the maximum gain.❑Contingent Repayment of Principal at Maturity with Buffered Downside Market Exposure:If the underlying return is zero or negative and the final level is equal to or greater than the downside threshold, BNSwill pay you a cash payment per Security at maturity equal to the principal amount. If, however, the underlyingreturn is negative and the final level is less than the downside threshold, BNS will pay you a cash payment perSecurity at maturity that is less than the principal amount, resulting in a percentage loss on your principalamount equal to the percentage that the final level is less than the initial level in excess of the buffer and, in Key Dates* Trade Date**Settlement Date** *Expected. See page P-2 for additional details. **We expect to deliver the Securities against payment on or about the second business day following thetrade date. Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondarymarket generally are required to settle in one business day (T+1), unless the parties to a trade expresslyagree otherwise. Accordingly, purchasers who wish to trade the Securities in the secondary market on anydate prior to one business day before delivery of the Securities will be required, by virtue of the fact that Notice to investors: the Securities are significantly riskier than conventional debt instruments. The issuer is not necessarily obligated to repay the principal amount of the Securities at maturity, andthe Securities may have downside market risk similar to that of an investment in the underlying asset, subject to the buffer.This market risk is in addition to the credit risk inherent in purchasing adebt obligation of BNS. You should not purchase the Securities if you do not understand or are not comfortable with the significant risks involved in investing in the Securities. You should carefully consider the risks described under “Key Risks” beginning on page P-3 herein and under “Additional Risk Factors Specific to the Notes” beginning on page PS-6 of theaccompanying product supplement and “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement and on page 8 of the accompanying prospectus. Events relating to anyof those risks, or other risks and uncertainties, could adversely affect the market value of, and the return on, your Securities. You may lose some or almost all of your investment in the Securities. Security Offering The return on the Securities is subject to, and will not exceed, the “maximum gain” or the corresponding “maximum payment at maturity per Security”. The final terms of the Securities will be set on the trade date.The Securities are offered at a minimum investment of $1,000, or 100 Securities at $10 per Security, and integral multiples of $10 in excess thereof. See “Additional Information About BNS and the Securities” on page P-ii. The Securit