加拿大丰业银行美股招股说明书(2025-06-03版)

Filed Pursuant to Rule 424(b)(2)Registration No. 333-282565 Linked to the shares of the SPDR®Gold Shares due July 9, 2026 General ￭The notes offered by this pricing supplement (the “Notes”) are unsubordinated and unsecured debt securities of The Bank of NovaScotia (the “Bank”) and any payments on the Notes are subject to the credit risk of the Bank￭The Notes offer a return equal to any positive performance of the shares of the SPDR®Gold Shares(the “Reference Asset”),subject to a maximum return of at least 13.56% (the “Maximum Return”, to be determined on the Trade Date)￭If the Final Value is less than the Initial Value, you will lose 1% of the Principal Amount of the Notes for each 1% decrease from theInitial Value to the Final Value and you may lose up to 5.00% of the Principal Amount￭The Notes do not bear interest or pay any coupons prior to maturity￭The Trade Date is expected to be June 6, 2025 and the Notes are expected to settle on June 11, 2025 and will have a term ofapproximately 13 months￭Minimum investment of $10,000 and integral multiples of $1,000 in excess thereof￭CUSIP / ISIN: 06418VXG4 / US06418VXG49￭See “Summary” beginning on page P-3 herein for additional information and definitions of the terms used but not defined above All payments on the Notes will be made in cash and will only be paid at maturity.Any payment on your Notes is subject to thecreditworthiness of the Bank. Investment in the Notes involves certain risks. You should refer to “Additional Risks” beginning on page P-9 of this pricingsupplement and “Additional Risk Factors Specific to the Notes” beginning on page PS-6 of the accompanying product supplementand “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement and on page 8 of the accompanying The initial estimated value of your Notes at the time the terms of your Notes are set on the Trade Date is expected to be between$955.04 and $985.04 per $1,000 Principal Amount, which will be less than the Original Issue Price of your Notes listed below.See“Additional Information Regarding Estimated Value of the Notes” on the following page and “Additional Risks – Risks Relating to EstimatedValue and Liquidity” beginning on page P-11 of this document for additional information. The actual value of your Notes at any time will (2)Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, will purchase the Notes at the Original Issue Price and, as part of the distribution of the Notes, will sellthe Notes to J.P. Morgan Securities LLC (“JPMS”). JPMS and its affiliates will act as placement agents for the Notes (together with SCUSA, the“Agents”). The placement agents will receive a fee of 1.042% per Note, but will forgo fees for sales to fiduciary accounts. The total fees represent theamount that the placement agents receive from sales to accounts other than fiduciary accounts. Neither the United States Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved ordisapproved of the Notes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanying productsupplement, underlier supplement, prospectus supplement or prospectus. Any representation to the contrary is a criminal offense. The Notes are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the Canada Deposit InsuranceCorporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation (the “FDIC”) or any other government agencyof Canada, the United States or any other jurisdiction. Pricing Supplement dated [•], 2025 The Notes offered hereunder are unsubordinated and unsecured obligations of the Bank and are subject to investment risksincluding the credit risk of the Bank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The Bank of NovaScotia. The Notes will not be listed on any U.S. securities exchange or automated quotation system. The Notes are derivative products based on the price return of the Reference Asset. All payments on the Notes will be made incash. The Notes do not constitute a hypothetical direct investment in any of the shares, units or other securities represented bythe Reference Asset or the assets held by the Reference Asset (the “Reference Asset Constituents”). By acquiring the Notes, youwill not have a direct economic or other interest in, claim or entitlement to, or any legal or beneficial ownership of, any such share,unit or security and will not have any rights as a shareholder, unitholder or other security holder of any of the foregoing, including As described on the cover of this pricing supplement, JPMS and its affiliates will act as the placement agents for the Notes. Ouraffiliate, SCUSA, may use the final pricing supplement to which this preliminary pricing supplement relates in market-makingtransactions in the Notes after their initial sale. Unless we, SCUSA or another of our affiliates selling such Notes to you informsyouotherwise in the confi