Bank of Nova Scotia 424B Filings

The Bank of Nova Scotia priced a preliminary offering of senior, equity-linked notes — market-linked, auto-callable securities with a contingent monthly coupon and downside principal risk linked to the lowest performing of Amazon, Broadcom, Alphabet (Class A) and NVIDIA.

Key terms: face amount $1,000 per security, pricing date February 25, 2026, issue date March 2, 2026, stated maturity March 1, 2029. The contingent coupon rate will be set on the pricing date and will be at least 17.20% per annum. Automatic call is possible on monthly calculation days from May 2026 through January 2029. The Bank's estimated value at pricing is between $915.56 and $945.56 per security and the original offering price is $1,000 per security.

The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes linked to the common stock of Arista Networks, Inc. The notes are senior, unsubordinated and unsecured obligations of the Bank and pay cash based on the Reference Asset’s closing values.

The notes are expected to price on February 26, 2026, settle on March 3, 2026, and have an approximately three-year term to a maturity date of March 1, 2029, unless automatically called earlier. The notes feature periodic contingent coupon observation/payment dates, an automatic call if the Reference Asset closes at or above its Initial Value on a Call Observation Date, a 50.00% barrier and contingent coupon barrier, and principal protection only if the Final Value is at or above the Barrier Value; otherwise principal is exposed to the Reference Asset return.

The Bank of Nova Scotia (BNS) is offering Enhanced Trigger Jump Securities with an auto-callable feature due on or about March 3, 2032. Each note has a $1,000.00 stated principal amount, a pricing date of February 27, 2026 and an original issue date of March 4, 2026.

The securities reference the worst performing of XBI, XLE and XLK. They auto-redeem early if the closing price of all three underlying shares on a determination date is at least 90% of their initial share prices, delivering early redemption payments corresponding to approximately 15.15% per annum. At maturity, if all final share prices are at least 90% of initial prices, the payment per security is $1,909.00; otherwise payment equals $1,000.00 plus the underlying return of the worst performing share, exposing investors 1:1 to downside risk and possible loss of the entire investment. All payments are subject to the credit risk of BNS. BNS’ estimated value range at pricing was $892.86 to $922.86, and distributors receive $35.00 in fees per $1,000 security.

The Bank of Nova Scotia is offering Capped Barrier Return Enhanced Notes linked to the State Street SPDR S&P Biotech ETF (XBI) with a roughly two-year term. The notes pay at maturity and are unsecured senior obligations of the Bank. Investors receive 200.00% participation in any positive Reference Asset return, capped at a Maximum Return (stated as at least 44.00% and to be set on the Trade Date). If the Final Value is at or above the Barrier Value (equal to 85.00% of the Initial Value), principal is returned; if Final Value is below the Barrier Value, holders suffer proportional losses up to 100.00% of principal. The Trade Date is expected to be February 27, 2026, Original Issue Date March 4, 2026, Final Valuation Date February 28, 2028, and Maturity Date March 2, 2028. The Bank estimates an initial value range of $929.83 to $959.83 per $1,000 Principal Amount and will sell the notes at 100% of principal with underwriting discounts up to 2.25%. All payments are subject to the Bank’s credit risk and the notes will not be listed.

The Bank of Nova Scotia is offering digital notes linked to the shares of the iShares® Expanded Tech‑Software Sector ETF (IGV). Each note has a $1,000 principal amount and a term expected to be approximately 13 to 15 months. The notes pay no interest and have a threshold price equal to 80.00% of the initial price. If the final price is at or above that threshold, holders receive a capped payment (the maximum payment amount is expected to be between $1,107.10 and $1,125.60 per $1,000). If the final price is below the threshold, losses are amplified: the buffer rate is 125.00%, so holders lose 1.25% of principal for each 1% decline below the 80.00% threshold, potentially losing up to 100% of principal. The initial estimated value range is $947.24 to $977.24 per $1,000 and the original issue price is 100%, with underwriting commissions of 0.81% (or $8.10 per $1,000). Any payment depends on the Bank’s creditworthiness; the notes are unsecured and not insured.

The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes linked to the common stock of Advanced Micro Devices, Inc. Each Note has a Principal Amount of $1,000, an Original Issue Price of 100%, a term of approximately three years (Trade Date February 26, 2026; Original Issue Date March 3, 2026), and is payable in cash.

The Notes are automatically called if the Reference Asset Closing Value on any Call Observation Date is equal to or greater than the Initial Value. Contingent Coupons of at least $42.00 per Note (equal to at least 16.80% per annum) may be paid on specified Contingent Coupon Payment Dates only if the Closing Value on the corresponding Observation Date is at or above the Contingent Coupon Barrier Value. The Barrier Value and Contingent Coupon Barrier Value are 50.00% of the Initial Value. If not called and the Final Value is below the Barrier Value, repayment at maturity will reflect the Reference Asset Return, and investors may lose up to 100% of principal. The Bank bears all credit risk on payments.

