Bank of Nova Scotia 424B Filings

The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Notes linked to the MSCI EAFE® Index. These unsecured senior notes do not pay interest and return depends entirely on index performance over roughly 26 to 29 months.

At maturity, for each $1,000, if the index is above its initial level, investors receive $1,000 plus 160.00% of the index gain, capped at a maximum payment expected between $1,234.72 and $1,276.00. If the index is down but by no more than 15.00%, investors receive back $1,000.

If the index falls by more than 15.00%, losses accelerate at a buffer rate of about 117.65%, and up to 100% of principal can be lost. The initial estimated value is expected between $946.80 and $976.80 per $1,000, below issue price, and any payment is subject to Bank of Nova Scotia credit risk.

The Bank of Nova Scotia is offering senior unsecured market-linked notes tied to Intel Corporation common stock, maturing in February 2029, with an auto-call feature and quarterly contingent coupons.

Investors may receive a contingent coupon at a rate of at least 19.90% per annum (paid quarterly) only if Intel’s stock is at or above 60% of the starting price on each calculation day. The notes can be automatically called from May 2026 through November 2028 if the stock is at or above 90% of the starting price, returning face amount plus a final coupon. If not called and Intel’s stock ends below 60% of the starting price on the final calculation day, investors lose more than 40%, up to all, of principal. The Bank’s estimated value is between 92.976% and 95.976% of the $1,000 original offering price, reflecting selling costs and hedging profits, and there is no exchange listing, so liquidity and secondary market pricing may be limited.

The Bank of Nova Scotia is offering $3,887,000 of Capped Buffered Enhanced Participation Notes linked to the S&P 500 Index, maturing December 8, 2027. These unsecured notes pay no interest and all return depends on index performance between February 4, 2026 and the valuation date, December 6, 2027.

If the S&P 500 rises, holders get 160% of the index gain, capped at a maximum payment of $1,216.80 per $1,000 note (about 21.68% total return). If the index is flat or down by up to 12.5%, investors receive their $1,000 principal. Below that 12.5% buffer, losses accelerate at roughly 1.1429% for every 1% further index decline, and up to all principal can be lost.

The notes will not be listed on an exchange, have limited or no liquidity, and all payments depend on the credit of The Bank of Nova Scotia. The initial estimated value is $991.90 per $1,000, reflecting issuance and hedging costs.

The Bank of Nova Scotia is offering $500,000 of senior unsecured market-linked notes tied to the lowest performer of AvalonBay, BXP and Equity Residential stocks. The $1,000-denomination securities pay no interest, can auto-call after about one year with a fixed 41% premium, and otherwise run to February 2029.

If not called, upside is leveraged at 150% of any gain in the lowest-performing stock. Principal is only protected down to an 80% threshold; below that, investors take full downside and can lose most or all of principal. The Bank’s own estimated value is $886.96 per $1,000 note, reflecting embedded fees and hedging costs.

The Bank of Nova Scotia is offering unsecured Autocallable Contingent Coupon Trigger Notes linked to the common stock of Amazon.com, Inc., maturing around March 24, 2027. The minimum denomination is $1,000 per note, issued at 100% of principal in U.S. dollars.

Holders may receive a monthly contingent coupon of $8.167 per $1,000 (0.8167%, about 9.80% per annum) when Amazon’s closing price on an observation date is at least 70% of the initial price. Beginning in August 2026, if on a call observation date Amazon closes at or above its initial price, the notes are automatically called and investors receive $1,000 plus that period’s coupon.

If the notes are not called, then at maturity investors receive $1,000 plus a final coupon if Amazon’s final price is at least 70% of the initial price. If the final price is below 70%, investors receive a share delivery amount of Amazon stock worth less than 70% of principal, leading to a substantial or total loss. The notes are not insured, will not be listed on any exchange, and all payments depend on the creditworthiness of The Bank of Nova Scotia. The initial estimated value is expected to be $925–$955 per $1,000, below the issue price due to fees, funding and hedging costs.

The Bank of Nova Scotia is offering senior unsecured market-linked notes tied to Palantir Technologies Inc. stock, with auto-call and contingent coupons. The notes pay a quarterly coupon at a rate of at least 15.30% per annum only if Palantir’s closing price is at or above 50% of the starting price on each calculation day, with a memory feature for missed coupons.

If the notes are not called and Palantir’s final price is below 50% of the starting price, investors lose more than 50%, up to all, of principal; upside is capped at par, so any positive return comes solely from coupons. The Bank’s estimated value per $1,000 note would be between $926.35 and $956.35, reflecting selling costs and hedging profits. The securities are senior unsecured obligations of The Bank of Nova Scotia, not insured, not listed on an exchange, and subject to the Bank’s credit risk.

The Bank of Nova Scotia is offering capped buffered enhanced participation notes linked to the S&P 500® Index. The notes pay no interest and return at maturity depends on index performance over roughly 24 to 27 months.

Investors get 150.00% upside participation in the S&P 500® price return, but gains are capped by a maximum payment amount expected between $1,192.90 and $1,226.35 per $1,000. A 15.00% downside buffer protects against moderate losses, but below 85.00% of the initial level losses accelerate at a buffer rate of approximately 117.65%, and up to 100% of principal can be lost.

The notes are unsecured, unsubordinated obligations of The Bank of Nova Scotia, are not insured, and will not be listed on any exchange. The initial estimated value is expected between $945.07 and $975.07 per $1,000, below the 100% original issue price, reflecting fees, hedging costs and the bank’s internal funding rate.

