加拿大丰业银行美股招股说明书(2026-04-20版)

PRELIMINARY PRICING SUPPLEMENTDated April 17, 2026Filed Pursuant to Rule 424(b)(2)Registration Statement No. 333-282565(To Prospectus dated November 8, 2024,Prospectus Supplement dated November 8, 2024,Underlier Supplement dated November 8, 2024 and Product Supplement dated November 8, 2024)The Bank of Nova Scotia $Trigger Autocallable GEARS Linked to an Unequally Weighted Basket of Equity Indices due on or about April 30, 2031Investment Description The Bank of Nova Scotia Trigger Autocallable GEARS (the “Securities”) are senior unsecured debt securities issued by The Bank of Nova Scotia (“BNS” or the “issuer”) linked to anunequally weighted basket (the “underlying basket”) consisting of the following 5 equity indices (each, a “basket asset”, together the “basket assets”), with its basket weighting inparenthesis: EURO STOXX 50®Index (40.00%), Nikkei 225 Index (25.00%), FTSE®100Index (17.50%), Swiss Market Index(10.00%) and S&P/ASX 200 Index (7.50%). BNS willautomatically call the Securities (an “automatic call”) if the closing level of the underlying basket (the “basket closing level”) on the observation date is equal to or greater than theautocall barrier. If the Securities are subject to an automatic call, BNS will pay you a cash payment per Security on the call settlement date equal to the “call price”, which is theprincipal amount plus a call return based on the call return rate, and no further payments will be owed to you under the Securities. If the Securities are not subject to an automatic call,the amount you receive at maturity will be based on the direction and percentage change in the level of the underlying basket from the initial basket level to the final basket level (the“basket return”) and whether the basket closing level on the final valuation date (the “final basket level”) is less than the downside threshold. If the Securities are not subject to anautomatic call and the basket return is positive, BNS will pay you a cash payment per Security at maturity equal to the principal amount plus a percentage return equal to the basketreturn multiplied by the upside gearing. If the Securities are not subject to an automatic call, the basket return is zero or negative and the final basket level is equal to or greater thanthe downside threshold, BNS will pay you a cash payment per Security at maturity equal to the principal amount. If, however, the Securities are not subject to an automatic call, thebasket return is negative and the final basket level is less than the downside threshold, BNS will pay you a cash payment per Security at maturity that is less than the principal amount,if anything, resulting in a percentage loss on your principal amount equal to the basket return and, in extreme situations, you could lose your entire investment in the Securities.Investing in the Securities involves significant risks. The Securities do not pay interest. You may lose a significant portion or all of your investment in the Securities. Thecontingent repayment of principal applies only if you hold the Securities to maturity. Any payment on the Securities, including any repayment of principal, is subject tothe creditworthiness of BNS. If BNS were to default on its payment obligations you may not receive any amounts owed to you under the Securities and you could loseyour entire investment in the Securities. Features Automatic Call Feature:BNS will automatically call the Securities if the basket closing level onthe observation date is equal to or greater than the autocall barrier, which is equal to the initialbasket level. If the Securities are subject to an automatic call, BNS will pay you a cash paymentper Security on the call settlement date equal to the call price. Following an automatic call, nofurther payments will be owed to you under the Securities. Enhanced Exposure to Positive Basket Return:If the Securities are not subject to anautomatic call, at maturity, the Securities provide exposure to any positive basket return multipliedby the upside gearing. Contingent Repayment of Principal at Maturity with Potential for Full Downside MarketExposure:If the Securities are not subject to an automatic call, the basket return is zero ornegative and the final basket level is equal to or greater than the downside threshold, BNS willpay you a cash payment per Security at maturity equal to the principal amount. If, however, theSecurities are not subject to an automatic call, the basket return is negative and the final basketlevel is less than the downside threshold, BNS will pay you a cash payment per Security atmaturity that is less than the principal amount, if anything, resulting in a percentage loss on yourprincipal amount equal to the basket return and, in extreme situations, you could lose your entireinvestment in the Securities. The contingent repayment of principal applies only if you hold theSecurities to maturity. Any payment on the Securities, including any repayment of principal, issubject to the