<SEC-DOCUMENT>0001839882-25-069438.txt : 20251203
<SEC-HEADER>0001839882-25-069438.hdr.sgml : 20251203
<ACCEPTANCE-DATETIME>20251203094130
ACCESSION NUMBER:		0001839882-25-069438
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251203
DATE AS OF CHANGE:		20251203

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:		251545193

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>bns_fwp-40592.htm
<DESCRIPTION>FORM FWP
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                                <P style="text-align: left; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 8.0pt; "></FONT><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; ">                                        <IMG width="168.47pt" height="24.31pt" src="image1.gif" style="width: 168.47pt; height: 24.31pt; ">
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                                <P style="margin-top: 0.0pt; text-align: right; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>ISSUER FREE WRITING PROSPECTUS</font></FONT></P>
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                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; ">
                                <P style="margin-top: 0.0pt; text-align: right; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Filed Pursuant to Rule 433</font></FONT></P>
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                                <P style="margin-top: 0.0pt; text-align: right; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Registration Statement No. 333-282565</font></FONT></P>
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                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; ">
                                <P style="margin-top: 0.0pt; text-align: right; margin-bottom: 0; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Dated December 3, 2025</font></FONT></P>
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                    <P style="text-align: justify; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 10.0pt; color: #296DC1; "><font style='white-space: pre-wrap;'>Contingent Income Auto-Callable Securities due on or about December 10, 2029</font></FONT></P>
                    <P style="text-align: left; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; color: #919191; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Based on the Performance of the Common Stock of NVIDIA Corporation</font></FONT></P>
                    <P style="text-align: left; margin-top: 0; margin-bottom: 0; "><FONT style="font-size: 8.0pt; color: #919191; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Principal at Risk Securities</font></FONT></P>
                    <P style="text-align: justify; margin-top: 0; margin-bottom: 0; "><FONT style="font-size: 7.0pt; font-weight: bold; font-style: italic; color: #FF0000; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>This document provides a summary of the terms of the Contingent Income Auto-Callable Securities (the &#8220;securities&#8221;). Investors should carefully review the accompanying preliminary pricing supplement for the securities, the accompanying product supplement, the prospectus supplement and the prospectus, as well as the &#8220;Risk Considerations&#8221; section below, before making an investment decision.</font></FONT></P>
                    <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.0pt; font-weight: bold; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The securities do not guarantee any return of principal at maturity. Investors will not participate in any appreciation of the underlying stock and must be willing to accept the risk of not receiving any contingent quarterly coupons over the term of the securities. The securities are senior unsecured debt securities issued by The Bank of Nova Scotia (&#8220;BNS&#8221;), and all payments on the securities are subject to the credit risk of BNS. As used in this document, &#8220;we,&#8221; &#8220;us,&#8221; or &#8220;our&#8221; refers to BNS.</font></FONT></P>
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                                <P style="background-color: #296DC1; text-align: justify; margin-top: 0; margin-bottom: 0; "><FONT style="font-weight: bold; font-size: 6.5pt; color: #FFFFFF; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>SUMMARY TERMS</font></FONT></P>
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                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #4F81BD; border-bottom:  0.50pt solid #4F81BD; border-right:  0.50pt solid #4F81BD; border-left:  0.50pt solid #4F81BD; background-color: #296DC1; ">
                                <P style="background-color: #296DC1; text-align: justify; margin-top: 0; margin-bottom: 0; "><FONT style="font-size: 6.5pt; font-weight: normal; color: #FFFFFF; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>&nbsp;</font></FONT></P>
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                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Issuer:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>The Bank of Nova Scotia</font></FONT></P>
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                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Issue:</font></FONT></P>
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                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>Senior Note Program, Series A</font></FONT></P>
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                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Underlying stock:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>Common stock of NVIDIA Corporation (Bloomberg Ticker: &#8220;NVDA UW&#8221;)</font></FONT></P>
                            </TD>
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                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Stated principal amount:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>$1,000.00 per security</font></FONT></P>
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                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Minimum investment:</font></FONT></P>
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                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>$1,000 (1 security)</font></FONT></P>
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                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Pricing date:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>December 5, 2025</font></FONT></P>