The Bank of Nova Scotia is issuing $4,121,000 of Autocallable Contingent Coupon Trigger Notes linked to Alphabet Inc. Class C stock, maturing March 8, 2027. The notes pay a monthly contingent coupon of $9.167 per $1,000 (0.9167%, up to about 11.00% per year) if Alphabet’s closing price is at or above 70% of the $340.70 initial price on each observation date.

The notes can be automatically called from August 2026 through February 2027 if Alphabet closes at or above the initial price, in which case investors receive $1,000 per note plus the applicable coupon. If not called and Alphabet’s final price is at or above 70% of the initial price on the March 3, 2027 final valuation date, investors receive $1,000 plus the final coupon.

If the final price is below 70% of the initial price, investors receive shares of Alphabet equal to $1,000 divided by $340.70 (with cash for any fraction). In that case the value, as of the final valuation date, will be less than 70% of principal and no final coupon is paid, so investors can lose all or a substantial portion of their investment. The notes are unsecured, unsubordinated obligations of The Bank of Nova Scotia, not insured by any deposit insurance scheme, will not be listed, and had an initial estimated value of $968.43 per $1,000, below the original issue price.

The Bank of Nova Scotia is offering $3,363,000 of autocallable contingent coupon trigger notes linked to the Class A common stock of Meta Platforms, Inc. The notes are issued in $1,000 denominations under the Bank’s Senior Note Program, Series A, and mature on March 8, 2027, unless called earlier.

Investors may receive a monthly contingent coupon of $8.875 per $1,000 (0.8875%, up to 10.65% per annum) if Meta’s closing price on each observation date is at least 68% of the $691.70 initial price. Starting in August 2026, the notes are automatically called if Meta closes at or above the initial price on a call observation date, paying $1,000 plus any due coupon.

If the notes are not called and Meta’s final price is at least 68% of the initial price, investors receive $1,000 plus the final coupon. If the final price falls below 68%, holders receive a share delivery amount of Meta stock worth less than 68% of principal, with no coupon, and can lose all or a substantial portion of their investment. The notes are unsecured, unsubordinated obligations of The Bank of Nova Scotia, are not insured, will not be listed on an exchange, and have an initial estimated value of $974.60 per $1,000, below the issue price, reflecting fees, structuring costs and hedging.

The Bank of Nova Scotia is offering $2,659,000 of Autocallable Contingent Coupon Trigger Notes linked to Netflix, Inc. common stock, maturing March 8, 2027. The notes pay a monthly contingent coupon of $9.25 per $1,000 (0.925%, up to 11.10% per year) only when Netflix’s closing price is at least 70% of the $79.94 initial price.

From August 2026 to February 2027, the notes are automatically called if Netflix closes at or above the initial price on a call observation date, returning $1,000 plus that month’s coupon. If not called and Netflix’s final price is at least 70% of the initial price, holders receive $1,000 plus the final coupon at maturity.

If the final price is below 70% of the initial price, investors receive Netflix shares worth less than 70% of principal (based on $1,000 divided by $79.94), with any fractional share paid in cash, and no final coupon. Investors face full principal risk as unsecured creditors of The Bank of Nova Scotia, and the initial estimated value is $967.07 per $1,000, below the issue price due to fees, funding and hedging costs.

The Bank of Nova Scotia is issuing $1,649,000 of autocallable contingent coupon buffered notes linked to the common stock of NVIDIA Corporation, maturing March 8, 2027.

Investors may receive monthly contingent coupons of $9.75 per $1,000 (0.975% monthly, up to 11.70% per year) only when NVIDIA’s closing price on an observation date is at or above 75% of the initial price of $180.34. The notes can be automatically called from August 2026 through February 2027 if NVIDIA’s price is at or above the initial level, returning principal plus the due coupon.

If the notes are not called and NVIDIA’s final price is below 75% of the initial price, repayment of principal is reduced one-for-one beyond a 25% buffer, with losses up to 75% of principal and no coupon. The notes are unsecured, unsubordinated obligations of The Bank of Nova Scotia, carry an original issue price of 100% and an initial estimated value of $984.87 per $1,000, and include a 0.65% underwriting/structuring fee, which, along with hedging costs, is expected to lower secondary market prices.

The Bank of Nova Scotia is offering unsecured Autocallable Contingent Coupon Trigger Notes linked to the common stock of GE Vernova Inc., maturing in March 2027. Each note has a $1,000 principal amount and pays a monthly contingent coupon of $11.75 (1.175%, up to 14.10% per annum) if on an observation date the stock closes at or above 56.00% of the initial price.

The notes may be automatically called starting in August 2026 if the stock closes at or above the initial price, returning $1,000 plus the applicable coupon. If not called and the final stock price is below 56.00% of the initial price, investors receive GE Vernova shares worth less than 56.00% of principal, leading to substantial or total loss. The initial estimated value is expected between $925.00 and $955.00 per $1,000, reflecting fees and hedging costs. The notes are not insured, will not be listed, and all payments depend on Scotiabank’s creditworthiness.

The Bank of Nova Scotia is offering senior unsecured Autocallable Contingent Coupon Trigger Notes linked to the common stock of NVIDIA Corporation, maturing in March 2027. The notes are not principal protected and all payments depend on the Bank’s credit.

