Bank of Nova Scotia 424B Filings

The Bank of Nova Scotia is offering $5,710,000 of senior, unsecured Autocallable Contingent Coupon Notes due July 5, 2029, linked to the common stock of Broadcom Inc. The notes pay a quarterly contingent coupon of $56.875 per $1,000 (22.75% per annum) only if Broadcom’s closing price on each observation date is at or above the Contingent Coupon Barrier Value of $276.00, equal to 70% of the Initial Value of $394.28.

The notes are automatically called, returning principal plus the relevant coupon, if on any Call Observation Date Broadcom’s closing value is at or above the Initial Value. If not called, the maturity payment depends on Broadcom’s Final Value on June 29, 2029: investors receive full principal if it is at or above the Barrier Value of $276.00, but if it is lower they lose 1% of principal for each 1% decline from the Initial Value, up to a 100% loss of principal. Coupons are not guaranteed and investors do not participate in any upside beyond coupons.

The notes are subject to the credit risk of The Bank of Nova Scotia, are not insured by CDIC or FDIC, and will not be listed on an exchange, so liquidity may be limited. The original issue price is 100% of principal, while the bank’s initial estimated value is $963.65 per $1,000, reflecting dealer compensation, hedging costs and the bank’s internal funding rate.

The Bank of Nova Scotia is issuing $1,524,000 of unsecured Autocallable Contingent Coupon Notes due July 5, 2029, linked to the common stock of Coinbase Global, Inc. Each Note has a $1,000 principal amount and an original issue price of 100% of principal.

The Notes pay a Contingent Coupon of $105.75 per Note (42.30% per annum) on scheduled observation dates only if Coinbase’s closing value is at or above the Contingent Coupon Barrier Value of $117.05, equal to 70% of the Initial Value of $167.21. The same level is the Barrier Value for principal protection tests. If on any Call Observation Date the closing value is at or above the Initial Value, the Notes are automatically called for $1,000 plus that period’s coupon, and no further payments are made.

If not called, at maturity investors receive $1,000 per Note only if the Final Value is at or above the Barrier Value; otherwise the payoff is $1,000 + ($1,000 × Reference Asset Return), resulting in a loss of 1% of principal for each 1% decline in Coinbase from the Initial Value, down to a possible 100% loss. The Notes do not provide dividends or voting rights in Coinbase, are not bail-inable or deposit-insured, and their initial estimated value is $967 per $1,000, below the issue price, reflecting internal funding and structuring costs. Liquidity is limited, with no exchange listing and market-making at the dealer’s discretion.

The Bank of Nova Scotia is offering senior unsecured structured notes, the Trigger Autocallable GEARS, linked to the Russell 2000® Index under its Senior Note Program, Series A. Each Security has a $10 principal amount, with a minimum investment of $1,000, and is scheduled to mature on or about July 31, 2031, unless automatically called.

The notes can be automatically called on the August 5, 2027 observation date if the index closing level is at or above the autocall barrier, set at 100% of the initial level. In that case, investors receive the call price, equal to principal plus a 12.00% call return, and no further payments. If not called, at maturity investors receive: geared upside of 1.35–1.60x any positive index return; return of principal if the final index level is at or above the 75% downside threshold; or a loss matching the index decline if the final level is below that threshold, up to a 100% loss of principal.

The Securities pay no interest, are not listed on an exchange, and any payment is subject to the creditworthiness of BNS. The initial estimated value is expected to be between $9.32 and $9.62 per $10 Security, below the public issue price, reflecting structuring, distribution and hedging costs. Extensive risk disclosures highlight market risk from the Russell 2000® Index, limited liquidity, potential conflicts from hedging, and complex U.S. and Canadian tax treatment.

The Bank of Nova Scotia is offering senior unsecured Market Linked Securities, auto-callable and linked to the lowest performing of CrowdStrike, Okta and Palo Alto Networks common stocks. Each security has a $1,000 face amount and pays no interest or dividends.

The notes may be automatically called around August 2027 if the lowest-performing stock is at or above 70% of its starting price, paying face amount plus a call premium of at least 47%. If not called, at August 2029 maturity investors receive: 300% of any price increase in the lowest-performing stock; or, if that stock is between 50% and 100% of its starting price, a positive “absolute value” return up to +50%; or, if it finishes below 50%, full downside exposure, with losses over 50% and potentially the entire principal.

The Bank’s estimated value is $901.15–$931.15 per $1,000 security, below the issue price, reflecting dealer spread and hedging profits. The notes are not listed, may have limited liquidity, and all payments are subject to the credit risk of The Bank of Nova Scotia.

The Bank of Nova Scotia is issuing $2,100,000 in unsecured Autocallable Barrier Review Notes linked to the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. The notes are senior, unsubordinated obligations and all payments depend on the Bank’s credit.

The notes may be automatically called on scheduled Observation Dates through July 2031 if each index is at or above its Initial Value, paying a Call Payment Amount based on a 12.15% per annum Call Return Rate. If never called and each index finishes at or above 60% of its Initial Value (its Barrier Value), investors receive the $1,000 principal per note; otherwise repayment is reduced 1% for each 1% decline in the worst-performing index, up to a total loss of principal. The initial estimated value is $980.24 per $1,000 note, the notes pay no periodic interest, are not CDIC or FDIC insured, and will not be listed, so liquidity may be limited.

The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the common stock of NVIDIA Corporation, maturing on or about February 3, 2028, under its Senior Note Program, Series A. The notes pay a contingent coupon of $8.584 per $1,000 (0.8584% monthly, up to approximately 10.30% per annum) on each monthly observation date only if NVIDIA’s closing price is at or above 55.00% of the initial price.

Starting in February 2027, the notes are automatically called if on a call observation date NVIDIA’s price is at or above the initial price, returning $1,000 plus that period’s contingent coupon. If not called and the final price on January 31, 2028 is at or above 55% of the initial price, investors receive $1,000 plus the final coupon; if it is below 55%, investors receive shares (or cash) worth less than 55% of principal, resulting in a substantial or total loss. The notes are unsecured, unsubordinated obligations of The Bank of Nova Scotia, not insured by CDIC or FDIC. The bank’s initial estimated value is expected to be $925–$955 per $1,000, below the issue price, reflecting commissions, structuring fees and hedging costs, and secondary market liquidity is not assured.

