丰业银行美股招股说明书(2026-06-24版)

PRELIMINARY PRICING SUPPLEMENTDated June 24, 2026Filed Pursuant to Rule 424(b)(2)Registration Statement No. 333-282565(To Prospectus dated November 8, 2024,Prospectus Supplement dated November 8, 2024,Underlier Supplement dated November 8, 2024and Product Supplement dated November 8, 2024)The Bank of Nova Scotia $Trigger Step Securities Linked to the least performing of the S&P 500®Index and the EURO STOXX 50®Index due on or about June 27, 2030Investment Description The Bank of Nova Scotia Trigger Step Securities (the “Securities”) are senior, unsecured debt securities issued by The Bank of Nova Scotia (“BNS” or the “issuer”) linked to the least performing of the S&P 500®Index and the EURO STOXX 50®Index (each, an “underlying asset” and together, the “underlying assets”). The amount youreceive at maturity will be based on the direction and percentage change in the closing level of the underlying asset with the lowest percentage change from its initiallevel to its final level (such underlying asset, the “least performing underlying asset” and such return, the “least performing underlying return”) and whether the closinglevel of any underlying asset on the final valuation date (its “final level”) is less than its step barrier or downside threshold. If the final level of each underlying asset isequal to or greater than its step barrier, BNS will pay you a cash payment per Security at maturity equal to the principal amount plus a percentage return equal to thegreater of(i) the step return and (ii) the least performing underlying return. If the final level of any underlying asset is less than its step barrier but the final level of eachunderlying asset is equal to or greater than its downside threshold, BNS will pay you a cash payment per Security at maturity equal to the principal amount. If, however,the final level of any underlying asset is less than its downside threshold, BNS will pay you a cash payment per Security at maturity that is less than the principal amount,if anything, resulting in a percentage loss of your principal amount equal to the least performing underlying return and, in extreme situations, you could lose your entireinvestment in the Securities.Investing in the Securities involves significant risks. The Securities do not pay interest. You may lose a significant portion or all ofyour investment in the Securities. You will be exposed to the market risk of each underlying asset on the final valuation date and any decline in the level ofone underlying asset may negatively affect your return and will not be offset or mitigated by a lesser decline or any potential increase in the level of any otherunderlying asset The contingent repayment of principal applies only if you hold the Securities to maturity. Any payment on the Securities, including anyrepayment of principal, is subject to the creditworthiness of BNS. If BNS were to default on its payment obligations you may not receive any amounts owedto you under the Securities and you could lose your entire investment in the Securities. Features Participation in the Positive Least Performing Underlying Return with Step ReturnFeature:At maturity, if the final level of each underlying asset is equal to or greater than itsstep barrier, the Securities provide a percentage return equal to thegreater of(i) the stepreturn and (ii) theleast performing underlying return. Contingent Repayment of Principal at Maturity with Potential for Full DownsideMarket Exposure:If the final level of any underlying asset is less than its step barrier butthe final level of each underlying asset is equal to or greater than its downside threshold,BNS will pay you a cash payment per Security at maturity equal to the principal amount. If,however, the final level of any underlying asset is less than its downside threshold, BNSwill pay you a cash payment per Security at maturity that is less than the principal amount,if anything, resulting in a percentage loss of your principal amount equal to the leastperformingunderlying return and,in extreme situations,you could lose your entireinvestment in the Securities. The contingent repayment of principal applies only if you holdthe Securities to maturity. Any payment on the Securities, including any repayment ofprincipal, is subject to the creditworthiness of BNS. *Expected. See page P-2 for additional details. **We expect to deliver the Securities against payment on or about the third business dayfollowing the trade date. Under Rule 15c6-1 of the Securities Exchange Act of 1934, asamended, trades in the secondary market generally are required to settle in onebusinessday(T+1),unless the parties to a trade expressly agree otherwise.Accordingly, purchasers who wish to trade the Securities in the secondary market onany date prior to one business day before delivery of the Securities will be required, byvirtue of the fact that each Security initially will settle in three business days (T+3), tospecifyalternative settlement arrang