Bank of Nova Scotia 424B Filings

The Bank of Nova Scotia issued an addendum for its Capped Trigger Participation Notes linked to the S&P 500® Equal Weight Index and due October 5, 2028. The addendum confirms that the initial level of the index for these notes is 7,373.49, which was the lowest closing level during the observation period and corresponds to the closing level on November 20, 2025. The notes are unsecured and are not insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation, or any other government agency. Investors are directed to multiple related supplements and prospectuses for detailed risk factors and full terms.

The Bank of Nova Scotia is issuing $5,080,000 of Autocallable Contingent Coupon Notes due January 4, 2029, linked to Amazon.com, Inc. common stock. These unsecured senior notes pay a contingent coupon of $27.875 per $1,000 note (11.15% per annum) only if Amazon’s stock on each observation date is at or above a barrier of $162.77, which is 70% of the initial value of $232.53. The notes may be automatically called on quarterly observation dates if the stock closes at or above the initial value, returning principal plus the applicable coupon and ending the investment early. If not called and Amazon’s final value is at or above the barrier, investors receive full principal back; if it is below the barrier, repayment is reduced one-for-one with the stock’s loss and up to 100% of principal can be lost. The initial estimated value is $969.30 per $1,000, below the issue price, and all payments are subject to the credit risk of The Bank of Nova Scotia.

The Bank of Nova Scotia is offering $267,000 of Capped Barrier Return Enhanced Notes linked to the Russell 2000® Index, maturing on February 18, 2027. Each Note has a $1,000 principal amount and provides 200.00% participation in any positive index performance, capped at a Maximum Return of 15.50%, so the maximum payment is $1,155 per Note.

If the final index value is at or below the initial value but at or above the Barrier Value of 2,125.498 (85.00% of the Initial Value of 2,500.586), investors receive only their $1,000 principal. If the final value falls below the Barrier, repayment is reduced one‑for‑one with the index loss and investors can lose up to 100% of principal.

The Notes pay no interest or dividends, are unsecured and unsubordinated obligations of the Bank, and are not insured by CDIC or FDIC. The initial estimated value is $972.18 per $1,000, below the issue price, reflecting dealer compensation, funding and hedging costs. The Notes will not be listed, and any secondary market making by affiliates is discretionary.

The Bank of Nova Scotia is issuing $714,000 of Capped Barrier Return Enhanced Notes linked to the S&P 500® Index, maturing on January 4, 2029. Each Note has a $1,000 principal amount and was sold at 100% of principal, with 2.50% underwriting commissions and 97.50% of proceeds to the Bank.

The Notes pay no interest and all payments occur at maturity. If the S&P 500® Final Value is above the Initial Value of 6,896.24, investors receive 200% of the index gain, capped at a Maximum Return of 31.00%, or $1,310 per $1,000 Note. If the Final Value is between the Initial Value and the Barrier Value of 5,861.80 (85% of the Initial Value), investors receive principal back.

If the Final Value is below the Barrier Value, repayment is reduced one-for-one with the index loss, and investors can lose up to 100% of principal. The Notes are unsubordinated, unsecured obligations of the Bank, are not insured by the CDIC or FDIC, will not be listed on an exchange, and their value and liquidity depend on market conditions and the Bank’s creditworthiness. The initial estimated value was $969.20 per $1,000 Note.

The Bank of Nova Scotia is issuing $1,559,000 of unsecured Autocallable Contingent Coupon Notes due January 2, 2029, linked to the common stock of Adobe Inc. Each Note has a $1,000 principal amount and was sold at 100% of principal, with net proceeds to the Bank of 98% after underwriting.

The Notes can be automatically called if Adobe’s closing price on a Call Observation Date is at or above the Initial Value of $352.51, in which case investors receive $1,000 plus a contingent coupon and no further payments. If not called, investors may receive a contingent coupon of $36.25 per Note (14.50% per annum) on specified dates only when Adobe’s price is at or above the barrier of $282.01, which is also the protection level at maturity. If the Final Value is below $282.01, repayment is reduced one-for-one with Adobe’s decline from the Initial Value, and investors can lose up to 100% of principal. The initial estimated value is $969.60 per $1,000, below the issue price, and the Notes will not be listed or insured.

The Bank of Nova Scotia is offering $4,994,000 of unsecured Autocallable Contingent Coupon Notes linked to the common stock of Chipotle Mexican Grill, Inc. The notes pay a contingent coupon of $39.75 per $1,000 (15.90% per annum) on scheduled dates only if Chipotle’s share price is at or above a barrier set at 70% of the initial value.

The notes can be automatically called on quarterly observation dates if Chipotle’s stock closes at or above the initial value, returning principal plus the applicable coupon and ending the investment early. If the notes are not called and the final stock value is below the 70% barrier, repayment is reduced one‑for‑one with the stock’s decline and investors can lose their entire principal.

The notes are senior unsecured obligations of the Bank, are not insured by Canadian or U.S. deposit insurers, will not be listed on an exchange, and had an initial estimated value of $972.46 per $1,000, below the issue price, reflecting selling, structuring and hedging costs.

The Bank of Nova Scotia is offering senior unsecured market-linked securities tied to the common stock of Tesla, Inc. Each security has a $1,000 face amount and pays a fixed monthly coupon at a rate to be set on the pricing date, but at least 15.35% per annum, until automatic call or maturity in January 2027.

The notes can be automatically called on monthly dates from July to December 2026 if Tesla’s stock closes at or above the starting price, in which case investors receive $1,000 plus a final coupon. If the notes are not called and Tesla’s final stock price is at least 60% of the starting price, investors receive $1,000 at maturity; if it is below 60%, repayment is reduced in line with the stock decline, so more than 40% and up to all principal can be lost.