The Bank of Nova Scotia is offering three-year Contingent Income Auto-Callable Securities, senior unsecured notes linked to the iShares MSCI South Korea ETF. Each security has a $1,000 stated principal amount and matures on or about July 25, 2029, subject to possible early redemption.

Investors may receive a contingent semi-annual coupon of $116.75 per security (equivalent to 23.35% per annum) on each determination date when the ETF’s closing price is at least 60% of the initial share price, with a memory coupon feature that can pay previously missed coupons when the test is later met. If on any non-final determination date the ETF is at or above 100% of the initial price, the notes are automatically redeemed for principal plus the applicable coupon and any unpaid coupons.

Principal is at risk. If held to maturity and the final share price is at least 50% of the initial price, investors receive principal plus any due coupons. If the final share price is below 50%, repayment equals principal multiplied by the share performance factor, resulting in less than 50% of principal and potentially zero. The notes are not listed, have limited liquidity, and all payments are subject to BNS credit risk. The estimated value on the pricing date is expected between $914.36 and $944.36 per $1,000, below the issue price.

The Bank of Nova Scotia is issuing $8,052,000 of unsubordinated, unsecured Autocallable Contingent Coupon Notes with Memory Coupon, linked to Alphabet Inc. Class A common stock, under its Senior Note Program, Series A. Each Note has a $1,000 principal amount, an Original Issue Price of 100% and an initial estimated value of $978.27 per $1,000. The Notes trade date is July 16, 2026, settle on July 21, 2026 and mature on January 21, 2028, unless automatically called earlier.

Holders may receive a contingent coupon of $28.775 per Note (11.51% per annum) on scheduled observation dates if Alphabet’s closing value is at or above the Contingent Coupon Barrier Value of $230.40 (65% of the Initial Value of $354.46), with unpaid coupons carried forward (“memory”) if a later coupon becomes payable. The Notes are automatically called if on any Call Observation Date the closing value is at or above the Initial Value, paying principal plus the due and unpaid coupons, after which no further payments are made.

If the Notes are not called and Alphabet’s final value on January 18, 2028 is at or above the Barrier Value of $230.40, investors receive their $1,000 principal plus any due coupons. If the final value is below the Barrier Value, investors receive the Physical Delivery Amount of 2.8212 GOOGL shares (plus cash for any fractional share), exposing them 1:1 to further downside and potentially losing up to 100% of principal. The Notes are not listed, do not provide dividends or guaranteed interest, and all payments are subject to the Bank’s credit risk.

The Bank of Nova Scotia is offering Trigger Jump Securities, senior unsecured structured notes linked to the common stock of Microsoft Corporation, maturing on or about July 27, 2028 under its Senior Note Program, Series A.

Each security has a $1,000 stated principal amount, no coupon, and a fixed upside payment of $457.30 per security (45.73% of principal). At maturity, if Microsoft’s final share price is greater than or equal to the initial share price, investors receive $1,000 plus the fixed upside payment. If the final share price is below the initial share price but at or above the trigger level of 80.00% of the initial share price, investors receive $1,000. If the final share price is below the trigger level, the payoff is $1,000 plus $1,000 times the underlying return, leading to a 1-for-1 loss with the stock and a possible total loss of principal.

The securities will not be listed, provide no dividends or interest, and all payments are subject to the credit risk of BNS. The estimated value on the pricing date is expected to be between $938.66 and $968.86 per $1,000, below the issue price, reflecting selling, structuring and hedging costs and BNS’ internal funding rate.

The Bank of Nova Scotia is issuing $23,232,000 in Autocallable Contingent Coupon Notes with Memory Coupon, linked to NVIDIA Corporation common stock, under its Senior Note Program, Series A. Each Note has a $1,000 principal amount, priced at 100% of principal.

The Notes run from the July 16, 2026 trade date to a January 21, 2028 maturity, unless automatically called. Investors may receive a $39.20 contingent coupon per Note (15.68% per annum) on scheduled observation dates if NVIDIA’s closing value is at or above the $134.81 Contingent Coupon Barrier.

The Notes autocall if NVIDIA’s closing value on a Call Observation Date is at or above the $207.40 Initial Value, paying principal plus due and unpaid coupons. If not called and the Final Value is below the $134.81 Barrier, investors receive the Physical Delivery Amount of 4.8216 NVDA shares per Note (subject to rounding) and can lose up to 100% of principal. The Notes are unsecured, unsubordinated obligations of the Bank, not insured by CDIC or FDIC, not exchange‑listed, and their initial estimated value is $976.84 per $1,000. Underwriting commissions are 1.50%, with proceeds to the Bank of 98.50% of principal.

The Bank of Nova Scotia is issuing senior unsecured Market Linked Securities—Auto-Callable with Contingent Coupon under its Series A Senior Note Program, linked to the lowest performing of the iShares Expanded Tech-Software Sector ETF, the Russell 2000 Index and the S&P 500 Index, maturing on July 19, 2029.

Each security has a $1,000 face amount and pays a 10.00% per annum contingent coupon monthly only if the lowest performing underlying on the relevant calculation day is at or above its coupon threshold, set at 60% of its starting value. If on any monthly calculation day from January 2027 through June 2029 the lowest performing underlying is at or above its starting value, the notes are automatically called at par plus the final coupon.

If not called, at maturity investors receive $1,000 per security only if the lowest performing underlying’s final value is at or above its downside threshold (also 60% of starting value). Otherwise, repayment equals $1,000 multiplied by that underlying’s performance factor, exposing investors to losses of more than 40% and potentially all principal. Investors do not participate in any upside of the underlyings and forgo dividends. The notes are not listed, may have limited or no secondary market, and all payments are subject to the credit risk of The Bank of Nova Scotia. The Bank’s estimated value on the pricing date is $953.38 per $1,000 security, below the original offering price.

The Bank of Nova Scotia is offering $5,097,000 of unsecured Autocallable Contingent Coupon Notes with Memory Coupon due January 21, 2028, linked to the worst performer of Invesco QQQ Trust, Series 1 and SPDR S&P 500 ETF Trust. Each Note has a $1,000 principal amount and pays a contingent coupon of $25.625 per quarter (10.25% per annum) only if on an observation date both ETFs are at or above their respective Contingent Coupon Barrier Values, set at 75% of initial levels ($529.46 for QQQ, $563.04 for SPY). The notes auto-call if both ETFs are at or above their Initial Values on a Call Observation Date, returning principal plus due and unpaid coupons.