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                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Original issue date:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>December 10, 2025 (3 business days after the pricing date; see preliminary pricing supplement).</font></FONT></P>
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                        </TR>
                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Final determination date:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>December 5, 2029, subject to postponement for certain market disruption events and as described in the accompanying product supplement.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Maturity date:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>December 10, 2029, subject to postponement for certain market disruption events and as described in the accompanying product supplement.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Early redemption:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>If the closing price of the underlying stock on any determination date other than the final determination date is <b>greater than or equal to</b> the call threshold price, the securities will be automatically redeemed for an amount per security equal to the early redemption payment on the first contingent coupon payment date immediately following the related determination date. No further payments will be made on the securities once they have been redeemed.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Early redemption payment:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>The early redemption payment will be an amount equal to (i) the stated principal amount plus (ii) the contingent quarterly coupon with respect to the applicable determination date and any previously unpaid contingent quarterly coupons with respect to any previous determination dates pursuant to the memory coupon feature.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Contingent quarterly coupon:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 6.5pt; text-align: justify; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 6.5pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif;  "><font style='white-space: pre-wrap;'>If the closing price on any determination date is <b>greater than or equal to</b> the downside threshold price, we will pay on the related contingent coupon payment date a contingent quarterly coupon of $27.80 (equivalent to 11.12% per annum of the stated principal amount) per security, plus any previously unpaid contingent quarterly coupons with respect to any previous determination dates pursuant to the memory coupon feature.</font></FONT></FONT></P>
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 6.5pt; text-align: justify; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 6.5pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif;  "><font style='white-space: pre-wrap;'>If the closing price on any determination date is less than the downside threshold price, we will not pay a contingent quarterly coupon on the related contingent coupon payment date.</font></FONT></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Memory coupon feature:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>If a contingent quarterly coupon is not paid on a contingent coupon payment date (other than the maturity date) because the closing price of the underlying stock on the related determination date is less than the downside threshold price, such contingent quarterly coupon will be paid on a later contingent coupon payment date if the closing price of the underlying stock on the determination date corresponding to such later contingent coupon payment date is greater than or equal to the downside threshold price. For the avoidance of doubt, once a previously unpaid contingent quarterly coupon has been paid on a later contingent coupon payment date, it will not be made again on any subsequent contingent coupon payment date.</font></FONT></P>
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: black; "><font style='white-space: pre-wrap;'>If the closing price of the underlying stock on each of the determination dates is less than the downside threshold price, you will receive no contingent quarterly coupons during the term of, and will not receive a positive return on, the securities.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Determination dates:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>Quarterly (as set forth on the cover of the preliminary pricing supplement), subject to postponement for non-trading days and certain market disruption events as described in the accompanying product supplement.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Contingent coupon payment dates:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>Quarterly (as set forth on the cover of the preliminary pricing supplement), subject to postponement for non-business days and certain market disruption events as described in the accompanying product supplement.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Payment at maturity:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 6.5pt; text-align: justify; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 6.5pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif;  "><font style='white-space: pre-wrap;'>If the final share price is <b>greater than or equal to</b> the downside threshold price: (i) the stated principal amount </font></FONT><FONT style="font-style: italic; font-size: 6.5pt; font-family: Arial, sans-serif;  "><font style='white-space: pre-wrap;'>plus</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif;  "><font style='white-space: pre-wrap;'> (ii) the contingent quarterly coupon with respect to the final determination date and any previously unpaid contingent quarterly coupons with respect to any previous determination dates pursuant to the memory coupon feature</font></FONT></FONT></P>
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 6.5pt; text-align: justify; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 6.5pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif;  "><font style='white-space: pre-wrap;'>If the final share price is <b>less than</b> the downside threshold price: (i) the stated principal amount </font></FONT><FONT style="font-style: italic; font-size: 6.5pt; font-family: Arial, sans-serif;  "><font style='white-space: pre-wrap;'>multiplied by</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif;  "><font style='white-space: pre-wrap;'> (ii) the share performance factor</font></FONT></FONT></P>