For each $1,000 note, investors may receive monthly contingent coupons of $10.959 (about 1.0959% per month, up to roughly 13.15% per year) if NVIDIA’s share price on an observation date is at least 59.00% of the initial price. If on any call observation date from August 2026 to February 2027 NVIDIA closes at or above the initial price, the notes are automatically redeemed at $1,000 plus that month’s coupon.

If the notes are not called, the maturity payoff depends on NVIDIA’s final price. If the final price is at least 59.00% of the initial price, holders receive $1,000 plus the final coupon. If it is below 59.00%, holders receive shares of NVIDIA worth less than 59% of principal (or cash equivalent), resulting in a substantial or total loss of principal and no final coupon.

The notes will not be listed on an exchange. The initial estimated value is expected between $925.00 and $955.00 per $1,000, lower than the issue price due to internal funding, fees and hedging costs, which may also depress secondary market prices and liquidity.

The Bank of Nova Scotia is offering $17,805,750 of Trigger Autocallable Contingent Yield Notes linked to the worst performer of the Russell 2000 Index and the EURO STOXX 50 Index, maturing in February 2031. The notes pay an 8.30% per annum contingent coupon only if, on each quarterly observation date, both indices close at or above 70% of their initial levels. After 12 months, the notes are automatically called if both indices are at or above their initial levels, returning principal plus that period’s coupon.

If the notes are not called and, at maturity, either index is below 70% of its initial level, repayment is reduced one-for-one with the loss of the worst-performing index, and investors can lose their entire investment. The notes are senior unsecured obligations of BNS, not insured by CDIC or FDIC, not listed on any exchange, and were priced at $10 per note with an initial estimated value of $9.32. Minimum investment is 100 notes ($1,000).

The Bank of Nova Scotia is offering three Trigger Autocallable Contingent Yield Notes linked separately to Boeing, Goldman Sachs and Microsoft common stock. Each Note has a $10 principal amount and an approximate three-year term with quarterly observation dates and potential automatic call after six months.

Investors receive contingent coupons only when the stock closes at or above a preset barrier; rates are 10.00% per annum for Boeing and 9.00% per annum for both Goldman Sachs and Microsoft. If never called and the final stock level is below the downside threshold, repayment is reduced in line with the stock’s decline, up to total loss of principal. Any payments depend on BNS’s credit, and the Notes are not listed, may have limited liquidity and price volatility, and are initially valued below the $10 issue price due to selling, structuring and hedging costs.

The Bank of Nova Scotia is offering autocallable contingent coupon notes linked to Broadcom Inc. common stock, in $1,000 denominations, maturing in March 2027. Investors can receive monthly contingent coupons of $11.042 per $1,000 (about 13.25% per year) if Broadcom’s share price on each observation date is at least 56% of the initial price.

Beginning in August 2026, the notes are automatically called if Broadcom’s closing price on a call observation date is at or above the initial price, returning $1,000 plus that month’s coupon. If the notes are not called and the final price is at least 56% of the initial price, investors receive $1,000 plus the last coupon at maturity.

If the notes are not called and Broadcom’s final price is below 56% of the initial price, holders receive a share delivery amount of Broadcom stock worth less than 56% of principal, with no final coupon, resulting in substantial or total loss of investment. The notes are unsecured, unsubordinated obligations of BNS, not insured by CDIC or FDIC, will not be listed on an exchange, and may have limited or no secondary market. The initial estimated value is expected to be $925–$955 per $1,000, below the issue price, reflecting internal funding, commissions, structuring fees and hedging costs.

The Bank of Nova Scotia is issuing senior unsecured Autocallable Fixed Coupon Trigger Notes linked to Alphabet Inc.’s Class A common stock, maturing around March 25, 2027.

Investors receive fixed coupons of $7.709 per $1,000 each month (0.7709%, up to about 9.25% per year) until maturity or automatic call. The notes are automatically called, returning principal plus the coupon, if Alphabet’s share price on a call observation date is at or above the initial price.

If not called and the final price is at least 69% of the initial price, investors receive full principal back at maturity plus the final coupon. If the final price is below 69% of the initial price, holders receive Alphabet shares worth less than 69% of principal and can lose a substantial, or all, of their investment. The notes are not listed on an exchange, are not insured, and all payments depend on the creditworthiness of The Bank of Nova Scotia. The initial estimated value is expected between $925 and $965 per $1,000 of principal, below the original issue price.

The Bank of Nova Scotia is offering unsecured senior Autocallable Contingent Coupon Notes due February 9, 2029, linked to the common stock of JPMorgan Chase & Co. Each Note has a $1,000 principal amount and an original issue price of 100%.

The Notes can be automatically called if JPMorgan’s closing stock price on any call observation date is at or above the initial value, returning principal plus the applicable contingent coupon. If not called, investors receive contingent coupons of at least $20 per $1,000 (at least 8.00% per annum) only when JPMorgan’s price is at or above 70% of the initial value on the relevant observation dates.

At maturity, if the Notes were not called and JPMorgan’s final value is at or above 70% of the initial value, holders receive full principal. If it is below 70%, repayment is reduced one-for-one with JPMorgan’s decline, up to a total loss of principal. The initial estimated value is between $934.15 and $964.15 per $1,000, reflecting structuring, hedging costs and underwriting discounts of up to 2.00%.

The Bank of Nova Scotia is offering senior unsecured Autocallable Contingent Coupon Notes linked to the common stock of Apple Inc., maturing in February 2029, subject to an automatic call feature.

