丰业银行美股招股说明书(2026-05-28版)

Linked to the Least Performing Reference Asset of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P500® Indexdue June 3, 2031 General Any capitalized terms used but not defined in the following bullets have the meaning set forth under “Summary” in this pricing supplement. ￭The notes offered by this pricing supplement (the “Notes”) are unsubordinated and unsecured debt securities of The Bank of NovaScotia (the “Bank”) and any payments on the Notes are subject to the credit risk of the Bank￭If the Closing Value ofeachof the Nasdaq-100 Index®, the Russell 2000®Index and the S&P 500®Index (each, a “Reference Asset”and together, the “Reference Assets”) on any Observation Date, including the final Observation Date (which is also the “Final ValuationDate”), is equal to or greater than 100.00% of its Initial Value (each, its “Call Value”), the Notes will be automatically called on therelated Call Payment Date for the applicable Call Payment Amount. No further amounts will be owed on the Notes￭The Call Payment Amounts are based on a rate of return of 15.40% per term (the “Call Return Rate”) and increase as of eachObservation Date to reflect such rate of return￭If the Notes are not automatically called at or prior to maturity and the Final Value ofeachReference Asset is equal to or greater than70.00% of its Initial Value (each, its “Barrier Value”), you will receive the Principal Amount￭If the Notes are not automatically called at or prior to maturity and the Final Value ofanyReference Asset is less than its Barrier Value,investors will be fully exposed to the negative performance of the Reference Asset with the lowest percentage change (the “LeastPerforming Reference Asset”) from its Initial Value to its Final Value and may lose up to 100% of the Principal Amount￭The Notes do not bear interest or pay any coupons prior to maturity￭The Strike Date was May 27, 2026, the Trade Date is expected to be May 29, 2026 and the Notes are expected to settle on June 3,2026 and will have a term of approximately 5 years if not automatically called prior to maturity￭Minimum investment of $1,000 and integral multiples of $1,000 in excess thereof￭CUSIP / ISIN: 06419TDB1 / US06419TDB17￭See “Summary” beginning on page P-3 herein for additional information All payments on the Notes will be made in cash.Any payment on your Notes is subject to the creditworthiness of the Bank. Investment in the Notes involves certain risks. You should refer to “Additional Risks” beginning on page P-12 herein and “AdditionalRisk Factors Specific to the Notes” beginning on page PS-6 of the accompanying product supplement and “Risk Factors” beginningon page S-2 of the accompanying prospectus supplement and on page 8 of the accompanying prospectus. The initial estimated value of your Notes on the Trade Date is expected to be between $946.40 and $976.40 per $1,000 PrincipalAmount, which will be less than the Original Issue Price of your Notes listed below.See “Additional Information Regarding EstimatedValue of the Notes” on the following page and “Additional Risks – Risks Relating to Estimated Value and Liquidity” beginning on page P-14 ofthis document for additional information. The actual value of your Notes at any time will reflect many factors and cannot be predicted withaccuracy. (2)Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, will purchase the Notes from us at the Principal Amount and, as part of the distribution of the Notes, willsell the Notes to other registered broker-dealers at a discount of up to $1.50 (0.15%) per Principal Amount of the Notes. See “Supplemental Plan ofDistribution (Conflicts of Interest)” herein. Neither the United States Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved ordisapproved of the Notes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanying productsupplement, underlier supplement, accompanying prospectus supplement or prospectus. Any representation to the contrary is acriminal offense. The Notes are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the Canada Deposit InsuranceCorporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation (the “FDIC”) or any other government agency ofCanada, the United States or any other jurisdiction. Pricing Supplement dated [•], 2026Scotia Capital (USA) Inc. The Notes offered hereunder are unsubordinated and unsecured obligations of the Bank and are subject to investment risksincluding the credit risk of the Bank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The Bank of NovaScotia. The Notes will not be listed on any U.S. securities exchange or automated quotation system. The Notes are derivative products based on the price return of the Least Performing Reference Asset. All payments on the Noteswill be made in cash. The Notes do not constitute a hypothetical direct investment in any of the Refere