If not called and the Final Value of the worst ETF is at or above its Barrier Value, investors receive principal back plus any due coupons; otherwise they receive the Physical Delivery Amount of the least performing ETF (1.4166 QQQ shares or 1.3321 SPY shares per Note), exposing them to up to 100% loss of principal. The initial estimated value is $977.21 per $1,000, below issue price, and the notes are not insured, not bail-inable, and will not be listed on any exchange.

The Bank of Nova Scotia is offering Trigger Autocallable GEARS, senior unsecured notes linked to the EURO STOXX 50® Index, under its Senior Note Program. Each Security has a $10 principal amount, with a minimum investment of 100 Securities ($1,000), and a term to about July 31, 2031, unless called earlier.

The notes pay no interest. They are automatically called on August 5, 2027 if the index is at or above the autocall barrier, set at 100% of the initial level, returning principal plus an 18.00% call return (call price $11.80 per Security). If not called, at maturity investors receive principal plus any positive index return multiplied by upside gearing of 1.35–1.5545, full principal back if the index finishes at or above a downside threshold of 75% of the initial level, or a one-for-one loss with the index if it finishes below that threshold, up to total loss of principal.

The Securities are not listed, have limited liquidity, and their initial estimated value is expected between $9.26 and $9.56 per $10, below the public issue price. All payments depend on the creditworthiness of BNS; the notes are not FDIC or CDIC insured and are not bail-inable under the CDIC Act.

The Bank of Nova Scotia is offering $2,693,000 of senior unsecured Autocallable Barrier Review Notes linked to the least performing of the S&P 500 Index and EURO STOXX 50 Index. Each Note has a $1,000 principal amount and an Original Issue Price of 100%.

The Notes may auto-call on quarterly Observation Dates through July 16, 2031 if both indices are at or above 100% of their Initial Values, paying $1,115.20–$1,576.00 per Note, reflecting an 11.52% call return rate per term. If not called and each index ends at or above its 70% Barrier Value, holders receive principal back at maturity on July 21, 2031.

If the Notes are not called and any index finishes below its Barrier Value, repayment is reduced 1% for each 1% decline of the least performing index from its Initial Value, up to a 100% loss of principal. The Notes pay no coupons, are subject to the Bank’s credit risk, are not CDIC or FDIC insured, and will not be listed. The initial estimated value is $959.24 per $1,000, reflecting structuring, hedging costs and the Bank’s internal funding rate.

The Bank of Nova Scotia is offering Autocallable Contingent Buffered Return Enhanced Notes under its Senior Note Program, Series A. Each Note has a $1,000 principal amount, an Original Issue Price of 100% of principal, and a minimum investment of $1,000 in $1,000 increments.

The Notes are unsecured, unsubordinated debt of the Bank, bear no interest, are not bail-inable, and will not be listed on any exchange. Returns are linked to the least performing of Autodesk, Air Products and Chemicals, and Uber common stock. A single Review Date on October 26, 2026 triggers an automatic call, paying $1,124.50 per Note (12.45% Call Premium) if each stock is at least 80% of its Initial Value.

If not called, at maturity on July 29, 2031: if the least-performing stock ends above 80% of its Initial Value, payment equals principal plus 125.00% of gains above that level; if it finishes between 60% and 80%, only principal is repaid. Below 60%, losses are leveraged by a factor of about 1.6667, up to a 100% loss of principal. The Bank’s initial estimated value is $926.61–$956.61 per $1,000, below the issue price, and liquidity, valuation and tax risks are highlighted.

The Bank of Nova Scotia is offering senior unsecured Autocallable Contingent Buffered Return Enhanced Notes linked to the least performing of Edison International, United Parcel Service and Valero Energy common stock. Each Note has a $1,000 Principal Amount, is cash-settled, bears no interest and is subject to the Bank’s credit risk.

The Notes are expected to price on July 24, 2026, settle on July 29, 2026 and mature on July 29, 2031, unless automatically called. If on the October 26, 2026 Review Date each stock is at least 80.00% of its Initial Value, the Notes are called and pay $1,118.00 per Note (Principal plus an $118.00, 11.80% Call Premium). If not called and the worst stock finishes above 80.00% of its Initial Value, investors receive enhanced upside with a 125.00% Participation Rate above that threshold; if it finishes between 70.00% and 80.00%, only principal is repaid.

If the Final Value of the least performing stock is below its 70.00% Buffer Value, principal loss is leveraged: investors lose about 1.4286% of principal for each additional 1% decline beyond the 30.00% buffer, up to a total loss. The initial estimated value is expected between $926.90 and $956.90 per $1,000, reflecting funding, structuring and hedging costs. The Notes will not be listed, may have limited liquidity, provide no dividends or voting rights in the stocks, and involve complex Canadian and U.S. tax considerations.

The Bank of Nova Scotia is offering senior unsecured Market Linked Securities with an original offering price of $1,000 per security, linked to the lowest performing of the Russell 2000, S&P 500 and EURO STOXX 50 indices and scheduled to mature on August 1, 2030.

The notes pay a quarterly contingent coupon at a rate of at least 10.55% per annum only when the lowest index on each observation date is at or above 75% of its starting level; otherwise no coupon is paid. From January 2027 through April 2030, if on any quarterly calculation day the lowest index is at or above its starting level, the notes are automatically called for $1,000 plus the coupon.

If the notes are not called, investors receive $1,000 at maturity only if the lowest index on the final observation date is at or above 75% of its starting level; below that level, repayment falls in proportion to the decline, with losses greater than 25% and up to the full principal possible. The securities offer no upside participation, are not insured, depend on the Bank’s credit, may be illiquid, and have an estimated initial value of $925.79–$955.79 per $1,000, below the offering price due to selling costs and hedging profits.

The Bank of Nova Scotia is offering $32,625,000 of Autocallable Buffered Notes linked to the iShares® Expanded Tech-Software Sector ETF (IGV), maturing December 18, 2028. The notes pay no interest and are senior unsecured obligations of the Bank, not insured by CDIC or FDIC and not listed on any exchange.