The Bank of Nova Scotia is offering Digital Notes linked to the S&P 500® Index with a term expected to be approximately 23 to 26 months (valuation date ≈ 23–26 months after the trade date). Each note has a $1,000 principal amount and an original issue price of 100%. At maturity holders may receive the threshold settlement amount of $1,080.00 per $1,000 if the final level is equal to or greater than the initial level. A buffer level (to be set on the trade date and expected to be between 66.00% and 71.00%) governs losses and upside participation: declines down to the buffer convert to a positive absolute-return payout, while declines below the buffer expose holders to amplified losses (buffer rate expected between approximately 140.85% and 151.52%). The initial estimated value range is expected to be between $936.34 and $966.34 per $1,000, and any payment at maturity is subject to the Bank’s creditworthiness. The offering is subject to completion and the final pricing terms (including trade date, initial level, buffer level and aggregate amount) will be set on the trade date.

The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes linked to the common stock of Tesla, Inc. with an aggregate principal amount of $1,119,000 and a per-note Principal Amount of $1,000. The Original Issue Price is 100.00% and the Bank's initial estimated value was $967.06 per $1,000 Principal Amount.

The Notes trade on February 18, 2026, settle on February 23, 2026, and mature on February 23, 2029, unless automatically called earlier. The Contingent Coupon is $35.875 per Note (equal to 14.35% per annum) payable on specified quarterly observation/payment dates if the Closing Value of Tesla is at or above the Contingent Coupon Barrier Value. The Initial Value is $411.32, the Barrier Value and Contingent Coupon Barrier Value are $205.66 (50.00% of the Initial Value). If not called and the Final Value is below the Barrier Value, the Payment at Maturity equals $1,000 plus $1,000 times the Reference Asset Return, exposing investors to up to 100% principal loss. All payments are unsecured obligations of the Bank and depend on its creditworthiness.

The Bank of Nova Scotia is offering Autocallable Dual Directional Barrier Notes linked to the common stock of NVIDIA Corporation. Each Note has a $1,000 Principal Amount and an Original Issue Price of 100.00%. The Trade Date is February 20, 2026, the Original Issue Date is February 25, 2026, and the Maturity Date is February 25, 2028.

The Notes are senior, unsecured obligations of the Bank and carry credit risk of the Bank. An automatic call will occur if the Reference Asset Closing Value on the Review Date is at or above the Call Value, in which case each Note pays $1,200 (Principal plus a 20.00% Call Premium). If not called, the Notes pay at maturity based on the Reference Asset Return with an Upside Participation Rate of at least 219.00% and a Barrier Value of 70.00%. The Bank’s initial estimated value range at pricing is $921.17 to $951.17 per $1,000 Principal Amount. Investors may lose up to 100.00% of principal; notes do not pay interest and are not listed.

The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes linked to the common stock of Oracle Corporation. The Notes have a Principal Amount $1,000 per note, an Original Issue Price 100%, and an expected term of approximately 3 years if not called.

The Notes may be automatically called on observation dates if the Reference Asset closes at or above its Initial Value. Contingent Coupons of at least $46.25 per Note (equal to at least 18.50% per annum) may pay on specified observation/payment dates if a 50.00% barrier is met. The Barrier Value and Contingent Coupon Barrier Value are 50.00% of the Initial Value. The Bank’s initial estimated value range at pricing is $925.78–$955.78 per $1,000, and you may lose up to 100% of principal if the Final Value is below the Barrier. Payments are unsecured and subject to the Bank’s credit risk.

The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes linked to the common stock of Tesla, Inc., subject to completion. Each Note has a Principal Amount $1,000, an Original Issue Price of 100.00%, a Trade Date of February 26, 2026, an Original Issue Date of March 3, 2026, a Final Valuation Date of February 26, 2029 and a Maturity Date of March 1, 2029.

The Notes pay Contingent Coupons of at least $34.625 per Note (equal to at least 13.85% per annum) on specified observation/payment dates if the Closing Value of Tesla is at or above the Contingent Coupon Barrier (set at 50.00% of the Initial Value). The Notes are automatically called if a Call Observation Date Closing Value is ≥ the Initial Value. At maturity, if Final Value ≥ Barrier Value (50.00% of Initial Value) you receive $1,000; if Final Value < Barrier Value you receive $1,000×(1+Reference Asset Return) and may lose up to 100% of principal.

The Bank disclosed an initial estimated value range of $933.37 to $963.37 per $1,000 Principal Amount, below the Original Issue Price. All payments are subject to the Bank's credit risk.

The Bank of Nova Scotia is offering Contingent Income Auto-Callable Securities due on or about March 2, 2028 linked to the worst performing of AMZN, GOOGL and MSFT.

