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$4,453,000 Digital Notes Linked to the Shares of the iShares®Expanded Tech-Software Sector ETF Due March 26, 2027 The notes do not bear interest.The amount that you will be paid on your notes at maturity (March 26, 2027) is based on theperformance of the shares of the iShares® Expanded Tech-Software Sector ETF (the reference asset) as measured from the tradedate (February 24, 2026) to and including the valuation date (March 24, 2027).If the final price on the valuation date is equal to or greater than 80.00% of the initial price of $78.41 (which was the closing price ofthe reference asset on the trade date), you will receive the maximum payment amount of $1,130.00 for each $1,000 principal amountof your notes.If the final price on the valuation date is less than 80.00% of the initial price, the return on your notes will benegative and you may lose up to your entire principal amount. Specifically, you will lose 1.25% for every 1% negative The return on your notes is linked to the performance of the reference asset, and not to the S&P®Technology Software IndexTM(the reference asset index) on which the reference asset is based. To determine your payment at maturity, we will first calculate the reference asset return, which is the percentage increase ordecrease in the final price from the initial price. At maturity, for each $1,000 principal amount of your notes: ●if the final price isequal toorgreater than80.00% of the initial price (the reference asset return isequal toorgreater than-20.00%), you will receive the maximum payment amount; or●if the final price isless thanthe initial price by more than 20.00% (the reference asset return is negative and isless than-20.00%), you will receive an amount in cash equal to thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the buffer Following the determination of the initial price, the amount you will be paid on your notes at maturity will not be affected by the closingprice of the reference asset on any day other than the valuation date.In addition, no payments on your notes will be made priorto maturity. Investment in the notes involves certain risks. You should refer to “Additional Risks” beginning on page P-15 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 theaccompanying prospectus. $1,000 principal amount, which is less than the original issue price of your notes listed below.See “Additional InformationRegarding Estimated Value of the Notes” on the following page and “Additional Risks” beginning on page P-15 of this document foradditional information. The actual value of your notes at any time will reflect many factors and cannot be predicted with accuracy. 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 prospectus, prospectus supplement or product supplement. Any representation to the contrary is a criminal 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 governmentagency of Canada, the United States or any other jurisdiction. Pricing Supplement dated February 24, 2026 The Digital Notes Linked to the shares of the iShares®Expanded Tech-Software Sector ETF Due March 26, 2027 (the “notes”)offered hereunder are unsubordinated and unsecured obligations of The Bank of Nova Scotia (the “Bank”) and are subject toinvestment risks including possible loss of the principal amount invested due to the negative performance of the reference assetand the credit risk of the Bank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The Bank of Nova 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, unitor security and will not have any rights as a shareholder, unitholder or other security holder of any of the issuers including, without Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, has agreed to purchase the notes from us for distribution to other registeredbroker dealers. SCUSA or any of its affiliates or agents may use this pricing supplement in market-making transactions in notesafter their initial sale. Unless we, SCUSA or ano