Investors do not participate in any stock gains and receive no dividends, so all potential return comes from coupons. The bank’s estimated value is between 94.682% and 97.682% of the $1,000 offering price per security. The notes are complex, subject to the credit risk of The Bank of Nova Scotia, not insured, and are not expected to be listed, which may limit liquidity.

The Bank of Nova Scotia is offering $1,606,000 of autocallable contingent coupon notes due January 4, 2029, linked to the common stock of NVIDIA Corporation. Each note has a $1,000 principal amount and can pay a contingent coupon of $36.00 per note (14.40% per annum) if NVIDIA’s closing value on a scheduled observation date is at or above a barrier level.

The notes may be automatically called on quarterly observation dates if NVIDIA’s stock closes at or above the initial value of $187.54, in which case investors receive $1,000 plus the applicable coupon and the notes terminate early. If the notes are not called and NVIDIA’s final value is at or above the barrier of $112.52 (60% of the initial value), investors receive full principal back; if it is below the barrier, repayment is reduced one-for-one with NVIDIA’s loss, up to a full loss of principal. The notes are unsecured, unsubordinated obligations of the Bank, carry credit risk, are not insured, and had an initial estimated value of $964.09 per $1,000, below the 100% issue price, reflecting fees, hedging and funding costs.

The Bank of Nova Scotia is offering $303,000 of Capped Barrier Return Enhanced Notes linked to the Nasdaq-100 Index®. Each Note has a $1,000 Principal Amount and matures on January 4, 2029, with no interest or coupon payments before maturity.

At maturity, if the Nasdaq-100 Final Value is above the Initial Value of 25,462.56, investors receive $1,000 plus 200.00% of the index gain, capped at a Maximum Return of 37.40%, or $1,374 per Note. If the Final Value is at or below the Initial Value but at or above the Barrier Value of 21,643.18 (85.00% of the Initial Value), investors receive back only the $1,000 principal.

If the Final Value is below the Barrier Value, repayment is reduced 1% for every 1% index decline from the Initial Value, and investors can lose up to 100% of principal. The Notes are unsecured, unsubordinated obligations of the Bank, subject to its credit risk, will not be listed on an exchange, and may have limited or no secondary market. The initial estimated value is $963.02 per $1,000 Note, below the issue price, reflecting fees, structuring and hedging costs.

The Bank of Nova Scotia is offering senior unsecured Autocallable Contingent Coupon Trigger Notes linked to the common stock of NVIDIA Corporation, expected to mature on February 18, 2027. These derivative notes pay a monthly contingent coupon of $10.50 per $1,000 (1.05% per month, up to 12.60% per year) only if NVIDIA’s closing price on the relevant observation date is at least 59.00% of the initial price. Beginning in July 2026, the notes will be automatically called if NVIDIA’s price is at or above the initial price on a call observation date, in which case investors receive $1,000 plus the applicable coupon and the notes terminate early.

If the notes are not called and NVIDIA’s final price on the February 2027 valuation date is at least 59.00% of the initial price, investors receive $1,000 plus the final coupon. If the final price is below that trigger, investors receive NVIDIA shares (or cash equivalent) worth less than 59.00% of principal and no coupon, meaning substantial or total loss of principal is possible. Payments depend on the credit of The Bank of Nova Scotia. The bank’s initial estimated value is expected to be $925–$955 per $1,000, reflecting embedded costs, commissions and hedging.

The Bank of Nova Scotia is issuing $2,600,000 of unsecured Autocallable Contingent Coupon Notes due January 4, 2029, linked to the common stock of Apple Inc. Each Note has a $1,000 principal amount and an original issue price of 100% of principal, with a minimum investment of $1,000.

The Notes pay a contingent coupon of $17.50 per Note per period (7.00% per annum) only if Apple’s closing value on a Contingent Coupon Observation Date is at or above the Contingent Coupon Barrier Value of $191.16, which is 70% of the Initial Value of $273.08. The same level is the Barrier Value for principal protection at maturity. The Notes are automatically called if Apple’s closing value on any Call Observation Date is at or above the Initial Value, returning principal plus the applicable coupon. If not called and the Final Value is below the Barrier Value, repayment is reduced one-for-one with Apple’s decline and investors may lose up to 100% of principal. The initial estimated value is $969.46 per $1,000, they are not CDIC/FDIC insured, and will not be listed on any exchange.

The Bank of Nova Scotia is offering $2,145,000 of senior, unsecured Autocallable Contingent Coupon Notes due January 2, 2029, linked to the common stock of Starbucks Corporation. Each Note has a $1,000 Principal Amount and was priced at 100% of principal, with proceeds to the Bank of 98% after underwriting discounts.

The Notes may be automatically called if Starbucks’ closing price on any Call Observation Date is at or above the Initial Value of $85.25, paying back principal plus the scheduled Contingent Coupon. If not called, investors receive a Contingent Coupon of $39.375 per Note (15.75% per annum) for any Observation Date on which the stock closes at or above the Barrier and Contingent Coupon Barrier Value of $68.20, but no coupon otherwise.

If the Notes are not called and the Final Value is below $68.20, repayment at maturity is reduced one-for-one with Starbucks’ price decline from the Initial Value, and investors can lose up to 100% of principal. Payments are subject to the credit risk of the Bank, the Notes are not insured, will not be listed, and the initial estimated value of $965.29 per $1,000 is below the issue price.

The Bank of Nova Scotia is offering $1,000,000 of Amazon.com, Inc. stock-linked “Jump Securities” maturing on January 8, 2027. Each note has a $1,000 stated principal amount, pays no coupons, and offers a fixed upside payment of $266.10 per security (26.61%) if the final Amazon share price on the valuation date is at or above the initial share price of $232.52.