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 6.5pt; padding-left: 9.9pt; text-align: justify; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>If the final share price is less than the downside threshold price, the payment at maturity will be less than 55.00% of the stated principal amount and could be as low as zero.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Share performance factor:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>Final share price </font></FONT><FONT style="font-style: italic; font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>divided by</font></FONT><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'> the initial share price</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Call threshold price:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>100.00% of the initial share price, as may be adjusted in the case of certain adjustment events as described in the accompanying product supplement</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Downside threshold price:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>55.00% of the initial share price, as may be adjusted in the case of certain adjustment events as described in the accompanying product supplement</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Initial share price:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>The closing price of the underlying stock on the pricing date, as may be adjusted in the case of certain adjustment events as described in the accompanying product supplement.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Final share price:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>The closing price of the underlying stock on the final determination date, as may be adjusted in the case of certain adjustment events as described in the accompanying product supplement</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>CUSIP / ISIN:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>06419HHK3 / US06419HHK32</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Listing:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>The securities will not be listed or displayed on any securities exchange or any electronic communications network.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid #95B3D7; border-bottom:  0.50pt solid #95B3D7; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Commission:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>$25.00 per stated principal amount.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: rgb(219,229,241)">
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Estimated value on the pricing date:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.5pt; font-family: Arial, sans-serif; color: black;  "><font style='white-space: pre-wrap;'>Expected to be between $932.71 and $962.71 per security. See &#8220;Risk Factors&#8221; in the preliminary pricing supplement.</font></FONT></P>
                            </TD>
                        </TR>
                        <TR STYLE="vertical-align: top; background-color: White">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid #95B3D7; border-top:  0.50pt double #4F81BD; border-left:  0.50pt solid #95B3D7; border-right:  0.50pt solid #95B3D7; ">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; text-align: left; "><FONT style="font-weight: bold; font-size: 6.5pt; font-family: Arial, sans-serif; color: #296DC1; "><font style='white-space: pre-wrap;'>Preliminary pricing supplement:</font></FONT></P>
                            </TD>
                            <TD STYLE="padding: 0pt 5.94pt; border-bottom: #95B3D7 0.5pt solid; border-left: #95B3D7 0.5pt solid; border-top: #4F81BD 0.5pt double; border-right: #95B3D7 0.5pt solid">
                                <P style="margin-top: 0.0pt; margin-bottom: 0.0pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 6.0pt; font-family: Arial, sans-serif; color: black; font-weight: bold; "><font style='white-space: pre-wrap;'><A HREF="http://www.sec.gov/Archives/edgar/data/9631/000183988225069432/bns_424b2-40593.htm">http://www.sec.gov/Archives/edgar/data/9631/000183988225069432/bns_424b2-40593.htm</A></font></FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
                <DIV style="width: 15.84pt; float: left; ">
                    <P>&nbsp;</P>
                </DIV>
                <DIV style="width: 395.00pt; float: left; ">
                    <TABLE width="100.00%" style="margin-left: 85pt; width: 79%; table-layout: fixed; border-collapse: collapse; ">
                        <TR>
                            <TD width="110.00%" style="width: 110.00%; border: 0; margin: 0; padding: 0; height: 0; ">
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 2.37pt; padding-right: 2.37pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #296DC1; ">
                                <P style="background-color: #296DC1; text-align: justify; margin-top: 0; margin-bottom: 0; "><FONT style="font-weight: bold; color: #FFFFFF; font-size: 8.0pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>HYPOTHETICAL PAYOUT</font></FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                    <P style="margin-top: 1.1pt; margin-bottom: 0.0pt; margin-left: 85pt; line-height: 7.0pt; text-align: justify; "><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The below figures are based on a hypothetical downside threshold price of 55.00% of a hypothetical initial share price and are purely hypothetical (the actual terms of your securities will be determined on the pricing date and will be specified in the final pricing supplement).</font></FONT></P>
                    <P style="margin-top: 6.6pt; margin-bottom: 6.6pt; margin-left: 85pt; text-align: justify; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; color: #296DC1; font-size: 8.0pt; "><font style='white-space: pre-wrap;'>Hypothetical Payment at Maturity if No Early Redemption Occurs</font></FONT></P>
                    <TABLE width="100.00%" style="margin-left: 85pt; width: 79%; table-layout: fixed; border-collapse: collapse; ">
                        <TR>
                            <TD width="55.00%" style="width: 55.00%; border: 0; margin: 0; padding: 0; height: 0; ">
                            </TD>
                            <TD width="55.00%" style="width: 55.00%; border: 0; margin: 0; padding: 0; height: 0; ">
