丰业银行美股招股说明书(2026-05-18版)

Preliminary Pricing SupplementDated May 18, 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. EquitiesContingent Income Auto-Callable Securities due on or about May 25, 2029 All Payments on the Securities Based on the Worst Performing of the Common Stock of Apple Inc., the Common Stock of Amazon.com, Inc. and the Class A Common Stock of Principal at Risk Securities Contingent Income Auto-Callable Securities (the “securities”) do not guarantee the repayment of principal and do not provide for the regular payment of interest. Instead, the securities offer the opportunity for investors to earn a contingent quarterly coupon with respect to eachdetermination date on which the closing price ofeachunderlying stock is greater than or equal to 60.00% of its initial share price, which we refer to as its coupon threshold price. In addition, if the closing prices ofallof the underlying stocks on any determination date prior tothe final determination date aregreater than or equal totheir respective call threshold prices, the securities will be automatically redeemed for an amount per security equal to (i) the stated principal amountplus(ii) the contingent quarterly coupon otherwise payable withrespect to the applicable determination date. No further payments will be made on the securities once they have been redeemed. However, if the closing price ofanyunderlying stock on any applicable determination date isless thanits call threshold price, the securities willnot be automatically redeemed and, if the closing price ofanyunderlying stock isless thanits coupon threshold price, you will not receive any contingent quarterly coupon with respect to the applicable determination date. As a result, investors must be willing to accept the riskof not receiving any contingent quarterly coupons during the term of the securities. Furthermore, if the final share price ofanyunderlying stock isless than60.00% of its initial share price, which we refer to as its downside threshold price, BNS will pay you a cash payment persecurity that will beless thanthe stated principal amount and you will be exposed on a 1-to-1 basis to the decline of the worst performing underlying stock. In this scenario, you will lose a significant portion or all of your investment in the securities. Accordingly, the securities donot guarantee any return of principal at maturity. Investors will not participate in any appreciation of the underlying stocks and will not realize a return beyond the returns represented by the contingent quarterly coupons received, if any, during the term of the securities. Becauseall payments on the securities are based on the worst performing underlying stock, a decline beyond the respective coupon threshold price and/or downside threshold price, as applicable, ofanyunderlying stock will result in few or no contingent quarterly coupons and/or a lossof a significant portion and up to your entire investment in the securities even if the other underlying stocks appreciate or have not declined as much. These securities are for investors who are willing to risk their entire investment based on the worst performing underlying stockand who seek an opportunity to earn interest at a potentially above-market rate in exchange for the risk of receiving no interest over the entire term of the securities. The securities are senior unsecured debt securities issued by The Bank of Nova Scotia (“BNS”). The securitiesare 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 in the securities. Thesesecurities 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. The securities will not be listed or displayed on any securities exchange or any electronic communications network.Scotia Capital Inc. Scotia Capital (USA) Inc. (“SCUSA”), an affiliate of BNS. See “Additional Information About the Securities — Supplemental information regarding plan of distribution (conflicts of interest); secondary markets (if any).”Expected to be between $927.80 and $957.80 per stated principal amount, which will be less than the issue price listed above. See “Additional Information About the Securities — Additional information regarding estimated value of thesecurities” herein and “Risk Factors — Risks Relating to Estimated Value and Liquidity” beginning on page 12 of this document for additional information. The actual value of your securities at any time will reflect many factors and cannot bepredicted with accuracy. The securities are not insured by