If the final share price is below the initial share price, investors lose 1% of principal for every 1% decline in the stock, with no minimum payment, so losses can reach 100%. The notes are senior unsecured debt of BNS, fully subject to its credit risk, are not listed on any exchange, and may have limited liquidity. The issue price is $1,000 per note, while the estimated value on the pricing date is $983.70, reflecting selling, structuring and hedging costs borne by investors.

The Bank of Nova Scotia is offering $12,000,000 of Buffered Contingent Income Auto-Callable Securities linked to the common stock of NIKE, Inc., maturing on December 31, 2026. These principal-at-risk notes can pay a contingent monthly coupon of $12.80 per $1,000 (equivalent to 15.36% per annum) for each month in which NIKE’s closing price is at or above 85% of the initial share price ($48.739). Missed coupons can be paid later under the memory feature if the barrier is later met.

The notes are auto-callable at par plus the applicable coupon (including unpaid coupons) if NIKE closes at or above the call threshold of 100% of the initial share price ($57.34) on any non-final determination date. If held to maturity and NIKE is at or above the downside threshold, investors receive par plus the final coupon and any unpaid coupons. If NIKE finishes below the downside threshold, repayment is based on a leveraged downside formula, causing about 1.1765% loss for every 1% NIKE falls below the threshold, up to a total loss of principal. The securities are unsecured senior debt of BNS, not listed on any exchange, and carry BNS credit risk; the estimated value on the pricing date is $994.98 per $1,000.

The Bank of Nova Scotia is offering $12,000,000 of Buffered Contingent Income Auto-Callable Securities linked to Alphabet Inc. Class A stock. Each note has a $1,000 stated principal amount and can pay a contingent monthly coupon of $12.00 per note (equivalent to 14.40% per annum) if Alphabet’s closing price on a determination date is at or above 80% of the initial share price of $314.35, a downside threshold of $251.48.

The notes may be automatically redeemed early if Alphabet closes at or above the call threshold price of $314.35 on any observation date before maturity on December 31, 2026, returning principal plus applicable coupons. If held to maturity and the final share price is below the downside threshold, repayment of principal is reduced by 1.25% for every 1% decline below the threshold, up to a total loss of the investment.

The securities are senior unsecured debt of BNS, are not insured, will not be listed on any exchange, and all payments depend on BNS’s credit. The initial estimated value is $994.30 per $1,000 issue price, reflecting selling, structuring and hedging costs.

The Bank of Nova Scotia is offering $1,000,000 of senior unsecured “Jump Securities” linked to the common stock of Micron Technology, Inc. Each note has a $1,000 stated principal amount, pays no interest and does not guarantee any return of principal.

At maturity on January 8, 2027, if Micron’s final share price is greater than or equal to the initial share price of $284.79, investors receive $1,000 plus a fixed upside payment of $590.60 per note, capping total return at 59.06% regardless of how high the stock rises. If the final share price is below the initial share price, the payoff is $1,000 plus $1,000 times the stock return, producing a 1:1 loss with the stock and potentially a total loss of principal.

The notes are subject to the credit risk of BNS, are not insured, and will not be listed on any exchange, so liquidity may be limited. The issue price is $1,000 per note, including $9.00 in selling and structuring fees, while the estimated value on the pricing date is $981.72.

The Bank of Nova Scotia is offering $1,000,000 of Jump Securities linked to the common stock of Northrop Grumman Corporation, maturing on January 8, 2027. Each security has a stated principal amount of $1,000, pays no interest and exposes investors to full downside in the underlying stock and to BNS credit risk.

If the final share price on the valuation date is at or above the initial share price of $577.37, investors receive $1,000 plus a fixed upside payment of $190 per security, capping the maximum positive return at 19%. If the final share price is below the initial share price, the maturity payment is $1,000 plus $1,000 × underlying return, so investors lose 1% of principal for every 1% decline and can lose their entire investment. The notes are not listed, have limited liquidity, and had an estimated value at pricing of $979.70 per $1,000.

The Bank of Nova Scotia is offering $5,657,000 of Auto-Callable Dual Directional Buffered PLUS linked to the Russell 2000 Index, maturing January 3, 2028. Each $1,000 security pays no interest and can be automatically redeemed early for $1,100 per note if the index on the determination date before maturity is at or above the initial level of 2,534.345. If held to maturity and the index is higher, investors receive principal plus 125% of the index’s gain. If the index is up to 10% lower, investors get a positive “dual directional” return matching the decline, capped at a 10% gain. Below the 10% buffer, losses increase 1% for each additional 1% index drop, with a minimum payment of $100, meaning up to 90% of principal can be lost. The notes are unsecured senior debt of BNS, not listed on any exchange, and had an estimated value on the pricing date of $971.50 per $1,000.

The Bank of Nova Scotia is offering $1,000,000 in Buffered Contingent Income Auto-Callable Securities due December 31, 2029, linked to Vertiv Holdings Co common stock. These senior unsecured notes pay a contingent quarterly coupon of $28.10 per $1,000 security (equivalent to 11.24% per annum) only when Vertiv’s closing price on a determination date is at or above the downside threshold of 50% of the initial share price of $167.58.

If Vertiv’s price on any non-final determination date is at or above the call threshold of $167.58 (100% of the initial price), the notes are automatically redeemed at par plus the applicable coupon and any unpaid prior coupons via a memory feature. If the notes are not called and the final share price is below the downside threshold, investors receive a cash amount that declines by 2.00% for every 1% Vertiv falls below the threshold, risking up to a 100% loss of principal.

