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 ofNova Scotia (the “Bank”) and any payments or deliveries on the Notes are subject to the credit risk of the Bank■Payments on the Notes are based on the performance of the common stock of Microsoft Corporation and the common stock ofNVIDIA Corporation (each a “Reference Asset”), as described below■The Notes will be automatically called if the Closing Value of each Reference Asset on any Call Observation Date (as specified inthis pricing supplement) is equal to or greater than its Initial Value■The Notes will pay a Coupon (as specified under “Summary” below) on each Coupon Payment Date regardless of theperformance of the Reference Assets, unless the Notes have previously been subject to an automatic call■If the Notes are automatically called, you will receive a cash payment per Note on the Call Settlement Date equal to the PrincipalAmount plus the Coupon otherwise payable on the corresponding Coupon Payment Date. Following an automatic call, no furtherpayments will be made on the Notes.■If the Notes are not automatically called, the Payment at Maturity will be based solely on the performance of the Reference Assetwith the lowest percentage change from its Initial Value to its Final Value (the “Least Performing Reference Asset”)■If the Notes are not automatically called and the Final Value of the Least Performing Reference Asset is equal to or greater thanits Barrier Value, you will receive a cash payment per Note at maturity equal to the Principal Amount of your Notes, in addition tothe Coupon due on such date■If the Notes are not automatically called and the Final Value of the Least Performing Reference Asset is less than its BarrierValue, at maturity, in addition to the Coupon otherwise due, you will receive a number of shares (and/or cash in lieu of anyfractional share) of the Least Performing Reference Asset per Note equal to its Physical Delivery Amount (as defined under“Summary” below) and you may lose up to 100% of the Principal Amount■The Trade Date was July 14, 2026 and the Notes will settle on July 17, 2026 and will have a term of approximately 2 years, if notautomatically called prior to maturity■Minimum investment of $1,000 and integral multiples of $1,000 in excess thereof■CUSIP / ISIN: 063941AZ1 / US063941AZ17■See “Summary” beginning on page P-3 herein for additional information Any payment or delivery 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-11 herein and“Additional Risk Factors Specific to the Notes” beginning on page PS-6 of the accompanying product supplement and “RiskFactors”beginning on page S-2 of the accompanying prospectus supplement and on page 8 of the accompanyingprospectus. The initial estimated value of your Notes at the time the terms of your Notes were set on the Trade Date was $967.73 per$1,000 Principal Amount, which is less than the Original Issue Price of your Notes listed below.See “Additional InformationRegarding Estimated Value of the Notes” on the following page and “Additional Risks — Risks Relating to Estimated Value andLiquidity” beginning on page P-13 of this document for additional information. The actual value of your Notes at any time will reflectmany factors and cannot be predicted with accuracy.Per NoteTotal (1)Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, has agreed to purchase the Notes at the Original Issue Price and, as part of thedistribution of the Notes, has agreed to sell the Notes to Citigroup Global Markets Inc. (“CGMI” and, together with SCUSA, the “Agents”)at the discount specified in the table above. CGMI may resell the Notes to other dealers at a discount of up to the discount received. See“Supplemental Plan of Distribution (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 product supplement,prospectus supplement or prospectus. Any representation to the contrary is a criminal offense.The Notes are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the Canada Deposit Insurance Corporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation (the “FDIC”) or any other government agency of Canada, the UnitedStates or any other jurisdiction. Scotia 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 “