The notes pay a contingent coupon of at least 7.70% per annum when Apple’s closing value on an observation date is at or above 70% of the initial value; no coupon is paid otherwise. If the notes are not called and Apple’s final value is at or above the 70% barrier at maturity, investors receive principal back (plus any due coupon). If the final value is below the barrier, repayment is reduced one-for-one with Apple’s decline, up to a total loss of principal.

The notes are unsecured obligations of Scotiabank, not insured by CDIC or FDIC, and will not be listed. The initial estimated value per $1,000 note is expected to be between $937.47 and $967.47, reflecting structuring, distribution and hedging costs and an internal funding rate. Underwriting commissions may be up to 2.00%, with at least 98.00% of the issue price going to Scotiabank before costs.

The Bank of Nova Scotia is offering autocallable contingent coupon notes linked to Alphabet Inc. Class A shares, maturing in March 2027. The notes pay a monthly contingent coupon of $8.709 per $1,000 (0.8709%, about 10.45% per year) only if Alphabet’s closing price on each observation date is at least 69% of the initial price.

Starting in August 2026, the notes are automatically called if Alphabet’s price on a call observation date is at or above the initial price, returning $1,000 plus that month’s coupon. If not called and the final price is at least 69% of the initial price, holders get $1,000 plus the final coupon at maturity. If the final price is below 69% of the initial price, investors receive Alphabet shares worth less than 69% of principal, with no final coupon, and can lose most or all of their investment.

The notes are unsecured, unsubordinated obligations of The Bank of Nova Scotia, not listed on an exchange, and their value is affected by the bank’s credit, hedging, fees and secondary-market pricing. The initial estimated value is expected between $925 and $955 per $1,000, below the 100% issue price.

The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the common stock of GE Vernova Inc., maturing on or about March 23, 2027. These unsecured senior notes pay a monthly contingent coupon of $11.75 per $1,000 (1.175% per month, up to 14.10% per year) only when GE Vernova’s share price on an observation date is at or above 56% of the initial price.

The notes are automatically called if, on specified observation dates from August 2026 to February 2027, the share price is at or above the initial price, in which case investors receive $1,000 plus the applicable coupon and the note terminates. If the notes are not called, principal is fully repaid at maturity only if the final share price is at or above the 56% trigger level. If the final price is below 56% of the initial price, repayment is reduced 1% for each 1% decline from the initial price, and investors can lose up to their entire investment.

The initial estimated value is expected to be between $925 and $955 per $1,000 principal, reflecting structuring and distribution costs and internal funding rates. Payments depend entirely on the creditworthiness of The Bank of Nova Scotia and are not insured by CDIC, FDIC, or any other deposit insurer. The notes will not be listed on any securities exchange.

The Bank of Nova Scotia is offering $24,000,000 of senior unsecured structured notes that pay a contingent monthly coupon of $16 per $1,000 (19.20% per annum) linked to the iShares Bitcoin Trust ETF (IBIT).

Coupons are paid only if IBIT’s closing price on a determination date is at least 80% of the initial share price of $47.49 (the downside threshold of $37.992), with a memory feature that can recapture missed coupons. If IBIT is at or above 100% of the initial price on any non-final determination date, the notes auto-call and return principal plus the due coupon(s). If held to maturity on February 5, 2027 and IBIT ends below the downside threshold, investors lose 1.25% of principal for each 1% IBIT falls below the threshold, up to a total loss of principal. The notes are not listed, have an estimated value of $978.53 per $1,000 at pricing, and all payments depend on BNS’s creditworthiness.

The Bank of Nova Scotia is offering unsecured Digital Notes linked to the common stock of Broadcom Inc. The notes run about 13 to 15 months, pay no interest, and all returns come at maturity based on Broadcom’s share performance.

For each $1,000 note, if the final Broadcom price is at least 80% of the initial price, investors receive a fixed maximum payment expected between $1,200 and $1,235.20, capping upside. If the final price falls more than 20% below the initial price, losses are magnified at 1.25% for every 1% drop beyond that level, up to a total loss of principal.

The notes are senior unsecured obligations of Scotiabank, are not insured, and will not be listed on an exchange. The initial estimated value is expected between $937.34 and $967.34 per $1,000, reflecting fees, hedging costs, and the bank’s internal funding rate, which can depress secondary-market prices.

The Bank of Nova Scotia is issuing $8,696,000 in Autocallable Contingent Coupon Trigger Notes linked to the Class C common stock of Dell Technologies Inc., maturing March 5, 2027. The notes pay a monthly contingent coupon of $11.084 per $1,000 (1.1084%) if Dell’s share price on an observation date is at least 58% of the $119.16 initial price.

The notes can be automatically called starting in August 2026 if Dell closes at or above the initial price, returning $1,000 plus the coupon. If not called and Dell’s final price is below 58% of the initial price, investors receive Dell shares worth less than 58% of principal and no coupon, risking a loss of all or a substantial portion of their investment. All payments depend on Scotiabank’s credit.

The Bank of Nova Scotia is offering $3,477,000 of digital notes linked to the Russell 2000 Index, maturing on February 12, 2027. The notes pay no interest and all returns come from index performance.

If the index’s final level on February 10, 2027 is at least 90% of the initial level of 2,640.284, holders receive a fixed $1,102.50 per $1,000 principal, capping upside at 10.25%. If the final level falls more than 10% below the initial level, principal losses accelerate at about 1.1111% for every additional 1% index decline, up to a 100% loss.

