5.00% from the initial basket level, you will receive the principal amount of your notes.If the final basket level declines by morethan 5.00% from the initial basket level, the return on your notes will be negative and you may lose up to your entire principal amount. Specifically, you will lose approximately 1.0526% for every 1% negative percentage change in the levelof the basket below 95.00% of the initial basket level. Any payment on your notes is subject to the creditworthiness ofThe Bank of Nova Scotia. final basket level from the initial basket level. At maturity, for each $1,000 principal amount of your notes:●if the final basket level isgreater thanthe initial basket level (the basket return ispositive), you will receive an amount in cashequal to thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the basket returntimes(c) the participation rate,subject to the maximum payment amount; ●if the final basket level isequal tothe initial basket level orless thanthe initial basket level, but not by more than 5.00% (the basket return iszeroornegativebutequal toorgreater than-5.00%), you will receive an amount in cash equal to $1,000;or●if the final basket level isless thanthe initial basket level by more than 5.00% (the basket return isnegativeand isless than-5.00%), you will receive an amount in cash equal to thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) thebuffer rate of approximately 105.26%times(c) thesumof the basket returnplus5.00%.Declines in one basket index may offset increases in the other basket indices. Due to the unequal weighting of eachbasket component, the performances of the EURO STOXX 50®Index, TOPIX and the FTSE®100 Index will have asignificantly larger impact on your return on the notes than the performance of the Swiss Market Index or the S&P/ASX200 Index. In addition, no payments on your notes will be made prior to maturity.Investment in the notes involves certain risks. You should refer to “Additional Risks” beginning on page P-17 of this Per NoteTotal1100.00%$2,199,000.00 Proceeds to The Bank of Nova Scotia97.94%$2,153,700.601For additional information, see “Supplemental Plan of Distribution (Conflicts of Interest)” herein.Neither the United States Securities and Exchange Commission (the “SEC”) nor any state securities commission has the contrary is a criminal offense.The notes are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the Canada DepositInsurance Corporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation or any other government Scotia Capital (USA) Inc.GoldmanSachs & Co. LLC Pricing Supplement dated July 17, 2025 broker dealers. SCUSA or any of its affiliates or agents may use this pricing supplement in market-making transactions in notesafter their initial sale. Unless we, SCUSA or another of our affiliates or agents selling such notes to you informs you otherwise inthe confirmation of sale, this pricing supplement is being used in a market-making transaction. See “Supplemental Plan ofDistribution (Conflicts of Interest)” in this pricing supplement and “Supplemental Plan of Distribution (Conflicts of Interest)” in theaccompanying product supplement. Bank that differ from the amounts set forth above. The return (whether positive or negative) on your investment in the notes willdepend in part on the original issue price you pay for such notes. value was determined by reference to the Bank’s internal pricing models, which take into consideration certain factors, such as theBank’s internal funding rate on the trade date and the Bank’s assumptions about market parameters. For more information aboutthe initial estimated value, see “Additional Risks — Risks Relating to Estimated Value and Liquidity” herein. is the rate the Bank would pay to borrow funds through the issuance of similar market-linked notes, the underwriting discount andthe economic terms of certain related hedging arrangements. Due to these factors, the original issue price you pay to purchase The information in this “Summary” section is qualified by the more detailed information set forth in this pricing supplement,the accompanying prospectus, prospectus supplement, and product supplement, each filed with the SEC. See “Additional Terms of Your Notes” in this pricing supplement. 06419DBJ1 / US06419DBJ19Type of Notes:Capped Buffered Enhanced Participation Basket-Linked NotesBasket Components:The EURO STOXX 50®Index (Bloomberg Ticker: “SX5E Index”), as published bySTOXX Limited (“STOXX”); TOPIX (Bloomberg Ticker: “TPX Index”), as maintained Group”);and the S&P/ASX 200 Index(Bloomberg Ticker:“AS51 Index”),aspublished by S&P Dow Jones Indices LLC (“S&P”); see “Information Regarding theBasket and the Basket Components” herein. We refer to each of STOXX, JPXI,FTSE, SIX Group and S&P as a “basket component sponsor”, and together as the“basket component sponsors”.Minimum Investment andDenominations:$1,000 and integral multiples