加拿大丰业银行美股招股说明书(2026-02-23版)

Linked to the S&P 500® Index due February 22, 2029Investment Description The Bank of Nova Scotia Trigger Autocallable Contingent Yield Notes (the “Notes”) are senior, unsecured debt securities issued by The Bank of Nova Scotia (“BNS” or the “issuer”) linked to the S&P 500® Index(the “underlying asset”). BNS will pay a contingent coupon on a coupon payment date only if the closing level of the underlying asset on the applicable observation date (including the final valuation date) is equal toor greater than the coupon barrier. Otherwise, no contingent coupon will be paid for the relevant coupon payment date. BNS will automatically call the Notes early if the closing level of the underlying asset on anyobservation date (quarterly, callable after 12 months) prior to the final valuation date is equal to or greater than the initial level. If the Notes are subject to an automatic call, BNS will pay on the applicable couponpayment date following such observation date (the “call settlement date”) a cash payment per Note equal to your principal amount plus the contingent coupon otherwise due, and no further payments will be owedto you under the Notes. If the Notes are not subject to an automatic call and the closing level of the underlying asset on the final valuation date (the “final level”) is equal to or greater than the downside threshold,BNS will pay you a cash payment per Note at maturity equal to the principal amount. If, however, the Notes are not subject to an automatic call and the final level is less than the downside threshold, BNS will payyou a cash payment per Note at maturity that is less than the principal amount, if anything, resulting in a percentage loss on your principal amount equal to the percentage decline in the underlying asset from theinitial level to the final level (the “underlying return”) and, in extreme situations, you could lose your entire investment in the Notes.Investing in the Notes involves significant risks. You may lose a significantportion or all of your investment and may not receive any contingent coupon during the term of the Notes. Generally, a higher contingent coupon rate on a Note is associated with a greater risk ofloss and a greater risk that you will not receive contingent coupons over the term of the Notes. The contingent repayment of principal applies only at maturity. Any payment on the Notes, includingany repayment of principal, is subject to the creditworthiness of BNS. If BNS were to default on its payment obligations, you may not receive any amounts owed to you under the Notes and youcould lose your entire investment in the Notes. Features ❑Potential for Periodic Contingent Coupons— BNS will pay a contingent coupon on a coupon payment dateonly if the closing level of the underlying asset on the applicable observation date (including the final valuationdate) is equal to or greater than the coupon barrier. Otherwise, if the closing level of the underlying asset isless than the coupon barrier on the applicable observation date, no contingent coupon will be paid for therelevant coupon payment date.❑Automatic Call Feature— BNS will automatically call the Notes and pay you the principal amount of your Notes plus the contingent coupon otherwise due on the related coupon payment date if the closing level of theunderlying asset is equal to or greater than the initial level on any observation date (quarterly, callable after 12months) prior to the final valuation date. If the Notes were previously subject to an automatic call, no furtherpayments will be owed to you under the Notes.❑Contingent Repayment of Principal at Maturity with Potential for Full Downside Market Exposure— If the Notes have not been subject to an automatic call and the final level is equal to or greater than thedownside threshold, BNS will repay you the principal amount per Note at maturity. If, however, the Notes arenot subject to an automatic call and the final level is less than the downside threshold, BNS will pay you a cashpayment per Note at maturity that is less than the principal amount, if anything, resulting in a percentage losson your principal amount equal to the underlying return and, in extreme situations, you could lose your entireinvestment in the Notes. The contingent repayment of principal applies only if you hold the Notes to maturity.Any payment on the Notes, including any repayment of principal, is subject to the creditworthiness of BNS. Key DatesStrike Date *We expect to deliver the Notes against payment on the second business day following the trade date. UnderRule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generallyare required to settle in one business day (T+1), unless the parties to a trade expressly agree otherwise.Accordingly, purchasers who wish to trade the Notes in the secondary market on any date prior to onebusiness day before delivery of the Notes will be required, by virtue of the fact that each Note initially