加拿大丰业银行美股招股说明书(2026-03-02版)

￭Automatically callable if the Observation Level on any Observation Date, occurring approximately one, two and three years after the pricing date, isat or above the Starting Value The Basket is comprised of the common stocks of The Goldman Sachs Group, Inc., JPMorgan Chase & Co. and Morgan Stanley (the “BasketStocks”). Each Basket Stock will be given an approximately equal weight If not called on either of the first two Observation Dates, a maturity of approximately three years All payments are subject to the credit risk of The Bank of Nova Scotia ￭No periodic interest payments ￭In addition to the underwriting discount set forth below, the notes include a hedging-related charge of $0.05 per unit. See “Structuring the Notes” ￭Limited secondary market liquidity, with no exchange listing The notes are unsecured debt securities and are not savings accounts or insured deposits of a bank. The notes are not insured or guaranteed bytheCanada Deposit Insurance Corporation(the“CDIC”),the U.S.Federal Deposit Insurance Corporation(the“FDIC”),or any othergovernmental agency of Canada, the United States or any other jurisdiction The notes are being issued by The Bank of Nova Scotia (“BNS”). There are important differences between the notes and aconventional debt security, including different investment risks and certain additional costs. See “Risk Factors” beginning onpage TS-6 of this term sheet, “Additional Risk Factors” on page TS-7 of this term sheet and “Risk Factors” beginning on pagePS-7 of product supplement STOCK STR-1. The initial estimated value of the notes as of the pricing date is $9.66 per unit, which is less than the public offering price listedbelow.See “Summary” on the following page, “Risk Factors” beginning on page TS-6 of this term sheet and “Structuring the Notes” onpage TS-15 of this term sheet for additional information. The actual value of your notes at any time will reflect many factors and cannot bepredicted with accuracy._________________________ None of the U.S. Securities and Exchange Commission (the “SEC”), any state securities commission, or any other regulatory body hasapproved or disapproved of these notes or determined if this Note Prospectus (as defined below) is truthful or complete. Anyrepresentation to the contrary is a criminal offense._________________________ Summary The Autocallable Strategic Accelerated Redemption Securities®Linked to a Basket of Three Financial Sector Stocks due February, 2029 (the“notes”) are our senior unsecured debt securities. The notes are not guaranteed or insured by the CDIC or the FDIC, and are not, either directly orindirectly, an obligation of any third party. The notes are not bail-inable debt securities (as defined in the prospectus).The notes will rank equallywith all of our other unsecured senior debt. Any payments due on the notes, including any repayment of principal, will be subject to thecredit risk of BNS.The notes will be automatically called at the applicable Call Amount if the Observation Level of the Market Measure, which isthe basket of three financial sector stocks described below (the “Basket”), on any Observation Date is equal to or greater than the Call Level. If thenotes are not called, at maturity, if the Ending Value is less than the Threshold Value, you will lose all or a portion of the principal amount of yournotes. Any payments on the notes will be calculated based on the $10 principal amount per unit and will depend on the performance of the Basket,subject to our credit risk. See “Terms of the Notes” below. The Basket is comprised of the common stock of each of The Goldman Sachs Group, Inc., JPMorgan Chase & Co. and Morgan Stanley(collectively, the “Basket Stocks”). Each Basket Stock was given an approximately equal weight on the pricing date, as described under “TheBasket” on page TS-8. The economic terms of the notes (including the Call Premiums and Call Amounts) are based on our internal funding rate, which is the rate wewould pay to borrow funds through the issuance of market-linked notes, and the economic terms of certain related hedging arrangements. Ourinternal funding rate is typically lower than the rate we would pay when we issue conventional fixed rate debt securities. This difference in fundingrate, as well as the underwriting discount and the hedging related charge described below, reduced the economic terms of the notes to you andthe initial estimated value of the notes on the pricing date. Due to these factors, the public offering price you pay to purchase the notes is greaterthan the initial estimated value of the notes. On the cover page of this term sheet, we have provided the initial estimated value for the notes. The initial estimated value was determined byreference to our internal pricing models, which take into consideration certain factors, such as our internal funding rate on the pricing date and ourassumptions about market parameters. For more information about the initial estimated va