The securities have a stated principal amount of $1,000.00 per security, an issue price of $1,000.00, a contingent quarterly coupon of $26.30 (equivalent to 10.52% per annum) payable only if all underlying stocks meet 50.00% coupon thresholds on each determination date. Pricing date is February 27, 2026 and original issue date is March 4, 2026. Payments depend on the worst performing underlying stock, and principal is at risk: if the final share price of the worst performing stock is below its 50.00% downside threshold, the maturity payment will be reduced on a 1-to-1 basis and could be less than 50.00% of principal or zero. All payments are subject to the credit risk of BNS.

The Bank of Nova Scotia is offering Autocallable Fixed Coupon Trigger Notes linked to the common stock of Broadcom Inc. The offering totals $1,902,000 in aggregate principal (notes of $1,000 each) with an original issue price of 100%.

Each note pays a monthly coupon of $9.584 per $1,000 (0.9584% monthly, up to approximately 11.50% per annum). Notes may be automatically called if Broadcom's closing price on a call observation date is at or above the initial price of $325.17. If not called, at maturity on March 18, 2027 holders receive either $1,000 (if final price ≥ 56.00% of the initial price) or a share delivery amount equal to $1,000 ÷ $325.17, exposing principal to equity downside. The Banks initial estimated value per note was $961.45, below the issue price.

The Bank of Nova Scotia is offering Trigger Jump Securities with an auto-callable feature linked to Broadcom (AVGO), Palantir (PLTR) and Tesla (TSLA). The securities are senior unsecured notes issued under BNS' Senior Note Program, Series A, with an issue price of $1,000.00 per security and a stated principal amount of $1,000.00.

The securities mature on March 2, 2029 (original issue date March 4, 2026) and have determination dates that permit automatic early redemption for cash payments corresponding to an approximate 63.00% per annum stated return on the relevant early redemption dates. If not called, the payment at maturity can be $2,890.00 if all final share prices are at or above their initial share prices, $1,000.00 if all final share prices are at or above their trigger prices (50% of initial), or an amount tied 1:1 to the worst-performing underlying stock (which could result in a total loss).

The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to Amazon.com, Inc. The issue totals $1,755,000 in the aggregate with a $1,000 principal amount per note and an original issue price of 100%. The notes trade on February 13, 2026, have an original issue date of February 19, 2026, and mature on March 18, 2027.

The notes pay a contingent monthly coupon equal to $9.584 per $1,000 (about 0.9584% monthly, or up to approximately 11.50% per annum) on an observation date if the closing price of Amazon stock is at or above the coupon barrier and trigger price of 71.00% of the initial price. The initial price is $198.79. Notes will be automatically called (redeemed early) if on any call observation date the closing price is equal to or greater than the initial price; call observations run from August 2026 through February 2027.

If not called, maturity payout depends on the final price on the final valuation date (March 15, 2027): if the final price is below 71.00% of the initial price you suffer equity-like downside (you lose 1% for each 1% the final price is below the initial price), including potential loss of your principal. The notes are unsecured obligations of the Bank and are subject to the Bank’s credit risk. The Bank’s initial estimated value at pricing was $974.23 per $1,000, below the issue price.

The Bank of Nova Scotia offers Dual Directional Buffered PLUS linked to SPDR® Gold Trust (GLD) with an aggregate principal of $3,026,000 and a $1,000.00 stated principal amount per note. The notes pay no interest, have an issue price of $1,000.00 and an initial estimated value of $988.00.

At maturity on February 17, 2028 (valuation date February 14, 2028), investors may receive: the stated principal plus a 200.00% upside leverage up to a maximum payment of $1,313.00 (a 31.30% gain); an absolute return up to the 10.00% buffer if the fund falls modestly; or losses exceeding the buffer, potentially up to 90.00% of principal. All payments are subject to BNS credit risk.

The Bank of Nova Scotia is offering $8,730,000 of Dual Directional Buffered PLUS linked to the Russell 2000® Index due March 3, 2028. Each note has a $1,000 stated principal amount, an upside leverage factor of 150.00%, a 15.00% buffer and a maximum payment of $1,185.80 per note.

The notes pay no interest, are senior unsecured obligations of BNS and expose investors to BNS credit risk; investors could lose up to 85.00% of principal if the index falls beyond the buffer. The valuation date is February 29, 2028.

The Bank of Nova Scotia is offering $5,785,000 aggregate principal of Contingent Income Auto-Callable Securities due February 16, 2029, senior unsecured notes linked to the common stock of Broadcom Inc. (initial share price $325.17).

Each $1,000 security may pay a contingent quarterly coupon of $33.70 (equivalent to 13.48% per annum) if the underlying closing price on a determination date is at or above the downside threshold ($162.585, 50.00% of the initial share price). The notes are auto-callable if the closing price meets or exceeds the call threshold ($325.17), and at maturity investors face a 1-for-1 exposure to any decline below the downside threshold, which could result in losses up to 100% of principal. All payments are subject to BNS credit risk.

The Bank of Nova Scotia (BNS) is offering $6,729,000 of Dual Directional Trigger PLUS linked to shares of the iShares® Silver Trust (SLV), maturing on June 3, 2027.