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #DBE5F1; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-weight: bold; font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Change in Underlying Stock</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; background-color: #DBE5F1; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-weight: bold; font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>Payment at Maturity (excluding any contingent quarterly coupon payable at maturity)</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>+50.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>+40.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>+30.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>+20.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>+10.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>0.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-10.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-20.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-30.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-40.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; background-color: #DBE5F1; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-weight: bold; font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-45.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; background-color: #DBE5F1; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-weight: bold; font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$1,000.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-46.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$540.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-50.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$500.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-60.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$400.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-70.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$300.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-80.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$200.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-90.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-top:  0.50pt solid black; border-bottom:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$100.00</font></FONT></P>
                            </TD>
                        </TR>
                        <TR style="vertical-align: top; ">
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; border-left:  0.50pt solid black; border-right:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>-100.00%</font></FONT></P>
                            </TD>
                            <TD style="padding-top: 0.0pt; padding-left: 5.94pt; padding-right: 5.94pt; padding-bottom: 0.0pt; border-bottom:  0.50pt solid black; border-top:  0.50pt solid black; border-right:  0.50pt solid black; border-left:  0.50pt solid black; ">
                                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>$0.00</font></FONT></P>
                            </TD>
                        </TR>
                    </TABLE>
                </DIV>
<BR clear="all" style="font-size: 1px; ">
            </DIV>
            <DIV style="width: 807.84pt; padding: 0 31.68pt 15.84pt 31.68pt; min-height: 15.84pt; position: relative; ">
                <P style="text-align: center; margin-top: 0; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-size: 9.0pt; "><font style='white-space: pre-wrap;'>A-</font><FONT>1</FONT></FONT></P>
            </DIV>
        </DIV>
        <DIV style="page-break-after: always; border-bottom: 1pt solid black; ">
            <P></P>
        </DIV>
        <DIV style="margin: auto; width: 871.20pt; padding: 36pt 0; ">
            <DIV style="width: 839.52pt; padding: 10.00pt 15.84pt 0 15.84pt; min-height: 10.00pt; position: relative; ">
            </DIV>
            <DIV style="width: 839.52pt; padding: 10pt 15.84pt 10pt 15.84pt; position: relative; margin-bottom: 20pt; ">
                <P style="margin-top: 2.2pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>You will find a link to the accompanying preliminary pricing supplement for the securities above and links to the accompanying product supplement and accompanying prospectus for the securities under &#8220;Additional Information About BNS and the Securities&#8221; in the preliminary pricing supplement, which you should read and understand prior to investing in the securities.</font></FONT></P>
                <P style="margin-top: 2.2pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The issuer has filed a registration statement (including a prospectus as supplemented by a prospectus supplement, product supplement and the preliminary pricing supplement) with the Securities and Exchange Commission (the &#8220;SEC&#8221;) for the offering to which this communication relates. Before you invest, you should read the accompanying prospectus in that registration statement and the other documents the issuer has filed with the SEC, including the accompanying preliminary pricing supplement and the accompanying prospectus supplement and product supplement, for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (212) 225-5678. Our Central Index Key, or CIK, on the SEC web site is 0000009631.</font></FONT></P>
                <P style="margin-top: 3.3pt; text-align: justify; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 12.0pt; color: #296DC1; "><font style='white-space: pre-wrap;'>Risk Considerations</font></FONT></P>
                <P style="margin-top: 2.2pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The risks set forth below are discussed in more detail in the &#8220;Risk Factors&#8221; section in the preliminary pricing supplement. Please review those risk factors carefully prior to making an investment decision.</font></FONT></P>