The notes are automatically called if IGV’s closing price on December 14, 2027 is at least 85% of the $93.63 initial price, in which case investors receive $1,175.50 per $1,000 note (principal plus a 17.55% call premium. If not called, and the final price on December 14, 2028 is at least 85% of the initial price, the payoff is capped at the maximum payment amount of $1,351.00 per $1,000 note. If IGV falls more than 15%, principal loss is accelerated at about 1.1765% for each additional 1% decline, up to a total loss. The initial estimated value is $953.25 per $1,000, below the issue price, reflecting selling commissions, hedging costs and the Bank’s internal funding rate, and secondary-market liquidity may be limited.

The Bank of Nova Scotia is offering senior unsecured Autocallable Contingent Coupon Notes with Memory Coupon linked to the least-performing of Invesco QQQ Trust, Series 1 and SPDR S&P 500 ETF Trust. The notes run from a July 23, 2026 trade date to a January 27, 2028 maturity, unless called earlier.

Investors receive a contingent coupon of $25.025 per $1,000 note (10.01% per annum) on specified observation dates only if each ETF is at or above its contingent coupon barrier, set at 75% of its initial value. Missed coupons can be paid later if conditions are met, but no interest is guaranteed. At maturity, if not called and the least-performing ETF is below its 75% barrier, principal is reduced one-for-one with that decline, up to a 100% loss.

The notes are not CDIC or FDIC insured, will not be listed on an exchange, and all payments depend on the credit of The Bank of Nova Scotia. The initial estimated value is $946.80–$976.80 per $1,000 due to internal funding, structuring and hedging costs, versus a 100% original issue price.

The Bank of Nova Scotia is offering senior unsecured Market Linked Securities, Series A, linked to the lowest performing of the Russell 2000, S&P 500 and EURO STOXX 50, maturing on August 1, 2030. Each $1,000 note pays a contingent coupon only when the worst-performing index on a quarterly calculation day is at or above 75.00% of its starting level. The contingent coupon rate will be at least 10.55% per annum, paid quarterly if this condition is met.

From January 2027 through April 2030, the notes may be automatically called on quarterly dates if the lowest performing index is at or above its starting level, returning the $1,000 face amount plus that quarter’s coupon. If not called and, on the final calculation day, the lowest index closes below 75.00% of its starting level, the maturity payment equals $1,000 times its performance factor, so investors can lose more than 25% and up to all principal. Any index upside is retained by the issuer; investors do not participate in index gains or dividends.

The original offering price is $1,000 per note, with dealer discounts of up to $23.25 (2.325%) and issuer proceeds of $976.75 per note. If priced on July 16, 2026, the Bank’s estimated value would be $925.79–$955.79 per note. All payments are subject to Bank of Nova Scotia’s credit; the notes are not insured, are expected to have limited liquidity, and are designed to be held to maturity.

The Bank of Nova Scotia is offering market-linked, auto-callable senior notes linked to the S&P 500 Index, maturing on July 19, 2028. Each note has a $1,000 face amount and pays no interest or dividends.

The notes are automatically called if the Index closing level on any call date is at or above the starting level of 7,572.40, paying $1,000 plus a fixed call premium from 4.25% on January 19, 2027 up to 17.00% on July 17, 2028. If not called and the Index on the final calculation day is below the starting level but at or above the threshold level of 6,057.92 (80% of the starting level), investors receive only the $1,000 face amount.

If the ending level is below the threshold, repayment is reduced 1-for-1 with the Index decline, so investors lose more than 20% and potentially all principal. The total offering is $5,519,000, with issuer proceeds of $5,421,037.75. The Bank’s estimated value is $975.74 (97.574%) per note, reflecting selling costs and hedging. The notes are unsecured obligations of the Bank, not insured or bail-inable, and may have limited secondary liquidity.

The Bank of Nova Scotia is offering Autocallable Contingent Buffered Return Enhanced Notes, unsubordinated and unsecured debt linked to the least performing of the common stock of The Cigna Group, Howmet Aerospace and Valero Energy. Each Note has a $1,000 principal amount and is scheduled to mature on July 29, 2031.

If, on the October 26, 2026 review date, each stock’s closing value is at least 80% of its initial value, the Notes are automatically called and, on October 29, 2026, holders receive principal plus a $130 (13%) call premium. If not called and the worst-performing stock finishes above 80% of its initial value, holders receive enhanced upside with a 125.00% participation rate above that level; between 70% and 80%, only principal is repaid.

Below 70% of its initial value, losses are amplified by a downside leverage factor of about 1.4286, with up to 100% principal loss possible. The initial estimated value is $925.97–$955.97 per $1,000, below issue price. The Notes pay no interest, are not insured or listed, and all payments depend on the creditworthiness of the Bank.

The Bank of Nova Scotia is offering senior unsecured Capped Buffered Return Enhanced Notes linked to an equally weighted basket of nine publicly traded equities. Each note has a $1,000 Principal Amount, is issued at 100% of principal, pays no interest and makes a single cash payment at maturity on July 27, 2028, subject to the Bank’s credit. The trade date is July 23, 2026 and settlement is July 28, 2026, with a minimum investment of $1,000 in $1,000 increments.

At maturity, if the Basket has risen, investors receive $1,000 plus 125.00% of the Basket Return, capped by a Maximum Return of 46.25%, for a maximum payment of $1,462.50 per note. If the Final Basket Value is between 90.00% and 100.00% of the Initial Basket Value, principal is returned. Below the 90.00% Buffer Value, principal is reduced 1% for each 1% additional decline, up to a 90.00% loss.

The initial estimated value is $926.42–$956.42 per $1,000, below the issue price, reflecting the Bank’s internal funding rate, hedging costs and a 1.75% underwriting discount, leaving 98.25% of principal as proceeds to the Bank. The notes will not be listed, may have limited or no secondary market, are not insured or bail-inable, and expose investors to equity market volatility, basket correlation, tax uncertainty and conflicts of interest with the Bank and its affiliates.

The Bank of Nova Scotia is offering Autocallable Contingent Barrier Return Enhanced Notes due July 26, 2029, linked to the least performing of Amazon.com, Broadcom and Lockheed Martin common shares. Each Note has $1,000 principal, bears no interest, and is an unsubordinated, unsecured obligation of the bank.