Each note has a $1,000.00 stated principal, an upside leverage factor of 200.00%, a maximum upside payment of $1,433.90 (a 43.39% gain), an initial share price of $69.72 and a trigger price of $45.318 (65.00% of initial). Payments at maturity depend solely on the closing final share price on the valuation date; investors may receive leveraged upside, an unleveraged positive return for limited declines, or suffer full principal loss if the final price is below the trigger. All payments are subject to BNS credit risk and there is no periodic interest or dividend entitlement.

The Bank of Nova Scotia is offering $4,809,000 of Capped Notes linked to the shares of the SPDR® Gold Trust (GLD) that mature on March 3, 2027. Each Note has a $1,000 principal amount, an Original Issue Price of 100.00% and a Minimum investment of $10,000.

Payments at maturity depend on the Reference Asset Return from an Initial Value of $462.62 to the Final Value on the Final Valuation Date of February 26, 2027. Positive returns are capped at a 12.73% Maximum Return (maximum payment $1,127.30 per Note). If the Final Value is lower than the Initial Value, investors lose 1% per 1% decline, with downside limited to 5.00% (minimum payment $950.00 per Note). The Notes pay no interest and are unsecured senior obligations of the Bank.

The Bank of Nova Scotia priced $5,256,000 of Autocallable Contingent Buffered Return Enhanced Notes linked to the SPDR® Gold Trust (GLD) with a February 19, 2026 original issue date and maturity on February 17, 2028.

The notes pay no coupons, are unsecured senior obligations of the Bank and are subject to the Bank’s credit risk. They feature an automatic call on the February 26, 2027 Review Date if GLD’s Closing Value is ≥ $462.62 (100% Initial Value), producing a cash call payment equal to principal plus a $147.30 Call Premium (14.73%). If not called, maturity payoffs depend on GLD’s Final Value: upside participation at a 125.00% Participation Rate for positive returns, a full principal return if GLD stays ≥ $416.36 (90% Buffer Value), or leveraged downside exposure (approximately 1.1111% loss per 1% below the Initial Value in excess of the 10.00% buffer), up to a total loss of principal.

The Bank of Nova Scotia issued $64,347,000 of Capped Buffered Enhanced Participation Notes linked to the S&P 500® Index due April 5, 2028. The notes trade date was February 12, 2026 with original issue date February 18, 2026 and an original issue price of 100.00%.

The notes offer a 150.00% participation rate up to a $1,207.00 maximum payment per $1,000 principal. A 15.00% buffer applies: if the final level is down ≤ 15.00%, holders receive principal; declines beyond that produce amplified losses using a buffer rate of approximately 117.65%. The pricing supplement discloses an initial estimated value of $972.34 per $1,000.

The Bank of Nova Scotia is offering $11,878,250 of Trigger Autocallable GEARS, senior unsecured notes linked to the Russell 2000 Index, maturing on February 18, 2031. The notes may be automatically called after about one year if the index closes at or above the initial level.

If called, investors receive $11.10 per $10 note, reflecting an 11.00% call return, and the investment ends. If not called and the index is above the initial level at maturity, investors gain leveraged upside with 1.55x participation in positive index returns.

If at maturity the index is at or above 75% of the initial level, principal is repaid. If it finishes below 75%, repayment is reduced one-for-one with the index loss and can fall to zero. The notes pay no interest, offer no dividends, are not listed, and all payments depend on BNS’s creditworthiness.

The Bank of Nova Scotia is offering $15,412,410 of Trigger Autocallable Contingent Yield Notes linked to the worst performer of the S&P 500 Index and EURO STOXX 50 Index, maturing in February 2031. Investors receive a quarterly coupon at an annual rate of 8.10% only if both indexes stay at or above 70% of their initial levels on each observation date.

The notes may be called early quarterly after six months if both indexes are at or above their initial levels, returning principal plus the due coupon. If not called and any index finishes below its 70% downside threshold at maturity, repayment is reduced in line with the worst index’s loss, up to a total loss of principal. The securities are senior unsecured obligations of BNS, are not insured, are not listed on any exchange, have limited liquidity, and had an initial estimated value of $9.468 per $10 note, below the issue price.

The Bank of Nova Scotia is offering $7,221,500 of Trigger Autocallable GEARS linked to the Nikkei 225® Index due February 18, 2031. Each Security has a $10 principal, a minimum investment of $1,000, and an initial level of 56,941.97.

If the closing level on the observation date (February 22, 2027) is at or above the autocall barrier (the initial level), the issuer will automatically call the notes and pay a call return of 18.00% (call price = $11.80 per Security). If not called, maturity payoff on February 18, 2031 depends on the underlying return: positive returns receive the upside gearing of 1.65; if the final level is below the downside threshold (42,706.48, 75.00% of the initial level) investors can suffer losses up to 100% of principal. Payments are subject to BNS credit risk. BNS’s initial estimated value was $9.542 per Security.

