# EDGAR Filing Document

**Accession Number:** 0000009631
**File Stem:** 0001839882-26-024232
**Filing Date:** 2026-5
**Character Count:** 26506
**Document Hash:** f317e65be6394708de86dc7a1d9a54e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001839882-26-024232.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001839882-26-024232

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK OF NOVA SCOTIA
- **CENTRAL INDEX KEY:** 0000009631
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 134941099
- **STATE OF INCORPORATION:** Z4
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-282565
- **FILM NUMBER:** 26979926

**BUSINESS ADDRESS:**
- **STREET 1:** 40 TEMPERANCE STREET
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 0B4
- **BUSINESS PHONE:** (416) 866-3672

**MAIL ADDRESS:**
- **STREET 1:** 40 TEMPERANCE STREET
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 0B4

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANK OF NOVA SCOTIA /
- **DATE OF NAME CHANGE:** 19970702
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK OF NOVA SCOTIA
- **CENTRAL INDEX KEY:** 0000009631
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 134941099
- **STATE OF INCORPORATION:** Z4
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 40 TEMPERANCE STREET
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 0B4
- **BUSINESS PHONE:** (416) 866-3672

**MAIL ADDRESS:**
- **STREET 1:** 40 TEMPERANCE STREET
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 0B4

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANK OF NOVA SCOTIA /
- **DATE OF NAME CHANGE:** 19970702

**Filed Pursuant to Rule 433<br> Registration Statement No. 333-282565**

<br> MARKET INDEX TARGET-TERM SECURITIES<sup>®</sup> (MITTS<sup>®</sup>)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; MITTS<sup>®</sup> Linked to a Global Equity Index Basket | &nbsp;&nbsp; MITTS<sup>®</sup> Linked to a Global Equity Index Basket | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Issuer** | &nbsp;&nbsp;&nbsp; The Bank of Nova Scotia ("BNS") | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Principal Amount** | &nbsp;&nbsp;&nbsp; $10.00 per unit | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Term** | &nbsp;&nbsp;&nbsp; Approximately five years | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Market Measure** | &nbsp;&nbsp;&nbsp; A global equity index basket comprised of the Dow Jones Industrial Average<sup>®</sup> (Bloomberg symbol: "INDU"), the EURO STOXX 50<sup>®</sup> Index (Bloomberg symbol: "SX5E") and TOPIX<sup>®</sup> (Bloomberg symbol: "TPX") (each, a "Basket Component"). | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Payout Profile at Maturity** | &nbsp;&nbsp;&nbsp; ●100.00% participation in increases in the Market Measure, subject to the Capped Value<br> ●If the Market Measure is flat or decreases, payment at maturity will be the Minimum Redemption Amount  | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Capped Value** | &nbsp;&nbsp;&nbsp; [$14.50 to $15.50] per unit, a [45.00% to 55.00%] return over the principal amount, to be determined on the pricing date. | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Participation Rate** | &nbsp;&nbsp;&nbsp; 100.00% | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Minimum Redemption Amount** | &nbsp;&nbsp;&nbsp; $10.00 per unit | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Investment Considerations** | &nbsp;&nbsp;&nbsp; This investment is designed for investors who anticipate that the Market Measure will increase moderately over the term of the notes, are seeking protection against declines in the Market Measure at maturity, and are willing to accept a capped return and forgo interim interest payments. | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Preliminary Offering Documents** | &nbsp;&nbsp;&nbsp; [http://www.sec.gov/Archives/edgar/data/9631/000183988226024228/bns_fwp-15668.htm](http://www.sec.gov/Archives/edgar/data/9631/000183988226024228/bns_fwp-15668.htm) | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp; **Exchange Listing** | &nbsp;&nbsp;&nbsp; No | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |
| &nbsp;&nbsp;&nbsp; ***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.*** <br> **<u>Risk F</u><u>actors</u>**<br> Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following: <br> ●Depending on the performance of the Market Measure as measured shortly before the maturity date, you may earn no positive return on your investment<br> ●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.<br> ●Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks included in the Market Measure.<br> ●Changes in the level of a Basket Component may be offset by changes in the level of another Basket Component. <br> ●The initial estimated value of the notes on the pricing date will be less than their public offering price.<br> ●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.<br> ●You will have no rights of a holder of the securities included in the Basket Components, and you will not be entitled to receive securities or dividends or other distributions by the issuers of the securities included in the Basket Components.<br> ●Your return on the notes may be affected by factors affecting the international securities markets, specifically changes in the countries represented by the Basket Components. In addition, you will not obtain the benefit of any increase in the value of the currencies in which the securities in the Basket Components trade against the U.S. dollar which you would have received if you had owned the securities in the Basket Components during the term of your notes, although the value of the Basket may be adversely affected by general exchange rate movements in the market.<br> *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.* | &nbsp;&nbsp;&nbsp; ***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.*** <br> **<u>Risk F</u><u>actors</u>**<br> Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following: <br> ●Depending on the performance of the Market Measure as measured shortly before the maturity date, you may earn no positive return on your investment<br> ●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.<br> ●Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks included in the Market Measure.<br> ●Changes in the level of a Basket Component may be offset by changes in the level of another Basket Component. <br> ●The initial estimated value of the notes on the pricing date will be less than their public offering price.<br> ●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.<br> ●You will have no rights of a holder of the securities included in the Basket Components, and you will not be entitled to receive securities or dividends or other distributions by the issuers of the securities included in the Basket Components.<br> ●Your return on the notes may be affected by factors affecting the international securities markets, specifically changes in the countries represented by the Basket Components. In addition, you will not obtain the benefit of any increase in the value of the currencies in which the securities in the Basket Components trade against the U.S. dollar which you would have received if you had owned the securities in the Basket Components during the term of your notes, although the value of the Basket may be adversely affected by general exchange rate movements in the market.<br> *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.* | &nbsp;&nbsp; ![](image1.gif) <br> *The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*<br> \| \| \| \|<br> \|:---\|:---\|:---\|<br> \| Hypothetical Percentage Change from the Starting Value to the Ending Value \| Hypothetical Redemption Amount per Unit \| Hypothetical Total Rate of Return on the Notes \|<br> \| -100.00% \| $10.00 \| 0.00% \|<br> \| -75.00% \| $10.00 \| 0.00% \|<br> \| -50.00% \| $10.00 \| 0.00% \|<br> \| -25.00% \| $10.00 \| 0.00% \|<br> \| -10.00% \| $10.00 \| 0.00% \|<br> \| -5.00% \| $10.00 \| 0.00% \|<br> \| 0.00% \| $10.00(1) \| 0.00% \|<br> \| 10.00% \| $11.00 \| 10.00% \|<br> \| 20.00% \| $12.00 \| 20.00% \|<br> \| 30.00% \| $13.00 \| 30.00% \|<br> \| 40.00% \| $14.00 \| 40.00% \|<br> \| 50.00% \| $15.00(2) \| 50.00% \|<br> \| 60.00% \| $15.00 \| 50.00% \|<br> \| 70.00% \| $15.00 \| 50.00% \| (1)The Redemption Amount per unit will not be less than the Minimum Redemption Amount.<br> (2)The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value |

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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.