The notes are unsecured, unsubordinated obligations of The Bank of Nova Scotia, not insured by Canadian or U.S. deposit insurance. The original issue price is 100% of principal, including 0.89% in underwriting commissions, while the initial estimated value is $987.20 per $1,000, reflecting internal funding and hedging costs.

The Bank of Nova Scotia is offering Capped Enhanced Participation Basket-Linked Notes tied to a weighted equity index basket across the Eurozone, Japan, the U.K., Switzerland and Australia. The notes pay no interest and are unsecured, unsubordinated obligations of the bank.

At maturity, investors receive $1,000 plus 200% of any positive basket return, capped by a maximum payment amount expected between $1,307.80 and $1,361.00 per $1,000 note. If the basket is flat, only principal is repaid. If the basket falls, losses match the negative basket return and can reach 100% of principal.

The initial basket level is set to 100, with weights of 38.00% EURO STOXX 50, 26.00% TOPIX, 17.00% FTSE 100, 11.00% Swiss Market Index and 8.00% S&P/ASX 200. The initial estimated value is expected between $941.93 and $971.93 per $1,000, below the 100% issue price, reflecting fees, hedging costs and the bank’s internal funding rate. The notes will not be listed, dividends on underlying stocks are forgone, and any payment depends on Scotiabank’s creditworthiness.

The Bank of Nova Scotia is offering unsecured Autocallable Contingent Coupon Trigger Notes linked to NVIDIA Corporation stock, maturing April 1, 2027. These notes pay a monthly contingent coupon of $10.125 per $1,000 (1.0125% monthly, up to 12.15% per year) only if NVIDIA’s share price is at least 58% of the initial price on each observation date.

The notes can be automatically called starting in August 2026 if NVIDIA’s price is at or above the initial price, returning $1,000 per note plus that month’s coupon. If they are not called and the final price is below 58% of the initial price, investors receive NVIDIA shares (or cash equivalent) worth less than 58% of principal, creating potential for substantial loss. Payments depend entirely on Scotiabank’s creditworthiness, and the initial estimated value of each $1,000 note is expected to be $925–$965, below issue price due to fees, structuring and hedging costs.

The Bank of Nova Scotia is offering $21,993,800 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and EURO STOXX 50 Index, maturing on February 7, 2036. Each Note has a $10 principal amount and pays a contingent coupon at an annual rate of 7.75% (about $0.1938 per quarter) only if on each observation date both indices close at or above their coupon barriers, set at 75% of their initial levels.

The Notes are automatically called on any quarterly observation date after 12 months if both indices are at or above their initial levels, returning principal plus the applicable coupon, with no further payments. If the Notes are not called and, at maturity, both indices are at or above their downside thresholds (also 75% of initial levels), investors receive full principal. If any index finishes below its downside threshold, repayment is reduced in line with the decline of the worst-performing index, and investors can lose all of their principal.

The initial estimated value is $9.04 per $10 Note, below the issue price, reflecting structuring, hedging and distribution costs. The Notes are unsecured senior debt of Scotiabank, not insured by Canadian or U.S. deposit insurance, not bail-inable under the CDIC Act, will not be listed on any exchange, and all payments depend on BNS’s creditworthiness.

The Bank of Nova Scotia is offering preliminary Autocallable Fixed Coupon Trigger Notes linked to the common stock of Broadcom Inc., maturing in March 2027. The notes pay fixed coupons of $9.584 per $1,000 monthly (about 11.50% per annum), regardless of Broadcom’s share performance, until they are called or mature.

The notes may be automatically called on specified observation dates starting August 2026 if Broadcom’s closing price is at or above the initial price. In that case, investors receive $1,000 plus the coupon and no further payments.

If not called, the maturity payout depends on Broadcom’s final price. If it is at least 56% of the initial price, investors receive $1,000 in cash plus the final coupon. If it is below 56%, investors receive shares of Broadcom (or cash equivalent) worth less than 56% of principal, meaning a substantial or total loss of principal is possible. The notes are unsecured, unsubordinated obligations of The Bank of Nova Scotia, with all payments subject to its credit risk.

The initial estimated value is expected to be between $925 and $955 per $1,000 principal, lower than the issue price due to internal funding rates, hedging costs, underwriting commissions and structuring fees. The notes will not be listed, and any secondary market, if available, may be limited and at prices below the issue price.

The Bank of Nova Scotia is offering senior unsecured market-linked notes that are auto-callable and tied to the worst performer among AvalonBay Communities, BXP and Equity Residential common stocks. The notes pay no interest, do not guarantee principal, and all payments depend on the Bank’s credit.

If, about one year after issuance, the lowest performing stock is at or above its starting price, the notes are automatically called for $1,000 plus a call premium of at least 41%. If not called, at maturity investors receive 150% of any positive return of the worst stock, full principal if its decline is within 20%, and one-for-one losses beyond an 80% threshold, potentially losing all principal.

The original offering price is $1,000 per note, with dealer discounts of up to 2.575%, and the Bank’s estimated value is between 88.000% and 88.117% of face, reflecting selling costs and hedging profits. The securities are not listed, may have limited liquidity, and embed complex tax and sector-specific real estate risks.

The Bank of Nova Scotia is issuing $317,000 in Autocallable Contingent Coupon Trigger Notes linked to the VanEck Semiconductor ETF (SMH), maturing on May 5, 2027. Each note has a $1,000 principal amount and pays conditional interest instead of fixed coupons.