The Bank of Nova Scotia is issuing $5,138,000 of Autocallable Contingent Coupon Trigger Notes linked to NVIDIA common stock, maturing on August 17, 2027. These unsecured senior notes pay a monthly contingent coupon of $9.417 per $1,000 (about 11.30% per annum) only when NVIDIA’s closing price is at least 53.00% of the initial price of $186.94 on the relevant observation date.

Starting in August 2026, the notes are automatically called if NVIDIA’s price on a call observation date is at or above the initial price, returning $1,000 plus the applicable coupon. If the notes are not called and the final price is at least 53.00% of the initial price, investors receive $1,000 plus the final coupon. If the final price is below 53.00%, investors receive NVIDIA shares equal to $1,000 divided by $186.94 (or cash if under one share), whose value at that time will be under 53.00% of principal, implying a substantial or total loss.

The notes will not be listed on an exchange and all payments depend on the creditworthiness of The Bank of Nova Scotia. The initial estimated value is $958.32 per $1,000, below the issue price, reflecting internal funding rates, hedging costs, underwriting commissions and structuring fees that may pressure secondary-market values.

The Bank of Nova Scotia is offering Buffered Enhanced Participation Basket-Linked Notes tied to a weighted equity basket: EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%). The notes pay no interest and mature in about 23–26 months.

At maturity, investors receive $1,000 plus leveraged upside (participation rate between 112% and 131%) if the basket finishes above its initial level. Principal is protected only for declines up to 10%; beyond that, losses are amplified by a buffer rate of about 111.11%, and investors can lose all principal.

The initial estimated value is expected between $944.04 and $974.04 per $1,000, below the 100% issue price, reflecting fees and hedging costs. The notes are unsecured obligations of Scotiabank, not insured, not bail‑inable under the CDIC Act, and are not listed, so liquidity may be limited.

The Bank of Nova Scotia is issuing senior unsecured market-linked notes tied to Tesla, Inc. stock that pay a fixed 12.50% annual coupon and expose investors to contingent downside risk. Each security has a $1,000 face amount and an original offering price of $1,000.

The notes may be automatically called monthly from August 2026 to January 2027 if Tesla’s stock closes at or above the $417.44 starting price, returning face value plus the final coupon. If not called, investors receive $1,000 at maturity only if the final stock price is at or above the $250.464 downside threshold.

If the final Tesla price is below that downside threshold, the maturity payment is $1,000 multiplied by the stock’s performance factor, so losses can exceed 40% and reach 100% of principal. The Bank’s estimated value is $968.50 per security, and there is no stock upside or dividend participation.

The Bank of Nova Scotia is offering senior unsecured market-linked notes tied to the lowest performing of Datadog, Dell Technologies and Intel, maturing in February 2029. Each $1,000 security pays a 21.75% per annum contingent monthly coupon only if the lowest stock closes at or above 50% of its starting price, with a memory feature for missed coupons.

The notes may be automatically called monthly from August 2026 to January 2029 if the lowest stock is at or above its starting price, returning face value plus due coupons. If not called and the lowest stock finishes below 50% of its starting price at maturity, investors lose more than half, up to all, of principal. The Bank’s estimated value is $944.92 per $1,000, the notes are not listed, and all payments are subject to Scotiabank’s credit risk.

The Bank of Nova Scotia is issuing senior unsecured market-linked notes tied to the common stock of Oklo Inc., maturing in February 2027. These securities pay a contingent coupon of 29.25% per annum, but only if Oklo’s stock closes at or above 50% of the $65.69 starting price on each monthly calculation day, with a memory feature that can repay missed coupons later.

The notes are auto-callable monthly from August 2026 to January 2027 if Oklo’s share price is at or above the starting price, returning the $1,000 face amount plus the applicable coupon and any unpaid coupons. If the notes are not called and Oklo’s final price is at least 50% of the starting price, holders receive the $1,000 face amount at maturity; if it is below that level, repayment is reduced in line with the stock’s decline and can result in losing more than 50%, up to all, of principal.

The securities are offered at $1,000 per note, with an estimated value of $931.37 as of the pricing date and total offering size of $2,281,000. They are not listed on an exchange and all payments depend on the credit of The Bank of Nova Scotia.

The Bank of Nova Scotia is offering unsecured Autocallable Digital Buffer Notes linked to the common stock of Amazon.com, Inc., with a $1,000 principal amount per Note and a term running to February 25, 2028, unless automatically called earlier.

The Notes may be automatically called on March 5, 2027 if Amazon’s closing value is at least 100% of its initial value, paying back principal plus a call premium of at least $191 (19.10%) per Note. If not called and the final value is at least the initial value, holders receive principal plus the greater of a fixed digital return of at least 38.20% or the stock’s positive performance. A 15% buffer protects against moderate declines, but below 85% of the initial value losses increase at roughly 1.1765% of principal for each additional 1% drop, up to total loss. The Notes pay no interest, provide no dividends, carry full credit risk of the Bank, are not insured, and will not be listed. The initial estimated value is expected between $951.40 and $981.40 per $1,000.