On July 27, 2027 the Notes are automatically called if each stock is at least 90.00% of its initial level, paying principal plus a call premium of at least $750.00 (75.00%). If not called, maturity payoffs range from 300.00% upside participation on the worst stock when above its initial level, to full principal return when the worst stock stays at or above 60.00% of its initial level, and one-for-one downside below that, with losses up to 100.00%.

The initial estimated value is $879.70–$909.70 per $1,000 Note, below the 100.00% issue price, reflecting underwriting discounts of up to 2.25%, hedging costs and the bank’s internal funding rate. The Notes will not be listed, may have limited or no secondary market, and all payments depend on the issuer’s creditworthiness.

The Bank of Nova Scotia is offering $1,140,000 of Autocallable Contingent Barrier Return Enhanced Notes linked to the Russell 2000 Index under its Senior Note Program, Series A. Each Note has a $1,000 principal amount and is unsecured, unsubordinated debt of the bank.

If on the July 21, 2027 Review Date the index closing value is at least its Initial Value of 2,976.259, the Notes are automatically called and pay $1,138.50 per Note (a 13.85% call premium), with no further payments. If not called, at maturity on July 18, 2031 holders receive: enhanced upside of 125.00% of any positive index return; return of principal if the index is between 75% and 100% of the Initial Value; or a 1-for-1 loss with the index below the 2,232.194 barrier, up to total loss of principal.

The Notes pay no interest or dividends, are not insured by CDIC or FDIC, and will not be listed on an exchange. The initial estimated value is $966.62 per $1,000, below the issue price, reflecting internal funding and hedging costs. Liquidity depends on Scotia Capital (USA) Inc. making a market, which it is not obligated to do, and all payments depend on Bank of Nova Scotia’s credit.

The Bank of Nova Scotia is offering Autocallable Contingent Buffered Return Enhanced Notes with a principal amount of $1,000 per note, linked to the least-performing of Autodesk, Air Products and Uber common stocks. The notes may be automatically called, with payment on October 29, 2026, for $1,124.50 per note if, on the October 26, 2026 review date, each stock is at least 80% of its initial level.

If not called, at July 29, 2031 maturity investors earn 200% of any gain in the weakest stock; between 60–100% of its initial level they receive only principal; below 60% they lose about 1.6667% of principal per 1% drop beyond the 40% buffer, up to total loss. The notes pay no interest, are unsecured and uninsured, are not listed, and have an initial estimated value of $926.19–$956.19 per $1,000, below the issue price.

The Bank of Nova Scotia is offering Dual Directional Buffered PLUS, senior unsecured notes linked to the S&P 500® Index, with a stated principal amount of $1,000 per security and no coupons. The notes are scheduled to price on July 31, 2026 and mature on August 3, 2028.

At maturity, holders receive leveraged upside of 150.00% of index gains, capped at a maximum upside gain of 19.41%, for a maximum payment of $1,194.10 per note. If the index falls by up to the 10.00% buffer, investors earn an unleveraged positive return equal to the absolute decline. Losses beyond the buffer lead to 1:1 downside exposure, with a minimum payment of $100.00, so up to 90.00% of principal is at risk.

The notes will not be listed, pay no dividends or interest, and all payments depend on BNS’s credit. The estimated value on the pricing date is expected between $932.35 and $962.35 per $1,000 issue price, reflecting structuring and distribution costs and the use of BNS’s internal funding rate.

The Bank of Nova Scotia is offering $12,495,650 of Trigger Autocallable GEARS, senior unsecured notes linked to the Nikkei 225 Index, due July 17, 2031. Each Security costs $10 and pays no interest, with a minimum investment of $1,000.

The notes may be automatically called on July 22, 2027 if the index closes at or above the initial level of 68,751.51, paying a call price of $12 per Security (20% return). If not called, maturity payoff depends on index performance: gains are multiplied by an upside gearing of 1.85, principal is repaid if the final level is at least the downside threshold of 51,563.63 (75% of initial), and losses below that level reduce principal 1:1, potentially to zero. All payments depend on BNS’s credit; the notes are not insured or bail-inable, have limited liquidity, and their initial estimated value is $9.607 per $10, below the issue price.

The Bank of Nova Scotia is offering unsubordinated, unsecured Autocallable Barrier Review Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Equal Weight Index, maturing on August 4, 2031. Each Note has a $1,000 Principal Amount and an Original Issue Price of 100% of principal, with underwriting commissions of 2.00% and issuer proceeds of 98.00%.

The Notes automatically call if on any Observation Date each index is at least 95% of its Initial Value, paying a fixed Call Payment Amount based on a 9.50% per term Call Return Rate, increasing from $1,095.00 to $1,475.00 per $1,000. If not called, and each Final Value is at or above 75% of its Initial Value, investors receive principal back; if any index finishes below its 75% Barrier Value, repayment is reduced one-for-one with the negative return of the Least Performing Reference Asset, up to a 100% loss of principal. The Notes pay no coupons, are not CDIC or FDIC insured, are not bail-inable, will not be listed, and all payments depend on the creditworthiness of the Bank. The initial estimated value is expected between $934.71 and $964.71 per $1,000.

The Bank of Nova Scotia is offering senior unsecured Trigger Autocallable Notes linked to the EURO STOXX 50® Index, with a principal amount of $10 per Note and a term of approximately two years to July 20, 2028. The notes may be automatically called quarterly after 12 months if the index closing level is at or above its initial level, in which case investors receive the principal plus a call return based on a rate between 11.00% and 11.10% per annum and no further payments.

If the notes are not called and the index level on the final valuation date is at or above the downside threshold of 75% of the initial level, investors receive only the principal back; if it is below this level, repayment is reduced in proportion to the index decline, up to a total loss of principal. All payments depend on BNS’s credit, the notes are not insured or bail-inable and will not be listed, so liquidity may be limited. The issue price is $10.00, including a $0.175 per-note underwriting discount, versus an initial estimated value of $9.46–$9.76, reflecting selling, structuring and hedging costs.

The Bank of Nova Scotia is offering Auto-Callable Trigger PLUS senior unsecured notes linked to the Russell 2000® Index, issued under its Senior Note Program, Series A. Each security has a $1,000 stated principal amount and an issue price of $1,000.