The notes do not participate in any upside of Vertiv stock, pay no guaranteed income, are not listed on any exchange, and all payments depend on BNS’s credit. The initial estimated value is $947.00 per $1,000 security, below the issue price, reflecting selling, structuring and hedging costs.

The Bank of Nova Scotia is issuing $28,870,000 of senior unsecured Contingent Income Auto-Callable Securities due December 29, 2028, linked to the common stock of NVIDIA Corporation. Each $1,000 security can pay a quarterly contingent coupon of $26.625 (equivalent to 10.65% per annum) if on the relevant determination date NVIDIA’s closing price is at or above the downside threshold of $95.265, which is 50.00% of the $190.53 initial share price. Missed coupons may be paid later under a memory feature if a future determination date meets the threshold.

The notes are automatically called if NVIDIA closes at or above the $190.53 call threshold on any non-final determination date, returning principal plus the applicable coupon and any unpaid coupons. If the securities are not called and the final share price is at or above the downside threshold, investors receive principal plus the applicable coupon and any unpaid coupons at maturity. If the final share price is below the downside threshold, repayment equals the $1,000 principal multiplied by the share performance factor, so the payoff can be less than 50.00% of principal and may be zero. Investors do not participate in any stock appreciation, forgo dividends, face limited liquidity, and are fully exposed to BNS credit risk. The estimated value on the pricing date is $965.19 per $1,000, below the issue price.

The Bank of Nova Scotia is issuing $11,127,000 of Contingent Income Auto-Callable Securities due December 29, 2028, linked to the common stock of Tesla, Inc. Each security has a stated principal amount of $1,000.

Investors may receive a contingent quarterly coupon of $38.80 per security (equivalent to 15.52% per annum) for any determination date on which Tesla’s closing price is at or above 50.00% of the initial share price of $475.19. Missed coupons can be paid later under a memory feature if the threshold is later met.

If Tesla’s price on any non-final determination date is at or above the call threshold price of $475.19, the notes are automatically redeemed at par plus the applicable coupon and any unpaid coupons. At maturity, if Tesla’s final price is below the 50.00% downside threshold, repayment is reduced in line with the decline and can be well below 50% of principal or zero, so investors can lose their entire investment.

The notes are senior unsecured obligations of BNS, subject to its credit risk, are not insured or bail-inable, will not be listed on any exchange, and have an initial estimated value of $972.40 per $1,000, reflecting selling, structuring and hedging costs.

The Bank of Nova Scotia is offering $8,082,000 of Contingent Income Auto-Callable Securities due December 29, 2028, linked to the common stock of The Goldman Sachs Group, Inc. Each security has a $1,000 principal amount and can pay a contingent quarterly coupon of $26.25 (equivalent to 10.50% per annum) when the GS closing price on a determination date is at least 70.00% of the initial share price of $907.04, a downside threshold of $634.928.

If on any non-final determination date GS closes at or above the call threshold of 100.00% of the initial share price, the notes are automatically redeemed at $1,000 plus the coupon for that quarter, and no further payments are made. If held to maturity and GS finishes below the downside threshold, investors are exposed 1-to-1 to the decline in GS from the initial price, and may lose most or all principal.

The notes are senior unsecured obligations of BNS, carry no dividend rights in GS and will not be listed on any exchange. The estimated value on the pricing date is $966.00 per $1,000 note, reflecting embedded fees including a total selling concession of $22.50 per note and hedging costs, and may be lower than the issue price in secondary trading.

The Bank of Nova Scotia is offering Dual Directional Buffered PLUS, principal-at-risk notes linked to the Russell 2000® Index and maturing on or about February 3, 2028. Each Buffered PLUS has a stated principal amount of $1,000, pays no interest and is issued under BNS’ Senior Note Program, Series A.

At maturity, if the index is above its initial level, investors receive $1,000 plus 150.00% of the index gain, capped at a maximum payment of $1,181.40 per note (a maximum upside gain of 18.14%). If the index is flat or down by up to 15.00%, investors receive $1,000 plus an unleveraged positive return equal to the absolute decline, up to a 15.00% gain. If the index falls by more than 15.00%, principal is reduced 1% for each additional 1% decline, with a minimum payment of $150.00, meaning up to 85.00% of principal can be lost. All payments depend on BNS’ credit, the notes will not be listed, liquidity may be limited, and the estimated value on the pricing date is expected between $936.71 and $966.71 per $1,000 before sales commissions and structuring fees totaling $25.00 per note.

The Bank of Nova Scotia is offering Trigger Autocallable Contingent Yield Notes linked separately to the common stock of Advanced Micro Devices, Inc. (AMD) and Palantir Technologies Inc. (PLTR), each in an aggregate amount of $1,100,000 and issued at $10 per Note. These senior unsecured notes pay a high contingent coupon only if the underlying stock on each monthly observation date is at or above a preset coupon barrier.

The AMD-linked Notes offer a 20.50% per annum contingent coupon with an initial level of $214.99 and both coupon barrier and downside threshold at $139.74, or 65% of the initial level. The Palantir-linked Notes offer a 20.25% per annum contingent coupon with an initial level of $188.71, a coupon barrier of $113.23 (60%) and a downside threshold of $103.79 (55%).

The Notes can be called early if the underlying closes at or above its initial level on an observation date, in which case holders receive principal plus that period’s coupon and the product terminates. If not called and the final stock level is below the downside threshold at maturity, repayment is reduced in line with the stock’s loss, and holders can lose some or all of their principal. All payments depend on BNS’s credit and the Notes are expected to have limited or no secondary market liquidity.

The Bank of Nova Scotia is offering $16,974,650 of Trigger Autocallable GEARS, senior unsecured notes linked to the Russell 2000 Index, maturing on December 31, 2030. Each Security has a $10 principal amount and pays no interest.