                <P style="margin-top: 3.3pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.5pt; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Risks Relating to Return Characteristics</font></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Risk of loss at maturity.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Contingent repayment of stated principal amount only at maturity.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>You may not receive any contingent quarterly coupons.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Greater expected volatility with respect to the underlying stock generally reflects a higher contingent quarterly coupon and a higher expectation as of the pricing date that the final share price of the underlying stock could be less than the downside threshold price on the final determination date.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The securities are subject to reinvestment risk in the event of an early redemption.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The contingent quarterly coupon, if any, is based solely on the closing price or the final share price, as applicable.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Your potential return on the securities is limited, you will not participate in any appreciation of the underlying stock and you will not realize a return beyond the returns represented by the contingent quarterly coupons received, if any, during the term of the securities.</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.5pt; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Risks Relating to Characteristics of the Underlying Stock</font></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The securities are subject to risks associated with investments in single equity securities.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>There can be no assurance that the investment view implicit in the securities will be successful.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>There is no affiliation between BNS and the underlying stock issuer.</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.5pt; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Risks Relating to Estimated Value and Liquidity</font></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>BNS&#8217; initial estimated value of the securities at the time of pricing (when the terms of your securities are set on the pricing date) will be lower than the issue price of the securities.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Neither BNS&#8217; nor SCUSA&#8217;s estimated value of the securities at any time is determined by reference to credit spreads or the borrowing rate BNS would pay for its conventional fixed-rate debt securities.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>BNS&#8217; initial estimated value of the securities does not represent future values of the securities and may differ from others&#8217; (including SCUSA&#8217;s) estimates.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The securities have limited liquidity.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The price at which SCUSA would buy or sell your securities (if SCUSA makes a market, which it is not obligated to do) will be based on SCUSA&#8217;s estimated value of your securities.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The price of the securities prior to maturity will depend on a number of factors and may be substantially less than the stated principal amount.</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.5pt; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Risks Relating to General Credit Characteristics</font></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Payments on the securities are subject to the credit risk of BNS.</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.5pt; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Risks Relating to Hedging Activities and Conflicts of Interest</font></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Hedging activities by BNS and SCUSA may negatively impact investors in the securities and cause our respective interests and those of our clients and counterparties to be contrary to those of investors in the securities. </font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The calculation agent can make antidilution and other adjustments that may adversely affect the market value of, and any amounts payable on, the securities.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>We, SCUSA and our other affiliates regularly provide services to, or otherwise have business relationships with, a broad client base, which has included and may include us and the underlying stock issuer and the market activities by us, SCUSA or our other affiliates for our or their own respective accounts or for our clients could negatively impact investors in the securities.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Activities conducted by BNS and its affiliates may impact the market price of the underlying stock and the value of the securities.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>The calculation agent will have significant discretion with respect to the securities, which may be exercised in a manner that is adverse to your interests.</font></FONT></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>BNS and its affiliates may publish research or make opinions or recommendations that are inconsistent with an investment in the securities.</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.5pt; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Risks Relating to Canadian and U.S. Federal Income Taxation</font></FONT></P>
                <P style="margin-top: 0.0pt; text-align: justify; margin-bottom: 0; margin-left: 9.90pt; text-indent: -9.90pt; "><!--[if IE]<FONT style="display: inline-block; width: 9.90pt; text-indent: -9.90pt; "><![endif]--><FONT style="display: inline-block; width: 9.90pt; text-indent: 0; text-align: left; font-family: Arial, sans-serif; color: #296DC1; font-size: 10.0pt; ">&#9642;</FONT><!--[if IE]</FONT><![endif]--><FONT><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>Uncertain tax treatment. Significant aspects of the tax treatment of the securities are uncertain. You should consult your tax advisor about your tax situation. See &#8220;Additional Information About the Securities &#8212; Tax Considerations&#8221; and &#8220;&#8212; Material Canadian Income Tax Consequences&#8221; in the preliminary pricing supplement.</font></FONT></FONT></P>
                <P style="margin-top: 3.3pt; text-align: justify; margin-bottom: 0; "><FONT style="font-family: Arial, sans-serif; font-weight: bold; font-size: 12.0pt; color: #296DC1; "><font style='white-space: pre-wrap;'>Underlying Stock</font></FONT></P>
                <P style="margin-top: 3.3pt; text-align: justify; margin-bottom: 0; "><FONT style="font-size: 7.5pt; font-family: Arial, sans-serif; "><font style='white-space: pre-wrap;'>For information about the underlying stock, including historical performance information, see &#8220;Information About the Underlying Stock&#8221; in the preliminary pricing supplement.</font></FONT></P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
