加拿大丰业银行美股招股说明书(2026-05-05版)

PRELIMINARY PRICING SUPPLEMENTSubject To Completion, dated May 5, 2026Filed Pursuant to Rule 424(b)(2)Registration Statement No. 333-282565(To Product Supplement No. WF-1 dated November 8, 2024,Prospectus Supplement dated November 8, 2024and Prospectus dated November 8, 2024)The Bank of Nova Scotia Senior Note Program, Series A Equity Linked Securities MarketLinked Securities—Auto-Callable with Contingent Absolute Return and ContingentDownsidePrincipal at Risk Securities Linked to the Lowest Performing of the common stock of Microsoft Corporation, the common stock of Oracle Corporation and the common stock of Tesla, Inc. dueJune 1, 2029 Linked to thelowest performingof the common stock of Microsoft Corporation, the common stock of Oracle Corporation and the commonstock of Tesla, Inc. (each referred to as an “Underlying Stock”) Unlike ordinary debt securities, the securities do not pay interest, do not repay a fixed amount of principal at maturity and are subject to potentialautomatic call upon the terms described below. Whether the securities are automatically called for a fixed call premium or, if not automaticallycalled, the maturity payment amount, will depend, in each case, on the stock closing price of the lowest performing Underlying Stock on therelevant call date. The lowest performing Underlying Stock on any call date is the Underlying Stock that has the lowest stock closing price onthat call date as a percentage of its starting price Automatic Call.If the stock closing price of the lowest performing Underlying Stock on any call date is greater than or equal to its callthreshold price, the securities will be automatically called for the face amount plus the call premium applicable to that call date. The callthreshold price for each Underlying Stock is equal to 80% of its starting price. The call premium applicable to each call date will be a percentageof the face amount that increases for each call date based on a simple (non-compounding) return of at least approximately 22.65% per annum (tobe determined on the pricing date). Please see "Terms of the Securities — Call Dates and Call Premiums" below for the call dates and callpremiums. Maturity Payment Amount.If the securities are not automatically called, you will receive a maturity payment amount that could be greaterthan or less than the face amount depending on the stock closing price of the lowest performing Underlying Stock on the final calculation day asfollows: If the stock closing price of the lowest performing Underlying Stock on the final calculation day is less than its call threshold price, butgreater than or equal to its threshold price, you will receive the face amount of your securities 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 limited to a positive return of 50% If the stock closing price of the lowest performing Underlying Stock on the final calculation day is less than its threshold price, you willhave full downside exposure to the decrease in the price of the lowest performing Underlying Stock on the final calculation day from itsstarting price, and you will lose more than 50%, and possibly all, of the face amount of your securities The threshold price for each Underlying Stock is 50% of its starting price If the securities are automatically called, thepositive return on the securities will be limited to the applicable call premium, even if the stockclosing price of the lowest performing Underlying Stock on the applicable call date exceeds its starting price by significantly more than thepercentage represented by such call premium.If the securities are not automatically called, the potential positive return on the securities fromthe absolute value of the percentage decline of the price of the lowest performing Underlying Stock will be limited to 50% Your return on the securities will depend solely on the performance of the Underlying Stock that is the lowest performing Underlying Stock oneach call date. You will not benefit in any way from the performance of a better performing Underlying Stock. Therefore, you will be adverselyaffected if any Underlying Stock performs poorly, even if the other Underlying Stocks perform favorably If the securities priced today, the estimated value of the securities as determined by the Bank would be between $895.56 (89.556%) and $925.56 (92.556%) per security. See “TheBank'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 “Selected RiskConsiderations” beginning on page P-10 herein and “Risk Factors” beginning on page PS-3 of the accompanying product supplement, beginning on page S-2 of the accompanyingprospectus supplement an