The notes may be automatically called on January 4, 2027 if the index closes at or above the initial level of 2,519.798, paying a call price of $11.20 per Security, a 12.00% return, after which no further payments are made. If not called, at maturity investors receive upside exposure to any positive index return multiplied by an upside gearing of 1.26, full principal back if the index is at or above the downside threshold of 1,889.849 (75% of the initial level), or a loss matching the index decline if the final level is below that threshold, up to a total loss of principal.

The initial estimated value is $9.62 per $10 Security, below the issue price, and the notes are not listed on any exchange. All payments depend on the creditworthiness of The Bank of Nova Scotia; a default could result in losing the entire investment.

The Bank of Nova Scotia is offering $30.6 million of Trigger Autocallable GEARS, a structured note 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%) and S&P/ASX 200 (7.5%). Each Security has a $10 principal amount and a term of about five years, unless called early.

The notes pay no interest. On the January 4 2027 observation date, if the basket level is at or above 100% of its initial level, the notes are automatically called and pay $11.40 per Security (a 14.00% call return), with no further payments. If not called, at maturity investors get enhanced upside equal to the basket gain multiplied by 1.42, or full principal back if the basket is flat or down but no lower than 75% of its initial level. If the final basket level is below 75%, repayment is reduced one-for-one with the basket loss, and investors can lose their entire investment.

The Securities are senior unsecured obligations of BNS, are not insured or bail-inable, will not be listed on an exchange, and their return depends on both basket performance and BNS’s credit. The initial estimated value is $9.565 per $10 note, with BNS receiving $9.75 per Security after a $0.25 underwriting discount.

The Bank of Nova Scotia is offering principal-at-risk structured securities that pay a high contingent monthly coupon linked to the common stock of Amazon.com, Inc. The notes run to January 5, 2027 and can be automatically called if Amazon’s closing price on a monthly determination date is at or above the call threshold of $232.07, returning the $1,000 principal plus the applicable coupon and any unpaid "memory" coupons.

Investors may receive a contingent coupon of $11.50 per $1,000 (equivalent to 13.80% per annum) for each month Amazon closes at or above the downside threshold of $185.656 (80% of the initial share price); no coupon is paid for months below that level. If the notes are not called and Amazon’s final price is below the downside threshold, repayment is based on a leveraged downside formula, with a loss of 1.25% of principal for every 1% Amazon falls below the threshold, up to a total loss. Payments depend entirely on BNS’s credit, the notes pay no dividends, and they will not be listed, so liquidity may be limited.

The Bank of Nova Scotia is offering $3,426,000 of Trigger Autocallable Contingent Yield Notes linked to Palantir Technologies Inc. common stock. Investors receive a contingent coupon only when Palantir’s closing price on a monthly observation date is at or above the coupon barrier of $119.72, based on an initial level of $184.18, for a contingent coupon rate of 22.65% per annum. The notes may be automatically called early if Palantir closes at or above the initial level on any observation date, returning principal plus the applicable coupon and ending future payments. If the notes are not called and Palantir’s final level on June 29, 2028 is at or above the downside threshold of $101.30, investors receive full principal back; below that level, repayment is reduced in line with the stock’s percentage decline, and all principal can be lost. All payments depend on BNS’s creditworthiness, and the notes are unsecured, not insured, and are expected to have limited secondary market liquidity.

The Bank of Nova Scotia is offering senior unsecured market-linked notes tied to the worst-performing of Blackstone, KKR and Blue Owl common stocks. Each security has a $1,000 face amount and pays a contingent quarterly coupon only if the lowest-performing stock on the calculation day is at or above 60% of its starting price, with a minimum contingent coupon rate of 21.00% per annum. The notes are auto-callable quarterly from July 2026 through October 2028 if the worst-performing stock is at or above its starting price, in which case holders receive $1,000 plus the due and unpaid coupons.

If not called, principal is protected only if the worst-performing stock on the final calculation day is at or above its 60% downside threshold; otherwise, investors lose more than 40% and up to all of principal. The Bank’s estimated value is between 94.843% and 97.843% of the $1,000 offering price per note. The securities are senior unsecured obligations, not insured by CDIC or FDIC, will not be listed on an exchange, and include dealer and hedging spreads that can depress secondary market prices.

The Bank of Nova Scotia is offering $3,615,000 principal amount of Dual Directional Capped Buffered Notes linked to the S&P 500 Index, maturing on December 29, 2027. The notes pay no interest and all cash is paid at maturity based on index performance. If the index finishes at or above its initial level, holders gain the positive return of the index up to a 20.90% maximum upside, or $1,209 per $1,000 note. If the index finishes below the initial level but at or above 85% of it, investors earn the absolute value of the decline, up to a 15% gain. Below the 85% buffer level, losses are multiplied: investors lose about 1.1765% of principal for each 1% additional index drop and can lose their entire investment. The initial estimated value is $980.48 per $1,000, below the 100% issue price, reflecting hedging and distribution costs; underwriting commissions are 1.50%, so the bank receives 98.50% of proceeds.

The Bank of Nova Scotia is offering senior unsecured Market Linked Securities tied to the lowest performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average, maturing on December 31, 2029. Each $1,000 note pays a contingent coupon at an annual rate of 8.40% only if, on the quarterly calculation day, the lowest performing index is at or above 75% of its starting level; otherwise no coupon is paid for that period.

The notes are auto-callable quarterly from June 2026 through September 2029 if the lowest performing index is at or above its starting level, in which case investors receive $1,000 plus a final contingent coupon. If the notes are not called and, on the final calculation day, the lowest performing index is below 75% of its starting level, repayment of principal is reduced in line with the index loss, and investors can lose most or all of their investment.