The Bank of Nova Scotia is offering senior unsecured market-linked securities tied to Palantir Technologies Inc. common stock. Each note has a $1,000 face amount, with a total offering of $1,504,000, and pays a 15.30% per annum contingent coupon only when Palantir’s closing price on the quarterly calculation day is at least 50% of the $131.41 starting price. Notes may be automatically called quarterly from May 2026 through November 2028 if the stock is at or above the starting price, returning face value plus due coupons. If not called and Palantir closes below the 50% downside threshold at maturity in February 2029, investors lose principal in full proportion to the decline and can lose their entire investment. The Bank’s estimated value is $950.77 per $1,000 note (95.077% of issue price), the notes are not listed, and all payments depend on Scotiabank’s credit.

The Bank of Nova Scotia is issuing senior unsecured market-linked notes tied to the worst performer among Broadcom, Alphabet Class C and Netflix, maturing in February 2029. Each $1,000 note can be auto-called after about one year with a fixed 37.5% call premium if the lowest-performing stock is at or above its starting price.

If not called, maturity payments depend on the final price of the lowest-performing stock: 300% leveraged upside above its starting price; a capped positive “absolute value” return (up to 50%) if it is between 50% and 100% of the starting price; and full downside exposure below 50%, with losses greater than 50% of principal possible.

The notes pay no interest or dividends, are not listed on any exchange, and all payments are subject to the credit risk of The Bank of Nova Scotia. The estimated value is $928.30 per $1,000 note, below the $1,000 offering price, reflecting selling costs and hedging profits.

The Bank of Nova Scotia is offering $11,153,160 of Trigger Autocallable Notes linked to the Russell 2000 Index, maturing in February 2031. The notes can be automatically called quarterly after 12 months if the index is at or above the initial level of 2,646.697, paying principal plus a call return based on a 9.25% per annum rate, with call prices rising the longer the notes remain outstanding.

If the notes are not called and the final index level is at or above the downside threshold of 1,985.023 (75% of the initial level), investors receive only their $10 principal per note. If the final level is below this threshold, repayment is reduced in line with the index loss, and investors can lose their entire investment. The notes pay no interest, do not participate in upside beyond the fixed call returns, are not listed on any exchange, and carry full credit risk of BNS. The initial estimated value is $9.63 per $10 note, below the issue price, reflecting structuring, distribution and hedging costs.

The Bank of Nova Scotia is offering Trigger Autocallable GEARS, senior unsecured notes linked to an unequally weighted basket of five equity indices (EURO STOXX 50® 40%, Nikkei 225 25%, FTSE® 100 17.5%, Swiss Market Index 10%, S&P/ASX 200 7.5%) maturing on February 18, 2031.

The notes are issued at $10 per Security, with a call return rate of 13.00%, upside gearing of 1.73, an autocall barrier at 100.00% of the initial basket level and a downside threshold at 75.00%. If not called and the basket falls below the downside threshold at final valuation, investors suffer losses in line with the negative basket return and can lose their entire principal. The initial estimated value is $9.56 per Security, and any payment depends on BNS’s creditworthiness.

The Bank of Nova Scotia is issuing senior unsecured market-linked notes tied to the common stock of NVIDIA Corporation. Each security has a $1,000 face amount, with a total original offering of $113,000 and net proceeds of $110,090.25 to the bank.

The notes may be automatically called on February 19, 2027 if NVIDIA’s stock closes at or above the starting price of $182.81, paying $1,214.50 per $1,000 (a 21.45% call premium). If not called, they mature February 16, 2029 with 150% leveraged upside above the starting price, full return of principal between 60% and 100% of the starting price, and full downside exposure below the 60% threshold of $109.686.

The securities pay no interest or dividends, are not listed on an exchange, and all payments depend on the credit of The Bank of Nova Scotia. The bank’s estimated value on the pricing date is $954.46 per $1,000 security, reflecting embedded selling costs and hedging profits.

The Bank of Nova Scotia is offering $2,588,000 of Trigger Autocallable Contingent Yield Notes linked to ServiceNow, Inc. common stock, maturing February 19, 2027. Each $10 Note pays a 12.75% per annum contingent coupon only when ServiceNow’s share price is at or above the $51.65 coupon barrier on quarterly observation dates.

The Notes may be automatically called early if the stock closes at or above the $103.29 initial level on any observation date, in which case investors receive principal plus the applicable coupon and the product terminates. If not called and the final stock level is at or above the $51.65 downside threshold, principal is returned at maturity.

If the final level is below the downside threshold, repayment is reduced one-for-one with the stock’s decline from the initial level, and investors can lose all of their principal. The Notes are senior unsecured obligations of BNS, not listed, and all payments depend on BNS’s creditworthiness. The initial estimated value per $10 Note is $9.71, below the $10 issue price, reflecting structuring, distribution and hedging costs.