The notes pay no interest or dividends and are automatically redeemed if, on the determination date before maturity, the index closing value is at or above the initial index value, for an early redemption payment of $1,135.30 per security. If not called, at maturity investors receive: leveraged upside (125.00% of index gains) above the initial index value; return of principal if the index ends between the initial value and the 80.00% trigger level; or a loss matching the full negative index return below the trigger, up to a total loss of principal.

The notes mature on or about August 3, 2028, are not listed on any exchange, and have limited expected liquidity. Estimated value on the pricing date is $939.83–$969.83 per $1,000, reflecting selling, structuring and hedging costs. All payments are subject to the credit risk of BNS and the securities are not insured or bail-inable.

The Bank of Nova Scotia is issuing $555,000 in Autocallable Contingent Coupon Notes due July 5, 2029, linked to Apollo Global Management, Inc. common stock. Each $1,000 note pays a quarterly contingent coupon of $45 (18.00% per annum) only when Apollo’s closing price on an observation date is at or above the barrier.

The notes are automatically called at par plus coupon if Apollo’s price on any call date is at or above the Initial Value of $121.83. If not called, principal is repaid at maturity only if the final price is at or above the Barrier Value and Contingent Coupon Barrier Value of $91.37 (75.00% of initial). Otherwise, repayment is reduced 1% for each 1% decline in Apollo from the initial level, up to a total loss of principal.

The notes are unsubordinated, unsecured obligations of The Bank of Nova Scotia, not insured by CDIC or FDIC, and will not be listed on an exchange. The initial estimated value is $974.28 per $1,000, below the issue price, reflecting dealer compensation, internal funding and hedging costs, and potential conflicts of interest.

The Bank of Nova Scotia is issuing $5,526,000 of Autocallable Contingent Coupon Notes due July 5, 2029, linked to the American depositary receipts of Alibaba Group Holding Limited. These senior unsecured notes are subject to the credit risk of the Bank and are not insured by CDIC or FDIC.

The notes pay a quarterly contingent coupon of $46.25 per $1,000 (18.50% per annum) only if on each observation date the Alibaba ADR closing value is at or above the Contingent Coupon Barrier Value of $82.38, equal to 70.00% of the Initial Value of $117.69. If on any call observation date the ADR closes at or above the Initial Value, the notes are automatically called for $1,000 plus the coupon, and no further payments occur.

If the notes are not called, payment at maturity depends on the Final Value. If it is at or above the Barrier Value of $82.38, investors receive principal back (plus any due coupon). If it is below the Barrier Value, repayment is reduced one-for-one with the negative Reference Asset Return, leading to a potential 100% loss of principal. The notes are not listed, may have little or no secondary market, and the initial estimated value is $971.48 per $1,000, below the 100% issue price due to funding and structuring costs.

The Bank of Nova Scotia is offering Contingent Income Auto-Callable Securities, senior unsecured notes linked to the common stock of Robinhood Markets, Inc. Each security has a $1,000 stated principal amount, an issue price of $1,000, a pricing date of July 24, 2026 and a scheduled maturity on July 27, 2029, subject to early redemption.

Investors may receive a contingent quarterly coupon of $58.10 per security (equivalent to 23.24% per annum) for any determination date on which Robinhood’s closing price is at least 50.00% of the initial share price (the downside threshold); missed coupons can be paid later under a memory feature. If on any non-final determination date the closing price is at least 100.00% of the initial share price (the call threshold), the notes are automatically redeemed for principal plus the applicable coupon and any unpaid coupons.

If the notes are not called and the final share price is below the downside threshold, the payment at maturity equals the $1,000 principal multiplied by the share performance factor, so the amount will be less than 50.00% of principal and could be zero. Investors do not participate in any upside of the stock beyond coupons and face full principal-at-risk exposure, as well as the senior unsecured credit risk of BNS. The securities will not be listed, estimated initial value is $932.35–$962.35 per $1,000, and selling concessions and structuring fees total $22.50 per security.

The Bank of Nova Scotia plans to issue unsecured, unsubordinated Autocallable Contingent Coupon Notes with Memory Coupon due July 20, 2028, in $1,000 denominations, linked to the common stock of Broadcom Inc. The notes are issued at 100% of principal, with underwriting discounts up to 1.75% and at least 98.25% of proceeds to the bank. The initial estimated value is $936.32–$966.32 per $1,000.

Investors may receive contingent coupons of at least $35.375 per note (at least 14.15% per annum) on specified observation dates only if Broadcom’s closing value is at or above a Contingent Coupon Barrier Value set at 50% of the initial value; missed coupons can accrue as “memory” coupons but are forfeited if the final value is below the barrier. The notes are automatically called if Broadcom’s value on a call observation date is at or above the initial value, returning principal plus due coupons.

If not called and Broadcom’s final value is at or above the 50% Barrier Value, investors receive principal back plus any due coupons; if below the barrier, they receive a “Physical Delivery Amount” of Broadcom shares equal to $1,000 divided by the initial value, creating one-for-one downside and potential 100% principal loss. The notes are not listed, provide no dividends or voting rights, and all payments depend on the credit of The Bank of Nova Scotia.

The Bank of Nova Scotia is offering Performance Leveraged Upside Securities (PLUS) under its Senior Note Program, Series A. Each note has a $1,000.00 stated principal amount, matures on August 11, 2027, and is linked to an equally weighted basket of ten U.S. and international equity names.

The PLUS pay no coupons and provide 150% leveraged upside on any positive basket return, capped at a maximum payment of $1,512.40 per PLUS (a 51.24% gain). If the basket declines, investors lose 1% of principal for each 1% drop, with no downside protection and potential loss of all invested principal.

BNS expects the initial estimated economic value to range between $926.56 and $956.56 per $1,000 stated principal amount, below the issue price, reflecting selling, structuring and hedging costs. Distribution includes $15.00 in fees per note, leaving issuer proceeds of $985.00. All payments are unsecured and subject to BNS credit, with no CDIC or FDIC insurance and limited expected liquidity.

The Bank of Nova Scotia is offering Contingent Income Auto-Callable Securities under its Senior Note Program, Series A, linked to the common stock of Talen Energy Corporation. Each security has a $1,000 stated principal amount, matures on or about July 27, 2029, and pays a contingent quarterly coupon of $46.80 per security (equivalent to 18.72% per annum) only when the Talen share price on a determination date is at least 50.00% of the initial share price, the downside threshold, with missed coupons potentially paid later under a memory feature.

