加拿大丰业银行美股招股说明书(2025-06-02版)

Linked to the Least Performing of the Russell 2000®Index and the S&P 500® The notes do not bear interest.The amount that you will be paid on your notes at maturity (December 3, 2026) is based on theperformance of the least performing of the Russell 2000® Index and the S&P 500®the trade date (May 29, 2025) to and including the valuation date (November 30, 2026). If the final level ofeachreference asset on the valuation date isgreater thanits initial level (2,074.778 with respect to the Russell 2000®Index and 5,912.17 with respect to the S&P 500®Index (which in each case is the closing level of such reference asset on the trade date)), the return on your notes will be positive and will equal the participation rate of 120.00%timesthe reference asset return of theleast performing reference asset, subject to the maximum upside payment amount of $1,197.50 for each $1,000 principal amount of yournotes. If the final level ofanyreference asset isequal toorless thanits initial level, but the final level ofeachreference asset isgreaterthanorequal to90.00% of its initial level, the return on your notes will equal the participation ratetimesthe absolute value of thereference asset return of the least performing reference asset (e.g., if the reference asset return of the least performing reference asset is If the final level ofanyreference asset isless than90.00% of its initial level, the return on your notes will be negative and willequal the reference asset return of the least performing reference asset plus 10.00%. Specifically, you will lose 1% for every 1%negative percentage change in the level of the least performing reference asset below 90.00% of its initial level. You may loseup to 90.00% of the principal amount of your notes. Any payment on your notes is subject to the creditworthiness of The Bank The amount that you will be paid on your notes at maturity is based on the performance of the least performing reference asset, which isthe reference asset with the lowest reference asset return. The reference asset return of each reference asset is the percentage increaseor decrease from its initial level to its final level. At maturity, for each $1,000 principal amount of your notes, you will receive an amount in cash equal to: ●if the final level ofeachreference asset isgreater thanits initial level, thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the least performing reference asset returntimes(c) the participation rate, subject to the maximum upside payment amount;●if the final level ofanyreference asset isequal toorless thanits initial level, but the final level ofeachreference asset isgreaterthan or equal to90.00% of its initial level, thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the absolute value of theleast performing reference asset returntimes(c) the participation rate;or ●if the final level ofanyreference asset isless than90.00% of its initial level, thesumof (i) $1,000plus(ii) theproductof (a) $1,000 Following the determination of the initial levels, the amount you will be paid on your notes at maturity will not be affected by the closinglevel of any reference asset on any day other than the valuation date.In addition, no payments on your notes will be made prior tomaturity. Investment in the notes involves certain risks. You should refer to “Additional Risks” beginning on page P-14 of this pricingsupplement and “Additional Risk Factors Specific to the Notes” beginning on page PS-6 of the accompanying productsupplement and “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement and on page 8 of the The initial estimated value of your notes at the time the terms of your notes were set on the trade date was $954.10 per $1,000principal amount, which is less than the original issue price of your notes listed below.See “Additional Information RegardingEstimated Value of the Notes” on the following page and “Additional Risks” beginning on page P-14 of this document for additional 1For 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 approvedor disapproved of the notes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanyingprospectus, prospectus supplement, underlier supplement or product supplement. Any representation to the contrary is a 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 agencyof Canada, the United States or any other jurisdiction. Scotia Capital (USA) Inc. Goldman Dealer Pricing Supplement dated May 29, 2025 The Capped Buffered Index-Linked Notes Linked to the Least Performing of the Russell 2000® Index and the S&P 500®IndexDue December 3, 2026 (the “notes”