加拿大丰业银行美股招股说明书(2026-02-18版)

General If the Final Value is less than the Initial Value, you will lose 1% of the Principal Amount of the Notes for each 1% that the FinalValue is less than the Initial Value and you may lose up to 5.00% of the Principal Amount ￭The Notes do not bear interest or pay any coupons prior to maturity￭The Trade Date was February 13, 2026 and the Notes will settle on February 19, 2026 and will have a term of approximately 54 weeks ￭See “Summary” beginning on page P-3 herein for additional information and definitions of the terms used but not definedabove All payments on the Notes will be made in cash and will only be paid at maturity.Any payment on your Notes is subject to thecreditworthiness of the Bank. Investment in the Notes involves certain risks. You should refer to “Additional Risks” beginning on page P-9 of this pricingsupplement and “Additional Risk Factors Specific to the Notes” beginning on page PS-6 of the accompanying productsupplement and “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement and on page 8 of the The initial estimated value of your Notes at the time the terms of the Notes were set on the Trade Date was $987.91 per $1,000Principal Amount, which is less than the Original Issue Price of your Notes listed below.See “Additional Information RegardingEstimated Value of the Notes” on the following page and “Additional Risks – Risks Relating to Estimated Value and Liquidity” beginningon page P-11 of this document for additional information. The actual value of your Notes at any time will reflect many factors and Proceeds to The Bank of Nova Scotia (1)The Original Issue Price for certain fiduciary accounts may have been as low as $990.00. (2)Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, has agreed to purchase the Notes at the Original Issue Price and, as part of the distribution ofthe Notes, has agreed to sell the Notes to J.P. Morgan Securities LLC (“JPMS”). JPMS and its affiliates have agreed to act as placement agentsfor the Notes (together with SCUSA, the “Agents”). The placement agents will receive a fee of 1.00% per Note, but will forgo fees for sales tofiduciary accounts. The total fees represent the amount that the placement agents receive from sales to accounts other than fiduciary accounts. Neither the United States Securities and Exchange Commission (the “SEC”) nor any state securities commission hasapproved or disapproved of the Notes or passed upon the accuracy or the adequacy of this pricing supplement, theaccompanying product supplement, underlier supplement, prospectus supplement or prospectus. Any representation to the 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 (the “FDIC”) or any othergovernment agency of Canada, the United States or any other jurisdiction. 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 Asset. All payments on the Notes will be made incash. The Notes do not constitute a hypothetical direct investment in the assets held by the Reference Asset (the “ReferenceAsset Constituents”), which consists primarily of gold. By acquiring the Notes, you will not have a direct economic or other interestin, claim or entitlement to, or any legal or beneficial ownership of, the Reference Asset or any Reference Asset Constituents As described on the cover of this pricing supplement, JPMS and its affiliates have agreed to act as the placement agents for theNotes. Our affiliate, SCUSA, may use this pricing supplement in market-making transactions in the Notes after their initial sale.Unless we, SCUSA or another of our affiliates selling such Notes to you informs you otherwise in the confirmation of sale, thispricing supplement is being used in a market-making transaction. See “Supplemental Plan of Distribution (Conflicts of Interest)” in Additional Information Regarding Estimated Value of the Notes On the cover page of this pricing supplement, the Bank has provided the initial estimated value for the Notes. The initial estimatedvalue was determined by reference to the Bank’s internal pricing models, which take into consideration certain factors, such as theBank’s internal funding rate on the Trade Date and the Bank’s assumptions about market parameters. For more information aboutthe initial estimated value, see “Additional Risks – Risks Relating to Estimated Value and Liquidity” herein. The economic terms of the Notes are based on the Bank’s internal funding rate, which is the rate the Bank would p