The Bank of Nova Scotia is issuing senior unsecured market-linked notes tied to the common stock of Oracle Corporation, offering a contingent coupon rate of 12.50% per annum. Investors receive quarterly coupons only if Oracle’s stock closes at or above 50% of the $160.14 starting price on each calculation day.

The notes are auto-callable from August 2026 to November 2028 if Oracle’s stock closes at or above the starting price, repaying the $1,000 face amount plus the current and any previously unpaid coupons. If not called and Oracle finishes below 50% of the starting price at maturity in February 2029, investors lose more than 50%, up to all principal. The estimated value is $921.60 per $1,000 note, and the notes are not listed and carry BNS credit risk only.

The Bank of Nova Scotia is offering $10,000,000 of Buffered Contingent Income Auto-Callable Securities, senior unsecured notes linked to Alphabet Inc.’s Class A common stock. Each security has a $1,000 principal amount and can pay a contingent monthly coupon of $14.30 per security, equivalent to 17.16% per annum, but only when Alphabet’s closing price is at or above 85% of the initial share price of $310.96.

The notes may be automatically redeemed if Alphabet closes at or above 100% of the initial price on any non-final determination date, returning principal plus the due coupon (including any “memory” coupons). If held to maturity and Alphabet finishes below the 85% downside threshold of $264.316, investors lose about 1.1765% of principal for every 1% Alphabet is below the threshold, up to a total loss. The securities do not participate in stock upside, pay no dividends, are not listed, and all payments are subject to BNS credit risk.

The Bank of Nova Scotia is offering $5,243,000 of autocallable digital buffer notes linked to the S&P 500 Index maturing in February 2028. These unsecured senior notes can be automatically called in 2027 if the index is at or above its initial level.

If called, investors receive the $1,000 principal per note plus an $84.80 (8.48%) call premium. If held to maturity and the index is at or above the initial level, the payoff adds the greater of a fixed 16.96% digital return or the index’s positive performance.

A 15% downside buffer applies: if the index finishes between 85% and 100% of its initial level, principal is returned; below 85%, losses accelerate at about 1.1765% of principal for each additional 1% decline, up to total loss. The notes pay no coupons, are not insured, carry Bank of Nova Scotia credit risk, and are expected to have limited secondary market liquidity.

The Bank of Nova Scotia is offering Capped Buffer GEARS, senior unsecured notes linked to the S&P 500® Index, maturing around February 29, 2028. Each Security has a $10 principal amount, with a minimum investment of $1,000.

At maturity, if the index return is positive, investors receive upside at 2x the index gain, capped by a maximum gain of 16.70%–19.70% (maximum payment $11.67–$11.97). If the index is flat or down but above the 90% downside threshold, principal is repaid.

If the index falls below the downside threshold, losses exceed the 10% buffer and are one-for-one with further declines, so investors can lose almost all principal. The notes pay no interest, are subject to BNS credit risk, are not FDIC/CDIC insured, and are not expected to be listed, with limited liquidity. The initial estimated value is $9.329–$9.629 per $10 note, below the issue price due to structuring, hedging and distribution costs.

The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Basket‑Linked Notes under its Senior Note Program, Series A. These unsecured notes pay no interest and return depends on a weighted equity index basket: EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%).

At maturity in about 19–22 months, holders receive: full principal plus 230.00% of any positive basket return, but only up to a maximum payment expected between $1,189.75 and $1,223.10 per $1,000; principal back if the basket decline is up to 15%; and amplified losses (buffer rate about 117.65%) beyond a 15% drop, with up to 100% principal loss possible. The initial estimated value is expected between $946.00 and $976.00 per $1,000, below issue price, and all payments depend on Scotiabank’s credit.

The Bank of Nova Scotia is offering $3,949,000 of Trigger Jump Securities linked to Amazon.com, Inc. stock, maturing on February 16, 2028. These senior unsecured notes pay no coupons and expose investors to both equity risk and BNS credit risk.

If Amazon’s final share price is at or above the initial share price of $204.08, each $1,000 note pays back principal plus a fixed upside payment of $436 (a 43.60% gain). If the final price is below $204.08 but at or above the trigger level of $183.672 (90% of the initial price), investors receive only the $1,000 principal.

If Amazon’s final price falls below the $183.672 trigger, repayment is reduced 1% for each 1% decline from the initial price, and the maturity payment can drop to zero. The notes are not listed, have limited liquidity, and the estimated value at pricing is $960.40 per $1,000, reflecting embedded fees and hedging costs.

The Bank of Nova Scotia is offering $723,000 of unsecured Autocallable Contingent Coupon Notes with Memory Coupon due February 15, 2029, linked to the worst performer among Align Technology, CarMax and Progressive common stocks.

The notes pay a contingent coupon of $18.5417 per $1,000 (22.25% per annum) on scheduled observation dates only if each stock stays at or above 60% of its initial value; missed coupons accrue as “memory” but are lost if a coupon condition is never met or at final valuation if any stock is below its barrier. The notes may be automatically called if all three stocks are at or above their initial values on a call date, returning principal plus due coupons.