The Bank’s estimated value is $956.18 per $1,000 note, below the $1,000 offering price, reflecting selling, structuring and hedging costs. The total offering is $8,432,000, with proceeds to the Bank of $8,299,196 after agent discounts. The securities are not listed and all payments depend on the Bank’s credit.

The Bank of Nova Scotia is offering unsecured Autocallable Trigger Notes linked to the Nasdaq-100 Index and the Russell 2000 Index, maturing in February 2028. The notes pay no interest and may be automatically called in February 2027 if each index is at or above its initial level, in which case investors receive principal plus a call premium expected to be at least 14.30% per $1,000 note.

If the notes are not called, the payoff at maturity depends on the worst-performing index. If both final index levels exceed their initial levels, investors receive principal plus 250% of the gain of the least performing index. If any index finishes below its initial level but at or above 75% of its initial level, only principal is returned. If any index ends below 75% of its initial level, repayment is reduced one-for-one with the loss on the worst index, up to a complete loss of principal. The initial estimated value is expected between $925 and $965 per $1,000, reflecting fees, funding costs and hedging.

The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Notes linked to the Russell 2000® Index, maturing on November 4, 2027. These unsecured senior notes pay no interest and all value comes from index performance between the expected trade date of January 30, 2026 and the valuation date of November 1, 2027.

At maturity, if the index is above its initial level, holders receive principal plus 150% of the index gain, but this upside is capped by a maximum payment amount expected to be at least $1,225 per $1,000 of principal (about a 22.5% maximum return). If the index is flat or down by up to 10%, investors receive back only their principal.

If the index is down more than 10%, losses are buffered only for that first 10%; beyond that, noteholders lose 1% of principal for each additional 1% index decline, up to a maximum loss of 90%. The notes will not be listed, may have limited liquidity, and any payment depends on the creditworthiness of The Bank of Nova Scotia. The initial estimated value is expected to be between $925 and $965 per $1,000, below the issue price due to fees, funding and hedging costs.

The Bank of Nova Scotia is offering $575,000 of Autocallable Contingent Buffered Return Enhanced Notes linked to the S&P 500 Index, maturing on December 30, 2027. Each $1,000 Note may be automatically called on January 8, 2027 if the index is at or above its Initial Value of 6,929.94, paying $1,095 per Note (a 9.50% Call Premium). If not called and the Final Value is above the Initial Value, investors receive $1,000 plus 139.11% of the index’s positive return. If the Final Value is between 90% and 100% of the Initial Value, investors receive back the $1,000 principal. Below 90% of the Initial Value, principal is reduced by about 1.1111% for each 1% decline beyond the 10% buffer, up to a total loss. The Notes pay no interest, are unsecured obligations subject to the Bank’s credit risk, are not insured, will not be listed on any exchange, and have a minimum investment of $10,000. The initial estimated value is $982.92 per $1,000.

The Bank of Nova Scotia is offering $6,585,000 in Autocallable Contingent Coupon Buffer Notes with Memory Coupon linked to the common stock of Broadcom Inc. The notes are senior, unsubordinated and unsecured obligations of the Bank, and all payments depend on its creditworthiness.

The notes pay a contingent coupon of $47.10 per $1,000 note on specified dates only if Broadcom’s share price is at or above 75% of the initial value of $352.13. The notes are automatically called early, returning principal plus due coupons, if Broadcom’s share price is at or above the initial value on any observation date.

If the notes are not called and Broadcom’s final value is at least 75% of the initial value, investors receive full principal back plus any due coupons. If it falls below that level, principal loss is leveraged: investors lose about 1.3333% of principal for each 1% decline beyond a 25% buffer, up to total loss. The initial estimated value is $983.47 per $1,000 note, below the issue price, and the notes will not be listed on an exchange, so liquidity may be limited.

The Bank of Nova Scotia is offering Trigger Autocallable Contingent Yield Notes linked separately to the common stock of Advanced Micro Devices, Inc. (AMD) and Palantir Technologies Inc. (PLTR), each with a term of about 18 months and a $10 minimum denomination (minimum investment 100 Notes).

The AMD-linked Notes offer a 20.50% per annum contingent coupon and the PLTR-linked Notes offer 20.25% per annum, paid monthly only if the stock closes at or above a preset coupon barrier (65% of the AMD initial level; 60% of the PLTR initial level). The Notes are automatically called, returning principal plus coupon, if on any monthly observation date the stock closes at or above its initial level.

If the Notes are not called and the final stock level is at or above the downside threshold (65% of the AMD initial level; 55% of the PLTR initial level), investors receive back principal 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 their entire investment. The Notes are senior unsecured obligations of BNS, not listed on any exchange, and their initial estimated values (around $9.43–$9.77 per $10) are below the $10 issue price due to structuring, distribution and hedging costs.

The Bank of Nova Scotia is offering unsecured Autocallable Contingent Coupon Trigger Notes linked to the shares of the VanEck® Semiconductor ETF, expected to mature on May 5, 2027. The notes pay a contingent coupon only if, on an observation date, the ETF’s closing price is at least 70.00% of the initial price. The quarterly contingent coupon is at least $31.875 per $1,000 in principal (at least 3.1875% quarterly, or the potential for up to at least 12.75% per annum), using a catch-up formula that subtracts coupons already paid.

The notes can be automatically called on specified observation dates from July 2026 through January 2027 if the ETF’s price is at or above the initial price, in which case investors receive $1,000 per note plus the applicable contingent coupon and no further payments. If the notes are not called, principal repayment at maturity depends on the ETF’s final price. If the final price is at least 70.00% of the initial price, investors receive $1,000 plus the final contingent coupon. If it is below 70.00%, repayment is $1,000 plus $1,000 times the reference asset return, producing a loss of 1% of principal for every 1% decline from the initial price and possibly a total loss.

