Preliminary Pricing SupplementDated April 29, 2026Registration Statement No. 333-282565Filed pursuant to Rule 424(b)(2)(To Prospectus dated November 8, 2024,Prospectus Supplement dated November 8, 2024, and Product Supplement dated November 8, 2024) STRUCTURED INVESTMENTSOpportunities in U.S. Equities Enhanced Trigger Jump Securities with Auto-Callable Feature due on or about May 4, 2028Based on the Worst Performing of the Ordinary Shares of Seagate Technology Holdings Public Limited Company and the Common Stock of Western Digital Corporation Principal at Risk Securities The Enhanced Trigger Jump Securities with Auto-Callable Feature (the “securities”) do not provide for the regular payment of interest and do not guarantee any return of principal. The securities will be automatically redeemed if the closing price of eachof the underlying stocks on any of the determination dates other than the final determination date aregreater than or equal toits respective initial share price, for an early redemption payment that will increase over the term of the securities and thatwill correspond to a return of 48.12% per annum, as described below. No further payments will be made on the securities once they have been redeemed. At maturity, if the securities have not previously been redeemed and the final share prices ofallof the underlying stocks aregreater than or equal totheir respective trigger prices, investors will receive the stated principal amount of their investmentplusa fixed positive return that will also correspond to a return of 48.12% per annum, as set forthbelow. However, if the securities are not automatically redeemed prior to maturity and the final share price ofanyof the underlying stocks isless thanits trigger price, investors will lose 1% for every 1% that the final share price of the worst performingunderlying stock falls below its initial share price. Under these circumstances, the payment at maturity will be significantly less than the stated principal amount and could be as low as zero.Accordingly, the securities do not guarantee any return ofprincipal at maturity and you could lose up to your entire investment in the securities.Because all payments on the securities are based on the worst performing underlying stock, a decline beyond the respective trigger price, as applicable, ofany of the underlying stocks will result in a loss of a significant portion and you could loseup to your entire investment in the securities even if the other underlying stocks appreciate or have not declined as much.These securities are forinvestors who are willing to risk their entire investment based on the worst performing of three underlying stocks and who are willing to risk their principal and forgo current income and participation in any increase of the worst performing underlyingstock in exchange for the possibility of receiving an early redemption payment or payment at maturity greater than the stated principal amount if the closing price of each of the underlying stocks is greater than or equal to its initial share price on adetermination date or its trigger price on the final determination date, respectively. The securities are senior unsecured debt securities issued by The Bank of Nova Scotia (“BNS”). The securities are notes issued as part of BNS’ Senior Note Program,Series A. All payments on the securities 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 securities and you could lose your entire investment inthe securities. These securities are not secured obligations and you will not have any security interest in, or otherwise have any access to, any underlying reference asset or assets.SUMMARY TERMS May 5, 2026 (3 business days after the pricing date). Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle inone business day (T+1), unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the securities in the secondary market on any date prior to onebusiness day before delivery will be required, by virtue of the fact that the securities will settle in three business days (T+3), to specify alternative settlement arrangements to prevent a failedsettlement of the secondary market trade. May 4, 2028, subject to postponement for certain market disruption events and as described in the accompanying product supplement.If the closing prices of all of the underlying stocks on any determination date other than the final determination date aregreater than or equal totheir respective initial share prices, the securitieswill be automatically redeemed for the applicable early redemption payment on the related early redemption date. No further payments will be made on the securities once they have beenredeemed. The securities will not be redeemed early on an early redemption date if the closing p