If on any non-final determination date the share price is at least 100.00% of the initial share price, the call threshold, the notes auto-call for $1,000 plus due and unpaid coupons, and no further payments are made. If held to maturity and the final share price is at or above the downside threshold, investors receive principal plus any due contingent coupons; if it is below, repayment equals $1,000 × (final/initial share price), less than 50% of principal and possibly zero. Investors do not participate in stock appreciation, forgo dividends, face full principal-at-risk and BNS credit risk, and the securities will not be listed. The estimated value on the pricing date is expected between $930.05 and $960.05 per $1,000, reflecting built-in selling commissions and structuring costs of $22.50 per security.

The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes with Memory Coupon due July 20, 2028, senior unsecured debt linked to International Paper Company common stock. Each Note has a $1,000 principal amount and an Original Issue Price of 100%.

Quarterly, the Notes pay a contingent coupon of at least $30.50 per Note (at least 12.20% per annum) only if International Paper’s closing value is at or above a Contingent Coupon Barrier Value equal to 50% of the Initial Value. Missed coupons accrue as “Unpaid Contingent Coupons” but are paid only on later dates when a coupon becomes due; all accrued coupons are lost if the Final Value is below the barrier. The Notes are automatically called on any observation date when the stock closes at or above the Initial Value, returning principal plus the current and any unpaid coupons.

If not called and the Final Value is at or above the 50% Barrier Value, investors receive $1,000 per Note plus any coupon due. If the Final Value is below the barrier, they receive the Physical Delivery Amount of International Paper shares (Principal Amount divided by Initial Value) and may lose up to 100% of principal. The Notes are not listed, are not insured by CDIC or FDIC, and all payments depend on the Bank’s credit. The initial estimated value is $933.57–$963.57 per $1,000, below the issue price, reflecting structuring and hedging costs and an underwriting discount of up to 1.75%.

The Bank of Nova Scotia is offering Contingent Income Auto-Callable Securities, senior unsecured notes with a stated principal amount of $1,000 per security, linked to the common stock of KKR & Co. Inc. These principal-at-risk securities mature on July 27, 2029.

The notes pay a contingent quarterly coupon of $26.275 per $1,000 security (10.51% per annum) only when KKR’s closing price on a determination date is at or above 50.00% of the initial share price; missed coupons may be paid later under a memory feature. If KKR is at or above 100.00% of the initial price on a non-final determination date, the notes are automatically redeemed at par plus applicable coupons.

If not called and the final share price is below the 50.00% downside threshold, repayment of principal is reduced 1-to-1 with KKR’s decline and can be zero. The securities are not insured, are not listed, have limited secondary liquidity, and their initial estimated value of $938.13–$968.13 per $1,000 is below the issue price.

The Bank of Nova Scotia is offering $2,419,000 of Autocallable Contingent Coupon Notes due July 19, 2029, linked to the least performing of the Russell 2000 and EURO STOXX 50 indices. The notes are senior, unsecured obligations and all payments depend on the Bank’s credit.

Investors receive a $22.25 contingent coupon per $1,000 note (8.90% per annum) on scheduled dates only if each index is at or above 70% of its initial level (the barrier). If on a call observation date both indices are at or above their initial levels, the notes are automatically redeemed at par plus that coupon.

If not called, principal repayment at maturity depends solely on the worst-performing index. If its final level is at or above 70% of its initial value, principal is returned (plus any due coupon); otherwise, losses match the index decline, up to a 100% loss of principal. The initial estimated value is $959.67 per $1,000, below the issue price, and the notes will not be listed, so secondary-market liquidity may be limited.

The Bank of Nova Scotia is issuing $1,914,000 of Autocallable Contingent Coupon Notes due July 19, 2029, linked to the Russell 2000 Index and the S&P 500 Index. The notes pay quarterly contingent coupons of 8.00% per annum ($20 per $1,000) only if on each observation date both indices are at or above 70% of their initial levels.

The notes are automatically called, returning principal plus coupon, if on a call observation date both indices are at or above their initial values. If not called and, at maturity, the least performing index is at or above 70% of its initial level, investors receive principal back; otherwise, they lose 1% of principal for each 1% decline in that index, up to a 100% loss.

The notes are unsecured, unsubordinated obligations of The Bank of Nova Scotia, not insured by CDIC or FDIC and not listed on any exchange. The bank’s initial estimated value is $965.55 per $1,000, below the issue price, and secondary-market liquidity and pricing are expected to be limited and dealer-driven.

The Bank of Nova Scotia is offering $999,000 of senior unsecured, auto‑callable equity‑linked notes maturing July 17, 2030, at $1,000 per security, paying fixed quarterly coupons at 5.85% per annum.

The notes are linked to the lowest performing of the Dow Jones Industrial Average and the S&P 500 Index. From July 2027 to April 2030, if the lowest Index on a call date is at least 105% of its starting level (52,508.27 for the Dow; 7,543.59 for the S&P 500), the notes are automatically called at face value plus the final coupon. If not called, principal is repaid at maturity only if the lowest Index on the final calculation day is at or above 75% of its starting level; below that, repayment falls linearly with Index performance and can reach zero. Investors do not participate in any Index upside and receive no dividends.

The Bank’s estimated value is $956.27 (95.627%) per security, below the $1,000 offering price, reflecting selling commissions, dealer discounts and hedging costs, which may depress secondary-market prices. The notes are senior unsecured obligations of The Bank of Nova Scotia, are not insured by CDIC or FDIC, and may have limited or no secondary liquidity.

The Bank of Nova Scotia is offering $8,309,000 of senior Autocallable Coupon Notes due July 19, 2028 linked to the common stock of Microsoft and NVIDIA. The notes pay a fixed Coupon of $30.025 per $1,000 note (12.01% per annum) on each Coupon Payment Date unless previously called.

The notes are automatically called, returning principal plus the Coupon, if on any Call Observation Date both stocks close at or above their Initial Values. If not called and the Least Performing Reference Asset finishes at or above 55.00% of its Initial Value, holders receive principal back in cash plus the final Coupon. If the Least Performing Reference Asset closes below this Barrier Value, holders receive its Physical Delivery Amount in shares and may lose up to 100% of principal.

The securities are unsecured, unsubordinated obligations of the bank, are not bail-inable, and will not be listed on any exchange. The initial estimated value is $967.73 per $1,000 note, below the 100% issue price, reflecting a 1.75% underwriting commission and the bank’s internal funding rate.