The preliminary initial estimated value is expected to be between $925.00 and $965.00 per $1,000, reflecting internal funding and structuring costs. Underwriting commissions are up to 0.75%, the notes will not be listed on an exchange, and all payments are subject to the credit risk of The Bank of Nova Scotia.

The Bank of Nova Scotia is offering unsecured Buffered Index-Linked Notes tied to the S&P 500® Index, maturing on or about May 4, 2027. The notes pay no interest and all payments depend on the Bank’s credit.

At maturity, for each $1,000 note, if the index is above its initial level, holders receive principal plus the index gain, but this upside is capped by a maximum payment expected to be at least $1,085.00. If the index is flat or down by up to 10.00%, holders earn the absolute move, up to 10.00%, for a maximum of $1,100.00. Below a 10.00% decline, losses resume: investors lose 1% of principal for each 1% drop beyond the buffer and could lose up to 90.00% of principal.

The Bank’s initial estimated value is expected between $925.00 and $965.00 per $1,000, reflecting internal funding, hedging costs, underwriting commissions of up to 2.00% and a structuring fee. The notes will not be listed, and any secondary market is expected to be limited.

The Bank of Nova Scotia is offering senior unsecured Trigger Autocallable Contingent Yield Notes linked to the common stock of Palantir Technologies Inc. The notes have a term of about 2.5 years, with monthly observation dates from early 2026 to mid‑2028.

Investors may receive a high contingent coupon, in a range of 21.65% to 22.65% per annum, but only if Palantir’s share price on an observation date is at or above a coupon barrier set at 65% of the initial level. The notes are automatically called, returning principal plus the coupon, if Palantir’s price is at or above the initial level on any observation date before maturity.

If the notes are not called and Palantir’s final level is at or above a downside threshold set at 55% of the initial level, investors receive full principal back at maturity. If the final level is below the downside threshold, repayment is reduced in line with the share price decline, and investors could lose their entire principal. The notes are not listed, have limited liquidity, and all payments depend on BNS’s credit. The initial estimated value is between $9.430 and $9.738 per $10 face amount, below the issue price.

The Bank of Nova Scotia is offering unsecured Buffered Enhanced Participation Notes linked to the least performing of the iShares® MSCI EAFE ETF and the EURO STOXX 50® Index, maturing in early 2028. The notes pay no interest; instead, the maturity payment depends on how the worst of the two reference assets performs from the January 2026 trade date to the January 2028 valuation date.

If both final levels are above their initial levels, holders receive $1,000 plus at least 153.00% of the gain of the worst performer. If any final level is at or below its initial level but both stay at or above 90.00% of initial, investors receive only the $1,000 principal. If any final level falls below 90.00% of initial, the payoff drops dollar-for-dollar beyond the 10.00% buffer, and investors can lose up to 90.00% of principal.

The initial estimated value is expected between $925.00 and $965.00 per $1,000, reflecting internal funding and structuring costs, including up to 0.80% in underwriting commissions. The notes are not insured, will not be listed on an exchange, and all payments depend on the creditworthiness of The Bank of Nova Scotia.

The Bank of Nova Scotia is offering buffered index-linked notes tied to the S&P 500® Index, maturing on May 5, 2027. These unsecured senior notes pay no interest; your return depends entirely on index performance between the trade date and the valuation date.

If the S&P 500 finishes above its initial level, your payoff increases one-for-one with the index but is capped by a maximum upside payment amount expected to be at least $1,120.00 per $1,000 note. If the index is flat or down by up to 10.00%, you receive a positive return equal to the absolute index move. If the index falls by more than 10.00%, you lose 1% of principal for each additional 1% decline, and you could lose up to 90.00% of your investment.

The notes are not insured by CDIC or FDIC, will not be listed on an exchange, and any payment depends on the creditworthiness of The Bank of Nova Scotia. The initial estimated value is expected to be $925.00–$965.00 per $1,000, below the 100% original issue price, reflecting internal funding, structuring fees of up to 0.50%, hedging costs and other selling expenses.

The Bank of Nova Scotia is offering Autocallable Digital Trigger Notes linked to the Russell 2000 and S&P 500, maturing on or about February 1, 2029. The notes pay no interest and are unsecured senior debt.

The notes may be automatically called on a single call observation date in January 2027 if both indices are at or above their initial levels. In that case, investors receive $1,000 plus a call premium expected to be at least 7.50% per $1,000.

If not called, the maturity payment depends on the least performing index. If both final levels are at or above their initial levels, investors receive the greater of $1,400 per $1,000 note (a 40% threshold settlement) or $1,000 plus the least-performing index return. If any index finishes below its initial level but at or above 85% of it, principal is returned. If any index ends below 85% of its initial level, repayment is reduced one-for-one with the decline in the worst index, up to a total loss of principal.

The initial estimated value is expected to be $925–$965 per $1,000, below issue price, reflecting fees, hedging and the bank’s internal funding rate. The notes will not be listed, and any secondary market, if available, may be limited.

The Bank of Nova Scotia is offering $1,871,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Dell Technologies Inc., issued at $10 per Note under its Senior Note Program, Series A. The Notes pay a contingent coupon at a rate of 12.55% per annum (or $0.3138 per quarter per Note) only when Dell’s closing share price on an observation date is at or above the coupon barrier of $70.19, which is 55.00% of the initial level of $127.62 observed on the strike date. The same $70.19 level also acts as the downside threshold: if the Notes are not automatically called and Dell’s final level is below this threshold, repayment at maturity is reduced dollar-for-dollar with Dell’s percentage decline, and investors could lose their entire principal. The Notes can be automatically called on quarterly observation dates if Dell closes at or above the initial level, in which case investors receive principal plus the applicable contingent coupon and the Notes terminate early. The initial estimated value on the trade date is $9.74 per $10 principal amount, below the issue price, and any payments depend entirely on the creditworthiness of BNS.

