加拿大丰业银行美股招股说明书(2026-04-15版)

April 2026Preliminary Pricing SupplementDated April 15, 2026Registration Statement No. 333-282565Filed pursuant to Rule 424(b)(2)(To Prospectus dated November 8, 2024,Prospectus Supplement dated November 8, 2024,Underlier Supplement dated November 8, 2024and Product Supplement dated November 8, 2024) STRUCTURED INVESTMENTS Buffered Performance Leveraged Upside SecuritiesSMPrincipal at Risk SecuritiesThe Buffered PLUS will pay no interest and provide a minimum payment at maturity of only 15.00% of the stated principal amount. At maturity, if the final index value of the underlying index is greater than the initial index value, investors will receive the stated principal amount of their investment plus the leveraged upside performance of the underlying index, subject to the maximum payment at maturity. If the final index value is less than or equal tothe initial index value, but not by more than the buffer amount of 15.00%, investors will receive the stated principal amount at maturity. However, if the final index value is less than the initial index value by more than the bufferamount, investors will lose 1% for every 1% that the final index value falls below the initial index valuein excess of the buffer amount and could lose up to 85.00% of the stated principal amount.Accordingly, the BufferedPLUS do not guarantee the full return of principal at maturity and you could lose up to 85.00% of your investment in the Buffered PLUS.The Buffered PLUS are for investors who seek an index-based return and whoare willing to risk their principal and forgo current income and upside above the maximum payment at maturity in exchange for the leverage and buffer features that each apply to a limited range of performance of theunderlying index.The Buffered PLUS are senior unsecured debt securities issued by The Bank of Nova Scotia (“BNS”). The Buffered PLUS are notes issued as part of BNS’ Senior Note Program, Series A.All payments on the Buffered PLUS are subject to the credit risk of BNS. If BNS were to default on its payment obligations, you may not receive any amounts owed to you under the Buffered PLUS and youcould lose your entire investment in the Buffered PLUS. These Buffered PLUS are not secured obligations and you will not have any security interest in, or otherwise have any access to, any underlyingreference asset or assets. The index closing value of the underlying index on the pricing date, as determined by the calculation agent and as may be adjusted as described under“General Terms of the Notes — Unavailability of the Closing Value of a Reference Asset; Adjustments to a Reference Asset — Unavailability of the ClosingValue of a Reference Index; Alternative Calculation Methodology”,as described in the accompanying product supplement. Expected to be between $927.58 and $957.58 per stated principal amount, which will be less than the issue price listed above. See “Additional InformationAbout the Buffered PLUS —Additional information regarding estimated value of the Buffered PLUS” herein and “Risk Factors —Risks Relating to EstimatedValue and Liquidity” beginning on page 9 of this document for additional information. The actual value of your Buffered PLUS at any time will reflect manyfactors and cannot be predicted with accuracy. (1)SCUSA will purchase the Buffered PLUS at the stated principal amount and, as part of the distribution of the Buffered PLUS, will sell all of the Buffered PLUS to Morgan Stanley Smith Barney LLC (“MorganStanley Wealth Management”) at an underwriting discount which reflects:(a)a fixed sales commission of $25.00 per $1,000.00 stated principal amount of Buffered PLUS that Morgan Stanley Wealth Management sells and(b)a fixed structuring fee of $5.00 per $1,000.00 stated principal amount of Buffered PLUS that Morgan Stanley Wealth Management sells,each payable to Morgan Stanley Wealth Management. See “Additional Information About the Buffered PLUS —Supplemental information regarding plan of distribution (conflicts of interest); secondary markets (ifany)” herein. Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this document, the accompanyingproduct supplement, the underlier supplement, the prospectus supplement or the prospectus. Any representation to the contrary is a criminal offense. The Buffered PLUS are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the Canada Deposit Insurance Corporation Act (the “CDIC Act”) or the U.S. Federal Deposit InsuranceCorporation or any other government agency of Canada, the U.S. or any other jurisdiction. The Buffered PLUS are not bail-inable debt securities under the CDIC Act. Product supplement dated November 8, 2024Underlier supplement dated November 8, 2024Prospectus supplement dated November 8, 2024Prospectus dated November 8, 2024 Buffered PLUS Based on the Value of the EURO STOXX 50®Index du