丰业银行美股招股说明书(2026-06-08版)

Market Index Target-Term Securities®“MITTS®” Linked to One or More Equity Indices or ExchangeTraded Funds ●MITTS are senior unsecured debt securities issued by The Bank of Nova Scotia (the “Bank”). Any payments due on MITTS, including any repaymentof principal, will be subject to the credit risk of the Bank.●MITTS may not guarantee the full return of principal at maturity, and we will not pay interest on MITTS. Instead, the return on MITTS will be based onthe performance of an underlying “Market Measure,” which will be an equity index (an “Index”), an exchange traded fund (an “Underlying Fund”) ora basket of the foregoing.●If the value of the Market Measure increases from its Starting Value to its Ending Value (each as defined below), you will receive at maturity a cashpayment per unit (the “Redemption Amount”) that equals the principal amount plus a multiple (the “Participation Rate”) of that increase. TheParticipation Rate will generally be greater than or equal to 100%. The Redemption Amount may also be subject to a specified cap (the “CappedValue”).●If the value of the Market Measure does not change or decreases from its Starting Value to its Ending Value, you will receive a Redemption Amountthat is no less than the minimum redemption amount per unit (the “Minimum Redemption Amount”). The Minimum Redemption Amount may be lessthan or equal to the principal amount. If the Minimum Redemption Amount is less than the principal amount, you may lose a portion of your investmentin MITTS.●This product supplement describes the general terms of MITTS, the risk factors to consider before investing, the general manner in which they may beoffered and sold, and other relevant information.●For each offering of MITTS, we will provide you with a pricing supplement (which we refer to as a “term sheet”) that will describe the specific termsof that offering, including the specific Market Measure, the Participation Rate, the Minimum Redemption Amount, and any applicable Capped Valueand certain related risk factors. The applicable term sheet will identify, if applicable, any additions or changes to the terms specified in this productsupplement.●MITTS will be issued in denominations of whole units. Unless otherwise set forth in the applicable term sheet, each unit will have a principal amountof $10. The applicable term sheet may also set forth a minimum number of units that you must purchase.●Unless otherwise specified in the applicable term sheet, MITTS will not be listed on a securities exchange or quotation system.●BofA Securities, Inc. (“BofAS”) and one or more of its affiliates may act as our agents to offer MITTS and will act in a principal capacity in such role. MITTS are unsecured and are not savings accounts or insured deposits of a bank. MITTS are not insured by the Canada Deposit Insurance Corporation, theU.S. Federal Deposit Insurance Corporation (the “FDIC”) or any other governmental agency of the United States, Canada, or any other jurisdiction.Potential purchasers of MITTS should consider the information in “Risk Factors” beginning on page PS-6 of this product supplement, page S-2 of theaccompanying prospectus supplement, and page 7 of the accompanying prospectus. None of the Securities and Exchange Commission (the “SEC”), any state securities commission, or any other regulatory body has approved or disapprovedof these securities or passed upon the adequacy or accuracy of this product supplement, the prospectus supplement, or the prospectus. Any representation tothe contrary is a criminal offense. TABLE OF CONTENTS Page SUMMARYPS-3RISK FACTORSPS-6USE OF PROCEEDS AND HEDGINGPS-20DESCRIPTION OF MITTSPS-21SUPPLEMENTAL PLAN OF DISTRIBUTIONPS-35SUPPLEMENTAL DISCUSSION OF CANADIANFEDERAL INCOME TAX CONSEQUENCESPS-36MATERIAL U.S. FEDERAL INCOME TAXCONSEQUENCESPS-38ERISA CONSIDERATIONSPS-45_______________ Any payments due on MITTS, including any repayment of principal, are subject to our credit risk as issuerof MITTS. The Redemption Amount, denominated in U.S. dollars, will be calculated as follows: RISK FACTORS Your investment in MITTS is subject to investment risks, many of which differfrom those of a conventional debt security. Your decision to purchase MITTS should bemade only after carefully considering the risks, including those discussed below, in lightof your particular circumstances. MITTS are not an appropriate investment for you ifyou are not knowledgeable about the material terms of MITTS or investments in equityor equity-based securities in general. Structure-Related Risks You may not receive a positive return on your investment and, if theMinimum Redemption Amount is less than the principal amount per unit, thenyour investment may result in a loss.The return on MITTS will be based on theperformance of the Market Measure. If the value of the Market Measure decreases fromthe Starting Value to the Ending Value, you will not receive any positive return on yourMITTS, and if the Minimum Redemption Am