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 Nova Scotia(the “Bank”) and any payments 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 Axon Enterprise, Inc.,the common stock of DellTechnologies Inc., the common stock of Palantir Technologies Inc. and the common stock of Snowflake Inc. (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 in thispricing supplement) is equal to or greater than its Initial Value■If the Notes are automatically called, you will receive a cash payment per Note on the Call Settlement Date equal to the Principal Amountplus any Contingent Coupon otherwise payable on the corresponding Contingent Coupon Payment Dateand any accrued UnpaidContingent Coupons that have not yet been paid. Following an automatic call, no further payments will be made on the Notes.■If the Notes have not been automatically called and the Closing Value of each Reference Asset on any Contingent Coupon ObservationDate (as specified in this pricing supplement) is equal to or greater than its Contingent Coupon Barrier Value, the Notes will pay aContingent Coupon (as specified under “Summary” below) with respect to such date, plus any Unpaid Contingent Coupons (as definedbelow) that have accrued and have not already been paid on a previous Contingent Coupon Payment Date■If the Notes have not been automatically called and the Closing Value of any Reference Asset on any Contingent Coupon ObservationDate prior to the Final Valuation Date is less than its Contingent Coupon Barrier Value, the Contingent Coupon with respect to suchContingent Coupon Observation Date will not be payable on the related Contingent Coupon Payment Date, will become an “UnpaidContingent Coupon” and will be paid on the next Contingent Coupon Payment Date on which a Contingent Coupon otherwise becomespayable (if one occurs)■If the Notes are not automatically called, you will receive the Principal Amount of your Notes on the Maturity Date, in addition to anyContingent Coupon due with respect to the Final Valuation Date and any accrued Unpaid Contingent Coupons that have not yet beenpaid■The Notes do not guarantee interest and you may not receive any Contingent Coupons on the Notes■The Trade Date was July 27, 2026 and the Notes will settle on July 30, 2026 and will have a term of approximately 5 years, if notautomatically called prior to maturity■Minimum investment of $1,000 and integral multiples of $1,000 in excess thereof■CUSIP / ISIN: 063941EW4 / US063941EW40■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. The initial estimated value of your Notes at the time the terms of your Notes were set on the Trade Date was $961.76 per $1,000Principal Amount, which is less than the Original Issue Price of your Notes listed below.See “Additional Information RegardingEstimated Value of the Notes” on the following page and “Additional Risks — Risks Relating to Estimated Value and Liquidity” beginning onpage P-14 of this document for additional information. The actual value of your Notes at any time will reflect many factors and cannot bepredicted 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 the distribution ofthe Notes, has agreed to sell the Notes to Citigroup Global Markets Inc. (“CGMI” and, together with SCUSA, the “Agents”) at the discountspecified in the table above. CGMI may resell the Notes to other dealers at a discount of up to the discount received. 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 or disapproved of theNotes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanying product supplement, prospectus supplement orprospectus. 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 United States or any otherjurisdiction. The Notes offered hereunder are unsubordinated and unsecured obligations of the Bank and are subject to investmentrisks including the credit risk of the Bank. As used in this pricing supplement, the “Bank,” “we,