If not called and the worst-performing stock finishes below its 60% barrier, repayment of principal is reduced one-for-one with that stock’s loss and investors can lose up to 100% of their investment. The initial estimated value is $954.03 per $1,000, below the 100% issue price, and all payments are subject to Scotiabank’s credit risk with no deposit insurance or stockholder rights.

The Bank of Nova Scotia is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of ServiceNow, Inc. The Notes pay a contingent coupon at a rate of 12.75% per annum (about $0.3188 per $10 Note quarterly) only when the stock closes on an observation date at or above the coupon barrier of $51.65, which is 50% of the initial level of $103.29.

The Notes can be automatically called on quarterly observation dates before maturity if ServiceNow’s share price is at or above the initial level, in which case holders receive $10 principal plus the applicable coupon and the Notes terminate early. If the Notes are not called and the final stock level on February 16, 2027 is at or above the downside threshold of $51.65, investors receive full principal back.

If the Notes are not called and the final level is below the downside threshold, repayment is reduced dollar-for-dollar with the stock’s percentage decline from the initial level, exposing investors to full downside market risk and potential total loss of principal. Payments also depend entirely on the creditworthiness of BNS. The initial estimated value per $10 Note is between $9.41 and $9.71, below the $10 issue price, and the Notes are not listed, so liquidity may be limited.

The Bank of Nova Scotia is offering $10,719,000 of Digital Notes linked to the S&P 500® Index, maturing on June 14, 2028. The notes pay no interest and all value comes from how the index performs between the February 11, 2026 trade date and the June 12, 2028 valuation date.

For each $1,000 note, if the final S&P 500® level is at least 85.00% of the initial level of 6,941.47, investors receive a fixed maximum payment of $1,191.50. If the index falls more than 15.00%, repayment drops quickly: investors lose about 1.1765% of principal for every 1% decline below the 85.00% threshold, and can lose their entire investment.

The notes are unsecured senior obligations of The Bank of Nova Scotia and are not insured by any government agency. The initial estimated value is $989.10 per $1,000 note, reflecting internal funding and hedging costs, and the notes will not be listed on any exchange, so liquidity will depend on dealer market-making.

The Bank of Nova Scotia is offering $3,300,000 of Amazon.com, Inc. stock-linked Enhanced Trigger Jump Securities, $1,000 per note, that pay no interest and put principal at risk.

At maturity in February 2027, if Amazon’s final share price is at or above a trigger set at 90% of the $206.96 initial price ($186.264), investors receive $1,000 plus a fixed upside payment of $202.70 per note, a capped gain of 20.27% regardless of how high the stock trades. If the final share price is below the trigger, repayment is $1,000 plus the stock return, so investors lose 1% of principal for each 1% decline from the initial price and can lose their entire investment.

The notes are senior unsecured debt of BNS, not insured or secured, and all payments depend on BNS’s credit. The estimated value on the pricing date is $974.50 per $1,000, below the issue price, and the securities will not be listed, so secondary market liquidity may be limited.

The Bank of Nova Scotia is offering unsecured Autocallable Contingent Coupon Notes linked to the common stock of Tesla, Inc., with a principal amount of $1,000 per note and a scheduled maturity on February 23, 2029, unless called earlier.

The notes can be automatically called on quarterly observation dates if Tesla’s closing value is at or above the initial value, returning principal plus the applicable coupon. If not called, investors earn a contingent coupon of at least $35.875 per note (at least 14.35% per annum) only when Tesla’s closing value is at or above 50% of the initial value.

At maturity, if the notes are not called and Tesla is below the 50% barrier, repayment is reduced one‑for‑one with Tesla’s decline, and investors can lose up to 100% of principal. The initial estimated value is expected between $936.86 and $966.86 per $1,000, reflecting structuring and hedging costs, and underwriting commissions are up to 2.00%. The notes are senior unsecured obligations of Scotiabank, are not insured by CDIC or FDIC, will not be listed on an exchange, and all payments depend on the Bank’s creditworthiness.

The Bank of Nova Scotia is offering $1,146,000 of Capped Buffered Enhanced Participation Notes linked to the MSCI EAFE Index, maturing April 13, 2028. These unsecured notes pay no interest and their payoff depends entirely on index performance between February 10, 2026 and April 11, 2028.

If the index finishes above the initial level of 3,138.65, investors receive 160% of the index gain, capped at a maximum payment of $1,272 per $1,000 of principal (a 27.2% maximum return). If the index is flat or down by up to 15%, investors receive back their $1,000 principal per note.

If the index falls by more than 15%, losses accelerate: investors lose about 1.1765% of principal for each 1% drop beyond the 15% buffer, and can lose their entire investment. The initial estimated value is $984.10 per $1,000, below the issue price, and the notes are not exchange-listed. Repayment depends on the creditworthiness of The Bank of Nova Scotia.