Holders can earn a quarterly contingent coupon of 3.1875% (up to 12.75% per year) if SMH’s closing price on an observation date is at least 70% of the initial price of $403.46. If SMH is below this barrier, no coupon is paid for that period.

The notes are autocallable starting July 2026: if SMH is at or above the initial price on a call observation date, investors receive $1,000 plus the due coupon and the notes terminate early. If not called and SMH finishes below 70% of the initial price at maturity, principal loss is 1% for every 1% decline from the initial price, up to a total loss.

The notes are unsecured, unsubordinated obligations of Scotiabank, not listed on an exchange, and carry the bank’s credit risk. The initial estimated value is $970.48 per $1,000, below the issue price, reflecting structuring fees, dealer compensation and hedging costs.

The Bank of Nova Scotia is offering $20,137,000 of Contingent Income Auto-Callable Securities due February 2, 2029, linked to the common stock of Vertiv Holdings Co. These are senior unsecured notes under BNS’ Series A program and are principal-at-risk securities.

Investors may receive a contingent quarterly coupon of $41.275 per $1,000 note (16.51% per year) for each determination date on which Vertiv’s closing price is at or above the downside threshold of $93.09, equal to 50% of the $186.18 initial share price. Missed coupons can be paid later under a “memory” feature if the threshold is met on a future date.

If on any non-final determination date Vertiv closes at or above the call threshold of $186.18, the notes auto-call and pay back the $1,000 principal plus the due coupon and any unpaid past coupons, with no further payments. If held to maturity and the final share price is at or above the downside threshold, investors receive principal plus the applicable coupon and any unpaid coupons.

If the final share price is below the downside threshold, repayment is $1,000 multiplied by the share performance factor (final price ÷ initial price), resulting in less than 50% of principal and possibly zero. Investors do not participate in any stock upside beyond coupons, forgo dividends, face limited liquidity, and are fully exposed to BNS credit risk. The estimated value on the pricing date is $961.20 per $1,000, below the issue price due to commissions, structuring and hedging costs.

The Bank of Nova Scotia is offering $7,703,000 in Autocallable Contingent Coupon Trigger Notes linked to the common stock of UnitedHealth Group Incorporated, maturing March 4, 2027.

The notes pay a monthly contingent coupon of $9.209 per $1,000 (0.9209%, about 11.05% per year) only when UnitedHealth’s share price on an observation date is at least 69% of the initial price of $286.93. Beginning in July 2026, the notes are automatically called if the stock closes at or above the initial price on specified call observation dates, returning $1,000 plus the applicable coupon.

If the notes are not called and the final price is below 69% of the initial price, investors lose principal one-for-one with the stock’s decline and can lose their entire investment. The notes are unsecured, unsubordinated obligations of The Bank of Nova Scotia, are not insured by CDIC or FDIC, and will not be listed on any exchange. The initial estimated value is $971.54 per $1,000, below the issue price, reflecting fees, hedging costs and the bank’s internal funding rate.

The Bank of Nova Scotia is offering $3,762,000 of Buffered Enhanced Participation Notes linked to the least performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, maturing on February 3, 2028.

The notes pay no interest and the payoff depends on performance between January 30, 2026 and January 31, 2028. If both reference assets finish above their initial levels, holders receive principal plus 153% of the gain of the worst performer. If any finishes at or below its initial level but at least 90% of it, investors receive only their $1,000 principal per note.

If any reference asset closes below 90% of its initial level, principal is reduced dollar-for-dollar beyond the 10% buffer, with losses up to 90%. The notes are unsecured obligations subject to Scotiabank’s credit risk, will not be listed on an exchange, and have an initial estimated value of $966.40 per $1,000, below the issue price due to fees, funding and hedging costs.

The Bank of Nova Scotia is offering $2,061,000 of autocallable trigger notes linked to the Nasdaq-100 Index and Russell 2000 Index, maturing February 3, 2028. The notes pay no interest and are unsecured, unsubordinated obligations of the bank.

The notes may be automatically called on February 1, 2027 if both indices are at or above their initial levels, paying $1,143 per $1,000 note (a 14.30% premium). If not called, investors get 250% of the positive return of the worst-performing index, principal back if both stay at or above 75% of initial levels, and one-for-one losses below that threshold, risking up to full principal loss. The initial estimated value is $960.58 per $1,000, below the issue price, and the notes will not be exchange-listed.

The Bank of Nova Scotia is offering $941,000 of senior unsecured digital notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, maturing on February 3, 2028.

The notes pay no interest. At maturity, investors receive $1,110 per $1,000 principal (an 11.1% cap) if the final level of both indices is at or above their initial levels (2,613.743 for Russell 2000 and 6,939.03 for S&P 500). If either index finishes below its initial level, the payoff is limited to principal only, so the return is zero before inflation.

The notes are unsecured obligations subject to Scotiabank’s credit risk, are not insured, and will not be listed on an exchange, so liquidity may be limited. The bank’s initial estimated value is $978.13 per $1,000 note, below the $1,000 issue price, reflecting fees, hedging costs and internal funding. Underwriting commissions are 0.50%, and net proceeds to the bank are $936,295.

The Bank of Nova Scotia is offering $2,831,000 of Capped Buffered Enhanced Participation Notes linked to the Russell 2000 Index, maturing November 4, 2027. The notes pay no interest and all return depends on the index level on the November 1, 2027 valuation date.