The Bank of Nova Scotia is issuing $4,400,000 of Trigger Autocallable Contingent Yield Notes, Series A, at $10 per note. These approximately three-year, senior unsecured notes are linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50 indices and pay a 9.30% per annum contingent coupon (about $0.2325 per quarter) only when all three indices close at or above their coupon barriers.

The notes auto-call if on any observation date before maturity all indices are at or above their initial levels, returning principal plus the applicable contingent coupon. If never called and, on the final valuation date, all indices are at or above their downside thresholds (70% of initial), investors receive full principal at maturity. If any index finishes below its downside threshold, repayment is reduced in line with the percentage loss of the worst index, up to a 100% loss of principal. The notes are unsecured obligations of BNS, not CDIC or FDIC insured, not bail-inable, not exchange-listed, and had an initial estimated value of $9.61 per $10 note, below the issue price.

The Bank of Nova Scotia is offering senior unsecured Autocallable Contingent Coupon Trigger Notes linked to Alphabet Inc. Class C stock under its Series A Senior Note Program. The notes are denominated in $1,000 units, expected to price on July 27, 2026 and mature on September 1, 2027, unless automatically called.

Holders receive a $8.292 contingent coupon per $1,000 (0.8292% monthly, up to about 9.95% per year) only when Alphabet’s closing price on an observation date is at least 69.00% of the initial price. From January to July 2027, if Alphabet’s price on a call observation date is at or above the initial price, the notes are automatically redeemed at $1,000 plus that coupon.

If not called, and the final price is at least 69.00% of the initial price, investors receive $1,000 plus the final coupon. If the final price is below 69.00%, investors receive a share delivery amount equal to $1,000 divided by the initial price, whose value on the final valuation date will be under 69% of principal, resulting in substantial or total loss. The initial estimated value is $925–$955 per $1,000, below issue price, reflecting internal funding and selling costs. The notes are not CDIC or FDIC insured, will not be listed, and all payments depend on the creditworthiness of The Bank of Nova Scotia.

The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the common stock of NVIDIA Corporation. The notes have a $1,000 principal amount and are issued at 100% of principal, maturing on an expected date of September 1, 2027, unless automatically called.

Investors may receive a monthly contingent coupon of $9.959 per $1,000 (0.9959% monthly, about 11.95% per year) if NVIDIA’s closing price on each observation date is at least 61.00% of the initial price. From January through July 2027, the notes are automatically called if NVIDIA closes at or above the initial price, paying $1,000 plus that month’s coupon and ending further payments. If the notes are not called and the final price is at least 61.00% of the initial price, investors receive $1,000 plus the final coupon at maturity. If the final price is below 61.00%, holders receive a share delivery amount of NVIDIA stock worth less than 61.00% of principal and no coupon, creating potential loss of all or a substantial portion of their investment. The notes are senior unsecured obligations of The Bank of Nova Scotia, not insured by CDIC or FDIC, and have an initial estimated value of $925–$955 per $1,000, below the issue price due to commissions, structuring fees and hedging costs.

The Bank of Nova Scotia is offering Series A senior unsecured market-linked securities, each with a $1,000 face amount, linked to the lowest performing of the iShares Expanded Tech-Software Sector ETF, the S&P 500 Index and the State Street Consumer Discretionary Select Sector SPDR ETF, maturing on July 27, 2029. The notes pay quarterly contingent coupons at a rate set on pricing, but at least 10.80% per annum, only when the lowest performing underlying on each calculation day is at or above 65% of its starting value.

From January 2027 through April 2029, the notes are automatically called if on a quarterly calculation day the lowest underlying is at or above its starting value, returning the face amount plus a final coupon. If not called, principal is fully returned at maturity only if the lowest underlying on the final calculation day is at or above its 65% downside threshold; otherwise investors lose more than 35% and up to all principal. The original offering price is $1,000 per security, including an agent discount of $23.25, with issuer proceeds of $976.75. The Bank’s estimated value is $914.24–$944.24 per security. All payments are subject to Bank of Nova Scotia credit risk, with no CDIC or FDIC insurance, limited expected liquidity and complex Canadian and U.S. tax considerations.

The Bank of Nova Scotia is offering unsecured, unsubordinated Autocallable Contingent Coupon Trigger Notes linked to the Class A common stock of Meta Platforms, Inc., issued under its Senior Note Program, Series A, in $1,000 denominations and maturing on September 1, 2027 unless called earlier.

Investors may receive a $9.542 monthly contingent coupon per $1,000 (0.9542% monthly, about 11.45% per annum) only when Meta’s closing price on an observation date is at least 59.00% of the initial price. From January through July 2027, the notes are automatically called if Meta closes at or above the initial price on a call observation date, paying $1,000 plus the applicable coupon.

If the notes are not called and Meta’s final price is at least 59.00% of the initial price, holders receive $1,000 plus the final coupon. If the final price is below 59.00%, investors receive a share delivery amount of Meta stock (or cash equivalent) worth less than 59% of principal and no coupon, implying a substantial or total loss. The notes are not CDIC or FDIC insured, will not be listed, have an initial estimated value of $925–$955 per $1,000, and all payments depend on Bank of Nova Scotia’s creditworthiness.

The Bank of Nova Scotia is offering unsubordinated, unsecured Autocallable Barrier Review Notes linked to the least performing of the Russell 2000 Index and S&P 500 Index, maturing July 29, 2030, under its Senior Note Program. Each note has $1,000 principal with an original issue price of 100%.

On each annual observation date, if both indices close at or above their initial values, the notes are automatically called for a fixed cash payment based on an 11.30% per-term Call Return Rate; scheduled call payments per $1,000 are $1,113 in 2027, $1,226 in 2028, $1,339 in 2029, and $1,452 on the 2030 maturity date.

If the notes are not called and each final index level is at least 70.00% of its initial value, holders receive $1,000 principal; otherwise repayment is $1,000 plus $1,000 times the return of the worst-performing index, allowing up to 100% loss of principal. The notes pay no periodic interest, are not CDIC or FDIC insured, will not be listed, and all payments depend on the bank’s credit. Initial estimated value is between $927.06 and $957.06 per $1,000, below the issue price due to selling, structuring and hedging costs.