The Bank of Nova Scotia is offering autocallable contingent coupon notes linked to the common stock of Amazon.com, Inc., with a principal amount of $1,000 per note and maturity on January 4, 2029.

The notes can be automatically called if Amazon’s closing value on any call observation date is at or above the initial value, paying back principal plus any due contingent coupon. Contingent coupons of at least $27.875 per note (at least 11.15% per annum) are paid only when Amazon’s closing value is at or above 70.00% of the initial value on specified observation dates.

If the notes are not called and the final value is at or above the 70.00% barrier, investors receive principal back; if it is below the barrier, repayment is reduced one-for-one with Amazon’s decline and up to 100% of principal may be lost. The initial estimated value is expected to be between $938.59 and $968.59 per $1,000, reflecting structuring, hedging and distribution costs, and the notes are unsecured obligations subject to Scotiabank’s credit risk.

The Bank of Nova Scotia is offering $1,992,000 of Contingent Buffer Digital Notes linked to Amazon.com, Inc. stock, maturing on January 13, 2027. Each Note has a $1,000 principal amount and pays no interest before maturity.

If Amazon’s final share price is at least 85% of the initial value of $232.52, investors receive a fixed 14.00% digital return, or $1,140 per Note. If the final value is below the 85% buffer level, repayment is reduced on a leveraged basis (about 1.1765% loss for each 1% drop beyond the 15% buffer), and investors can lose their entire principal.

The Notes are unsecured, unsubordinated obligations of the Bank, are not insured by CDIC or FDIC, and will not be listed on an exchange. The initial estimated value is $990.06 per $1,000 Note, reflecting internal funding and hedging costs, and liquidity in the secondary market may be limited.

The Bank of Nova Scotia is offering autocallable trigger notes linked to the worst performer of the Nasdaq-100 Index and the Russell 2000 Index, maturing in February 2028. The notes pay no interest and may be automatically called in January 2027 if both indices are at or above their initial levels, in which case holders receive $1,000 plus at least a 10% call premium per $1,000.

If not called, maturity payment depends on the least performing index. If both final index levels are above their initial levels, investors get $1,000 plus 250% of the worst index’s gain. If any index is at or below its initial level but both stay at or above 75% of initial, investors receive only principal. If any index finishes below 75% of its initial level, repayment is reduced one-for-one with the worst index’s loss, and investors can lose up to their entire investment. The notes are unsecured obligations of The Bank of Nova Scotia, with an initial estimated value between $925 and $965 per $1,000 and underwriting commissions of up to 2.55%.

The Bank of Nova Scotia is offering unsecured, unsubordinated Autocallable Contingent Coupon Trigger Notes linked to the shares of the VanEck Semiconductor ETF (SMH), expected to mature on May 4, 2027. Investors receive quarterly contingent coupons of at least $25.625 per $1,000 note (at least 2.5625% per quarter, or up to at least 10.25% per year) only if SMH’s closing price on an observation date is at or above 70% of the initial price.

The notes can be automatically called on specified dates from July 2026 to January 2027 if SMH is at or above its initial price, paying $1,000 per note plus the applicable contingent coupon, with no further payments. If the notes are not called and the final SMH price is at or above 70% of the initial price, investors receive $1,000 plus the final contingent coupon. If the final price is below 70%, repayment is $1,000 plus $1,000 times the ETF’s price return, producing a 1% loss of principal for each 1% decline from the initial price and potentially a total loss. The initial estimated value is expected between $925 and $965 per $1,000, reflecting selling commissions of up to 2.25% and hedging and structuring costs. The notes will not be listed on an exchange, offer no dividends, and all payments depend on the creditworthiness of The Bank of Nova Scotia.

The Bank of Nova Scotia is offering senior unsecured Market Linked Securities tied to the common stock of Oracle Corporation. These notes pay a quarterly contingent coupon at a rate of at least 12.35% per annum only if Oracle’s stock on the relevant calculation day is at or above 50% of the starting price, with a memory feature that can make up missed coupons later.

The notes are auto-callable from July 2026 to October 2028 if Oracle’s stock is at or above the starting price, in which case investors receive the face amount plus due and unpaid coupons. If not called, at maturity in January 2029 investors receive the full face amount only if the final stock price is at or above a 50% downside threshold; otherwise, principal is reduced in line with the stock’s decline below the starting price, and losses can exceed 50% of principal. The Bank’s estimated value is between 92.786% and 95.786% of the $1,000 original price per note. The securities are not listed, carry the credit risk of The Bank of Nova Scotia, and are not insured by any deposit insurance agency.

The Bank of Nova Scotia is offering $2,954,000 in Autocallable Digital Buffer Notes linked to the S&P 500® Index, maturing on December 30, 2027. The notes are senior, unsecured obligations and pay no interest. They may be automatically called on January 8, 2027 if the index is at or above the Initial Value of 6,929.94, in which case investors receive $1,082.80 per $1,000 note (an 8.28% call premium) and the product ends early.

If not called and the Final Value is at or above the Initial Value, investors receive principal plus the greater of a 16.56% digital return or the index gain. If the Final Value is between 85% and 100% of the Initial Value, principal is returned. Below 85%, losses are magnified by a downside leverage factor of about 1.1765x, and up to 100% of principal can be lost. The initial estimated value is $981.25 per $1,000, below the issue price, and the notes are not listed, with any secondary market making at the dealer’s discretion. All payments depend on the creditworthiness of the Bank.