丰业银行美股招股说明书(2026-08-10版)

Pricing Supplement dated [•], 2026 to theProspectus dated November 8, 2024 andProspectus Supplement dated November 8, 2024 ●100% repayment of principal at maturity, subject to the credit risk of the Bank●Annual interest payments●Callable by the Bank annually on any Issuer Call Payment Date●Interest Rate of 5.20% per annum over the 5-year stated term of the Notes The Callable Fixed Rate Notes due August 14, 2031 (Bail-inable Notes) (the “Notes”) offered hereunder are unsubordinated and unsecured obligations ofThe Bank of Nova Scotia and are subject to investment risks including possible loss of the Principal Amount invested due to the credit risk of The Bank ofNova Scotia. As used in this Pricing Supplement, the “Bank,” “we,” “us” or “our” refers to The Bank of Nova Scotia. The Notes will not be listed on any securities exchange or automated quotation system. Neither the United States Securities and Exchange Commission (“SEC”) nor any state securities commission has approved or disapproved ofthe Notes or passed upon the accuracy or the adequacy of this document, the accompanying Prospectus or Prospectus Supplement. 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”), the United States Federal Deposit Insurance Corporation, or anyother governmental agency of Canada, the United States or any other jurisdiction. The Notes are bail-inable debt securities (as defined in the accompanying Prospectus) and subject to conversion in whole or in part – by means of atransaction or series of transactions and in one or more steps – into common shares of the Bank or any of its affiliates under subsection 39.2(2.3) of theCDIC Act and to variation or extinguishment in consequence, and subject to the application of the laws of the Province of Ontario and the federal laws ofCanada applicable therein in respect of the operation of the CDIC Act with respect to the Notes. See “Description of the Debt Securities We May Offer ―Special Provisions Related to Bail-inable Debt Securities” and “Risk Factors — Risks Related to the Bank’s Debt Securities” in the accompanyingProspectus. Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, will purchase the Notes from us for distribution to other registered broker-dealers or will offer the Notesdirectly to investors. SCUSA or any of our other affiliates or agents may use the final pricing supplement to which this Preliminary Pricing Supplement (this“Pricing Supplement”) relates in market-making transactions in the Notes after their initial sale. Unless we, SCUSA or another of our affiliates or agentsselling such Notes to you informs you otherwise in the confirmation of sale, the final pricing supplement to which this Pricing Supplement relates is beingused in a market-making transaction. See “Supplemental Plan of Distribution (Conflicts of Interest)” in this Pricing Supplement and “Supplemental Plan ofDistribution (Conflicts of Interest)” of the accompanying Prospectus Supplement. Investment in the Notes involves certain risks. You should refer to “Additional Risk Factors” beginning on page P-6 of this Pricing Supplementand “Risk Factors” beginning on page S-2 of the accompanying Prospectus Supplement. Scotia Capital (USA) Inc. SUMMARY The information in this “Summary” section is qualified by the more detailed information set forth in this Pricing Supplement,the accompanying Prospectus and the accompanying Prospectus Supplement, each filed with the SEC. See “AdditionalTerms of Your Notes” in this Pricing Supplement. If any Interest Payment Date (including the Maturity Date or any Issuer Call Payment Date) is not aBusiness Day, any payment due on such date will be made on the first following Business Day. Noadditional interest will accrue as a result of any such postponement. The Notes are redeemable at our option, in whole, but not in part, on any Issuer Call PaymentDate, upon notice by us to DTC through the trustee on or before the corresponding Issuer CallNotice Date, at an amount that will equal the Principal Amount of your Notes and any accrued andunpaid interest to the applicable Issuer Call Payment Date. If the Notes are called prior to theMaturity Date, the applicable Issuer Call Payment Date will be the final Interest Payment Date,meaning you will be entitled to receive only the Principal Amount of the Notes and any accruedand unpaid Interest Payment in respect of Interest Payment Dates occurring on or before theIssuer Call Payment Date. In this case, you will lose the opportunity to continue to be paid InterestPayments in respect of Interest Payment Dates that would have occurred after the Issuer CallPayment Date. In the event that a redemption (for any reason) would lead to a breach of our totalloss absorbing capacity requirements, such redemption will be subject to the prior approval of theSuperintendent of Fi