丰业银行美股招股说明书(2026-07-22版)

PRELIMINARY PRICING SUPPLEMENTSubject To Completion, dated July 22, 2026 Filed Pursuant to Rule 424(b)(2)Registration Statement No. 333-282565(To Product Supplement No. WF-1 dated November 8, 2024,Underlier Supplement dated November 8, 2024,Prospectus Supplement dated November 8, 2024and Prospectus dated November 8, 2024)The Bank of Nova Scotia Senior Note Program, Series A Equity Index Linked Securities Market Linked Securities—Auto-Callable with Contingent Downside Principal at Risk Securities Linked to the Lowest Performing of the Dow Jones Industrial Average®, the Russell 2000®IndexEqual Weight Index due July 28, 2033 Linked to thelowest performingof the Dow Jones Industrial Average®, the Russell 2000®Index and the S&P 500®Equal Weight Index (each referred to as an “Index”) Unlike ordinary debt securities, the securities do not pay interest, do not repay a fixed amount of principal at maturity and are subject to potential automatic call upon the terms describedbelow. Whether the securities are automatically called for a fixed call premium or, if not automatically called, the maturity payment amount, will depend, in each case, on the closing level ofthe lowest performing Index on the relevant call date. The lowest performing Index on any call date is the Index that has the lowest closing level on that call date as a percentage of its startinglevel Automatic Call.If the closing level of the lowest performing Index on any call date is greater than or equal to its call threshold level, the securities will be automatically called for the faceamount plus the call premium applicable to that call date. The call threshold level of each Index with respect to each call date is equal to a percentage of its starting level, as specified underTerms of the Securities — Call Threshold Levels, Call Dates and Call Premiums below. The call premium applicable to each call date will be a percentage of the face amount that increasesfor each call date based on a simple (non-compounding) return of at least 11.00% per annum (to be determined on the pricing date). Please see "Terms of the Securities — Call ThresholdLevels, Call Dates and Call Premiums" below for the call threshold levels, call dates and call premiums. Maturity Payment Amount.If the securities are not automatically called, you will receive a maturity payment amount that could be equal to or less than the face amount depending on theclosing level of the lowest performing Index on the final calculation day as follows: ￭If the closing level of the lowest performing Index on the final calculation day is less than its call threshold level, but greater than or equal to its downside threshold level, you willreceive the face amount of your securities￭If the closing level of the lowest performing Index on the final calculation day is less than its downside threshold level, you will have full downside exposure to the decrease in the levelof the lowest performing Index on the final calculation day from its starting level, and you will lose more than 25%, and possibly all, of the face amount of your securities The downside threshold level for each Index is 75% of its starting level Investors may lose a significant portion, or all, of the face amount Your return on the securities will depend solely on the performance of the Index that is the lowest performing Index on each call date. You will not benefit in any way from the performance ofa better performing Index. Therefore, you will be adversely affected if any Index performs poorly, even if the other Indices perform favorably Any positive return on the securities will be limited to the applicable call premium, even if the closing level of the lowest performing Index on the applicable call date exceeds its starting levelor call threshold level by significantly more than the percentage represented by such call premium. You will not participate in any increase of any Index No periodic interest payments or dividends on securities included in any Index No exchange listing; designed to be held to maturity If the securities priced today, the estimated value of the securities as determined by the Bank would be between $945.23 (94.523%) and $975.23 (97.523%) per security. See “TheBank's Estimated Value of the Securities” in this pricing supplement for additional information. The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See “Selected RiskConsiderations” beginning on page P-9 herein and “Risk Factors” beginning on page PS-3 of the accompanying product supplement, beginning on page S-2 of the accompanyingprospectus supplement and on page 8 of the accompanying prospectus. Scotia Capital (USA) Inc., our affiliate, will purchase the securities from the Bank for distribution to other registered broker dealers including Wells Fargo Securities, LLC (“WFS”)or will offer the securities directly to investors. Scotia Capita