Holders get 150% of any positive index return, capped at a maximum payment of $1,225 per $1,000 note, which is reached if the index rises 15% or more. A 10% downside buffer protects against moderate declines, but beyond that investors lose 1% of principal for each additional 1% index drop, up to a 90% loss. Initial estimated value is $971.19 per $1,000, below issue price, and all payments depend on Scotiabank’s credit.

The Bank of Nova Scotia is offering $17,036,000 of senior unsecured “Contingent Income Auto-Callable Securities” due February 2, 2029, linked to Advanced Micro Devices, Inc. (AMD) common stock. Each $1,000 security can pay a quarterly contingent coupon of $36.75, equivalent to 14.70% per annum, but only when AMD’s closing price on a determination date is at or above the downside threshold of $118.365, which is 50% of the initial share price of $236.73.

The notes auto-call at par plus coupon if AMD closes at or above 100% of the initial share price ($236.73) on any non-final determination date, ending all future payments. If held to maturity and AMD finishes below the downside threshold, repayment is reduced 1‑for‑1 with AMD’s decline and can fall to zero, so principal is fully at risk. The securities are unsecured obligations of BNS, carry BNS credit risk, are not listed, and have an estimated initial value of $963.10 per $1,000, below the issue price.

The Bank of Nova Scotia is offering $887,000 of Capped Buffered Index‑Linked Notes tied to the worst performer of the Russell 2000 and S&P 500, maturing August 4, 2027. The notes pay no interest and all value comes from index performance between January 30, 2026 and July 30, 2027.

Investors get 120% participation in the worst index’s gain, but returns are capped at $1,267.50 per $1,000. If the worst index finishes between 90% and 100% of its start, investors earn a positive return on the absolute decline. Below 90%, losses match the drop beyond the 10% buffer, up to 90% of principal.

The notes are unsecured senior obligations of Scotiabank, with repayment fully exposed to the bank’s credit risk. They are not listed, do not pay dividends, and exclude index dividend income. The bank’s initial estimated value is $968.50 per $1,000, below the issue price due to fees, funding spread and hedging costs.

The Bank of Nova Scotia is issuing $1,955,000 of Buffered Index-Linked Notes tied to the S&P 500® Index, maturing on May 5, 2027. The notes pay no interest and are unsecured, unsubordinated obligations of the bank.

At maturity, each $1,000 note pays based on index performance from January 30, 2026 to April 30, 2027. Upside is capped at a maximum payment of $1,120 per $1,000 (a 12% gain). If the index is down by up to 10%, investors gain the same amount in absolute terms. Below a 10% decline, losses match the drop beyond that buffer, up to a 90% loss of principal.

The initial S&P 500® level is 6,939.03. The initial estimated value is $982.81 per $1,000 due to internal funding and structuring fees. The notes will not be listed, may have limited liquidity, and all payments depend on Bank of Nova Scotia’s creditworthiness.

The Bank of Nova Scotia is offering digital notes linked to the S&P 500® Index under its Senior Note Program, Series A. These unsecured notes pay no interest and have a term expected to be about 27 to 30 months.

At maturity, investors receive a capped payment if the index final level is at or above 85% of its initial level, with a maximum payment amount expected between $1,165.20 and $1,194.30 per $1,000. Below the 85% threshold, losses accelerate, with about 1.1765% loss for every 1% index drop beyond 15%, up to total loss of principal.

The notes are not insured by Canadian or U.S. deposit insurers, will not be listed on any exchange, and any payment depends on the creditworthiness of The Bank of Nova Scotia. The initial estimated value is expected between $957.50 and $987.50 per $1,000, less than the original issue price.

The Bank of Nova Scotia is offering Trigger Autocallable Notes linked to the EURO STOXX 50® Index, maturing on or about February 11, 2031. Each Note has a $10 principal amount and a term of about five years, unless called earlier.

The Notes may be automatically called quarterly after 12 months if the index closing level is at or above the initial level. If called, investors receive the call price, equal to principal plus a call return based on an annual rate of 8.55%–9.55%, increasing the longer the Notes remain outstanding, and no further payments.

If not called and the final index level is at or above 75% of the initial level, investors receive only their $10 principal. If the final level is below the 75% downside threshold, repayment is reduced dollar-for-dollar with the index decline, and investors can lose their entire investment. The Notes pay no coupons or dividends, are unsecured obligations of BNS, not insured, and will not be listed on any exchange.

The initial estimated value is expected to be between $9.27 and $9.57 per $10 Note, lower than the issue price due to selling, structuring and hedging costs. Returns depend on EURO STOXX 50® performance and BNS creditworthiness, and investors face significant market, liquidity, tax and credit risks.

The Bank of Nova Scotia is offering $4,642,000 of autocallable contingent coupon trigger notes linked to Advanced Micro Devices, Inc. stock, maturing March 4, 2027. The notes pay a $13 monthly coupon per $1,000 (1.30%) only when AMD’s closing price is at least 55% of the $236.73 initial price.

The notes are automatically called if AMD is at or above the initial price on observation dates from July 2026 through January 2027, returning $1,000 plus the coupon. If not called, investors receive $1,000 plus the final coupon if AMD is at or above 55% of the initial price at final valuation; otherwise principal is reduced one-for-one with AMD’s decline, up to a total loss. The notes are unsecured obligations of The Bank of Nova Scotia, are not listed on an exchange, and had an initial estimated value of $969.73 per $1,000.

The Bank of Nova Scotia is offering unsecured Autocallable Contingent Coupon Buffer Notes with Memory Coupon linked to the common stock of NVIDIA Corporation, maturing on February 24, 2027, in $1,000 denominations with a minimum investment of $10,000.

