FWP 1 bns_fwp-13847.htm FORM FWP

Filed Pursuant to Rule 433
Registration Statement No. 333-282565


AUTOCALLABLE STRATEGIC ACCELERATED REDEMPTION SECURITIES®


Autocallable Strategic Accelerated Redemption Securities® Linked to a Basket of Three Financial Sector Stocks
Issuer		The Bank of Nova Scotia (“BNS”)
Principal Amount		$10.00 per unit
Term		Approximately three years, if not called earlier
Market Measure		An approximately equally weighted basket of three financial sector stocks comprised of the common stock of each of The Goldman Sachs Group, Inc. (Bloomberg symbol: “GS”), JPMorgan Chase & Co. (Bloomberg symbol: “JPM”) and Morgan Stanley (Bloomberg symbol: “MS”) (each, a “Basket Stock”).
Automatic Call		The notes will be called automatically if the Observation Level of the Market Measure on either of the Observation Dates is equal to or greater than the Call Level
Observation Level		The value of the Market Measure on any Observation Date
Observation Dates		Approximately one, two and three years from the pricing date
Call Level		100.00% of the Starting Value
Call Amounts		[$11.20 to $11.30] if called on the first Observation Date, [$12.40 to $12.60] if called on the second Observation Date, [$13.60 to $13.90] if called on the final Observation Date, each to be determined on the pricing date
Payout Profile at Maturity		If the notes are not called, 1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of your principal amount at risk
Threshold Value		100.00% of the Starting Value
Investment Considerations		This investment is designed for investors who anticipate that the Observation Level of the Market Measure on at least one of the Observation Dates will be equal to or greater than the Call Level and, in that case, are willing to have their notes called. This investment is also designed for investors who are willing to accept that their return on their investment will be capped at the applicable Call Premium, take full downside risk and forgo interim interest payments.
Preliminary Offering Documents		http://www.sec.gov/Archives/edgar/data/9631/000183988226022144/bns_fwp-13848.htm
Exchange Listing		No
You should read the relevant Preliminary Offering Documents before you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy. Risk Factors Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following: ●If the notes are not automatically called, your investment will result in a loss; there is no guaranteed return of principal. ●Payments on the notes are subject to the credit risk of BNS, and actual or perceived changes in the creditworthiness of BNS are expected to affect the value of the notes. If BNS becomes insolvent or is unable to pay its obligations, you may lose your entire investment. ●Changes in the price of one of the Basket Stocks may be offset by changes in the prices of the other Basket Stocks. ●The initial estimated value of the notes on the pricing date will be less than their public offering price. ●If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date. ●If called, your return on the notes is limited to the applicable Call Premium. ●You will have no rights of a holder of the Basket Stocks, and you will not be entitled to receive any shares of the Basket Stocks or dividends or other distributions by the Underlying Companies. ●We do not control any Underlying Company and are not responsible for any disclosure made by any other company. The companies included in the Basket will have no obligations relating to the notes. ●Payments on the notes will not be adjusted for all corporate events that could affect the Basket Stocks. ●The Basket Stocks are concentrated in one sector. ●Adverse conditions in the financial sector may reduce your return on the notes. ●Economic conditions have adversely impacted the stock prices of many companies in the financial services sector, and may do so during the term of the notes. Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure.

The Bank of Nova Scotia (“BNS”) has filed a registration statement (which includes a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the notes that are described in this Guidebook. Before you invest, you should carefully read the prospectus in that registration statement and other documents that BNS has filed with the SEC for more complete information about BNS and any offering described in this Guidebook. You may obtain these documents without cost by visiting EDGAR on the SEC Website at www.sec.gov. BNS’s Central Index Key, or CIK, on the SEC website is 9631. Alternatively, Merrill Lynch will arrange to send you the prospectus and other documents relating to any offering described in this document if you so request by calling toll-free 1-800-294-1322. BNS faces risks that are specific to its business, and we encourage you to carefully consider these risks before making an investment in its securities.

SEC Form FWP filed by Bank Nova Scotia Halifax Pfd 3