加拿大丰业银行美股招股说明书(2026-04-07版)

PRELIMINARY PRICING SUPPLEMENTSubject To Completion, dated April 7, 2026Filed Pursuant to Rule 424(b)(2)Registration Statement No. 333-282565(To Product Supplement No. WF-1 dated November 8, 2024, The Bank of Nova Scotia Senior Note Program, Series AEquity Linked Securities Market Linked Securities—Auto-Callable with Leveraged Upside Participation and ContingentAbsolute Return and Contingent Downside Principal at Risk Securities Linked to the Lowest Performing of the common stock of Microsoft Corporation, the commonstock of Netflix, Inc. and the common stock of Oracle Corporation due April 13, 2029 ■Linked to the lowest performing of the common stock of Microsoft Corporation, the common stock of Netflix, Inc. and the common stock of OracleCorporation (each referred to as an “Underlying Stock”, and collectively as the "Underlying Stocks") automatic call upon the terms described below. Whether the securities are automatically called for a fixed call premium or, if not automatically called,the maturity payment amount, will depend, in each case, on the performance of the lowest performing Underlying Stock. The lowest performingUnderlying Stock on the call date or the final calculation day is the Underlying Stock with the lowest underlying stock return on that day, calculated foreach Underlying Stock as the percentage change from its starting price to its stock closing price on that day ■Automatic Call.If the stock closing price of the lowest performing Underlying Stock on the call date occurring approximately one year after issuanceis greater than or equal to its starting price, the securities will be automatically called for the face amount plus a call premium of 50.00% of the face ■Maturity Payment Amount.If the securities are not automatically called, you will receive a maturity payment amount that could be greater than, equalto or less than the face amount depending on the ending price of the lowest performing Underlying Stock on the final calculation day as follows: ■If the ending price of the lowest performing Underlying Stock on the final calculation day isgreater thanits starting price, you will receive theface amount plus a positive return equal to at least 425% (to be determined on the pricing date) of the percentage increase in the price of thelowest performing Underlying Stock from its starting price■If the ending price of the lowest performing Underlying Stock on the final calculation day isless than or equal toits starting price, butgreaterthan or equal to50% of its starting price (its “threshold price”), you will receive the face amount plus a positive return equal to the absolutevalue of the percentage decline in the price of the lowest performing Underlying Stock from its starting price to its ending price, which willeffectively be capped at a positive return of 50% ■Investors may lose a significant portion or all of the face amount ■If the securities are automatically called, the positive return on the securities will be limited to the call premium, and you will not participate in anyappreciation of the lowest performing Underlying Stock, which may be significant. If the securities are automatically called, you will no longer have theopportunity to participate in any appreciation of any Underlying Stock at the upside participation rate ■Your return on the securities will depend solely on the performance of the Underlying Stock that is the lowest performing Underlying Stock on the calldate and the final calculation day. You will not benefit in any way from the performance of a better performing Underlying Stock. Therefore, you will beadversely affected if any Underlying Stock performs poorly, even if the other Underlying Stock performs favorably ■All payments on the securities are subject to the credit risk of The Bank of Nova Scotia (the “Bank”) ■No periodic interest payments or dividends ■No exchange listing; designed to be held to maturity If the securities priced today, the estimated value of the securities as determined by the Bank would be between $880.00 (88.00%) and $897.30 (89.73%) per security.See “The Bank’s Estimated Value of the Securities” in this pricing supplement for additional information. The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See “SelectedRisk Considerations” beginning on page P-9 herein and “Risk Factors” beginning on page PS-3 of the accompanying product supplement, beginning on page S-2 ofthe accompanying prospectus supplement and on page 8 of the accompanying prospectus. Scotia Capital (USA) Inc., our affiliate, will purchase the securities from the Bank for distribution to other registered broker dealers including Wells Fargo Securities,LLC (“WFS”) or will offer the securities directly to investors. Scotia Capital (USA) Inc. or any of its affiliates or agents may use this pricing supplement in market-making transactions in securities after th