The notes pay a contingent coupon of at least $52.60 per $1,000 on scheduled dates only if NVIDIA’s closing value is at or above 80% of the Initial Value; missed coupons may be “remembered” and paid later if a future barrier is met. The notes are automatically called, returning principal plus due coupons, if NVIDIA is at or above the Initial Value on any observation date.

If the notes are not called and NVIDIA’s final value is at least 80% of the Initial Value, investors receive full principal back plus any due coupons. If the final value falls below this buffer, investors lose 1.25% of principal for each 1% decline beyond the 20% buffer and can lose up to 100% of principal. The initial estimated value is expected between $953.08 and $983.08 per $1,000, below the 100% original issue price. The notes are not insured, are subject to Scotiabank’s credit risk, and will not be listed on an exchange.

The Bank of Nova Scotia is offering senior unsecured Dual Directional Capped Buffered Notes linked to the S&P 500® Index, maturing on February 10, 2028. Each Note has a $1,000 principal amount, sold at 100% of principal, with a minimum investment of $10,000.

If the index ends at or above its Initial Value, investors receive the index’s positive return, capped at a Maximum Upside Return of at least 17.05%. If the Final Value is below the Initial Value but at or above 80% of it, investors earn the absolute value of the decline, up to $1,200 per Note. If the index falls below 80% of the Initial Value, investors lose 1.25% of principal for each 1% drop beyond the 20% buffer and can lose their entire investment.

The Notes pay no interest, are not insured by CDIC or FDIC, will not be listed on an exchange, and all payments depend on the credit of the Bank. The initial estimated value is expected to be $949.92–$979.92 per $1,000, below the Original Issue Price, reflecting structuring, hedging and distribution costs.

The Bank of Nova Scotia is offering senior unsecured Market Linked Securities tied to the lowest performing of Datadog, Intel, Oracle and UnitedHealth Group common stocks. Each security has a $1,000 face amount and matures in February 2029, unless automatically called earlier.

Investors may receive a monthly contingent coupon at a rate of at least 24.95% per annum if, on each calculation day, the lowest performing stock is at or above 50% of its starting price. Missed coupons can be paid later if the test is met, but all coupons are fully contingent.

From August 2026 to January 2029, the notes are auto‑callable at par plus applicable coupons if the lowest performing stock is at or above its starting price. If not called, principal is protected only if the final price of the lowest performer is at or above 50% of its starting price; otherwise, repayment is $1,000 times its performance factor, so losses can exceed 50% and reach 100%.

The Bank’s estimated value is $908.82–$938.82 per $1,000 security, below the original offering price due to selling costs and hedging profits. The notes are not insured, carry full credit risk of The Bank of Nova Scotia, will not be listed on an exchange, and may have limited or no secondary market liquidity.

The Bank of Nova Scotia is offering Trigger Autocallable GEARS, senior unsecured notes linked to the Nikkei 225® Index, with a term of approximately five years, maturing on or about February 18, 2031. Each Security has a principal amount of $10, with a minimum investment of $1,000.

The notes do not pay interest. If on the February 22, 2027 observation date the index closes at or above its initial level, the notes are automatically called and pay $11.80 per Security, reflecting an 18.00% call return, and then terminate. If not called, at maturity investors receive enhanced upside equal to the index gain multiplied by an upside gearing of 1.55–1.75. If the index is flat or down but at or above 75% of the initial level, principal is repaid. If it finishes below that downside threshold, repayment is reduced one-for-one with the index loss and investors can lose up to their entire investment. All payments depend on BNS’s credit and the notes are not insured or exchange-listed.

The Bank of Nova Scotia is offering unsecured Autocallable Digital Buffer Notes linked to Microsoft common stock, with a $1,000 Principal Amount per note and a minimum investment of $10,000. Any payments depend on both Microsoft’s share performance and the Bank’s creditworthiness.

The notes can be automatically called in February 2027 if Microsoft’s closing price is at least 100% of its initial value, paying back principal plus a call premium of at least $142.90 per note. If not called and held to February 2028, investors receive the greater of a fixed digital return of at least 28.58% or Microsoft’s positive price return, if the final share value is at or above the initial value.

The structure includes a 15% downside buffer: if Microsoft’s final value is between 85% and 100% of the initial level, investors receive principal only. Below 85%, losses accelerate at about 1.1765% of principal for each additional 1% decline, up to a total loss. The notes pay no interest, are not insured, will not be listed on an exchange, and the Bank’s initial estimated value ($950.35–$980.35 per $1,000) is below the original issue price.

The Bank of Nova Scotia is offering unsecured, unsubordinated capped notes linked to the shares of the SPDR® Gold Trust, maturing on February 24, 2027. The notes have a principal amount of $1,000 per note, with a minimum investment of $10,000.

At maturity, investors participate in the price return of the SPDR Gold Trust: gains are fully reflected but capped at a Maximum Return of at least 13.66%, while losses are passed through 1-for-1 down to a minimum payment of $950 per note, limiting downside to a 5% loss of principal. The notes pay no interest or coupons and all payments occur at maturity.

The initial estimated value is expected between $957.51 and $987.51 per $1,000, below the 100% issue price, reflecting structuring, distribution and hedging costs. The notes are not bail-inable, not insured by CDIC or FDIC, will not be listed on an exchange, and expose holders to both gold price volatility (via GLD) and the credit risk of The Bank of Nova Scotia.