Canadian Imperial Bank of Commerce 424B Filings

Canadian Imperial Bank of Commerce is offering Digital S&P 500® Index-Linked Notes that are unsecured, senior debt obligations with a minimum denomination of $1,000 per note. The notes do not pay interest. Instead, the cash payment at maturity, expected between 17 and 20 months after the trade date, depends on the performance of the S&P 500® Index from the trade date to a single determination date.

If the S&P 500® final level is at least 90.00% of its initial level, investors receive a capped "threshold settlement amount," expected to be between $1,111.10 and $1,130.70 per $1,000 note. If the index falls more than 10.00%, principal is reduced using a buffer rate of approximately 111.11%, and losses can reach 100% of the investment. The bank’s estimated value on the trade date is expected to be between $973.70 and $993.70 per note, below the $1,000 issue price.

The notes are not insured by the Canada Deposit Insurance Corporation or the FDIC, will not be listed on any exchange, and are subject to CIBC’s credit risk. The product involves complex payoff, market, liquidity, conflict-of-interest and tax risks, with U.S. and Canadian tax treatment described as uncertain and potentially adverse.

Canadian Imperial Bank of Commerce is offering $14,512,000 of Contingent Income Auto-Callable Securities due December 15, 2028, linked to the common stock of Amazon.com, Inc. Each $1,000 security can pay a contingent quarterly coupon at an annual rate of 11.04% ($27.60 per quarter) if Amazon’s share price on the relevant determination date is at least 65% of the $226.19 initial share price (a downside threshold of $147.0235). The notes auto-call on any of the first eleven determination dates if Amazon closes at or above the initial share price, returning principal plus that period’s coupon. If held to maturity and Amazon’s final price is below the downside threshold, repayment is reduced 1-for-1 with the stock’s decline and can fall to zero, so principal is fully at risk. The unsecured notes are not listed on an exchange, include selling and structuring fees, and have an initial estimated value of $973.90 per $1,000.

Canadian Imperial Bank of Commerce is offering senior unsecured Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the EURO STOXX 50 Index, maturing around December 21, 2028. The Notes pay a quarterly contingent coupon at an annual rate of 7.15% to 7.65% (about $0.17875 to $0.19125 per $10 per quarter) only if, on each Coupon Determination Date, both indices are at or above 70.00% of their Initial Levels (the Coupon Barriers).

The Notes are automatically called if, on any quarterly Call Observation Date starting June 17, 2026, both indices are at or above their Initial Levels; in that case, holders receive $10 per Note plus the applicable coupon and no further payments. If the Notes are not called and, at final valuation, the least performing index is at or above 70.00% of its Initial Level (the Downside Threshold), holders receive $10 plus the final coupon. If it is below 70.00%, repayment is reduced in proportion to the index decline, and up to 100% of principal can be lost.

The Notes are not listed on any exchange, pay no dividends from the underlying indices, and all payments depend on CIBC’s credit. The initial estimated value is expected to be between $9.482 and $9.719 per $10 principal amount, lower than the $10 price to the public.

Canadian Imperial Bank of Commerce is offering three-year Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the EURO STOXX 50® Index. The notes pay a quarterly contingent coupon at an annual rate of 9.15% to 9.65% only if each index is at or above 70% of its initial level on the relevant determination date.

Starting on June 17, 2026, the notes are automatically called if both indices are at or above their initial levels on a quarterly observation date, returning principal plus that quarter’s coupon. If not called, and at maturity the worst-performing index is at or above 70% of its initial level, investors receive principal plus the final coupon. If the worst index finishes below 70%, repayment is reduced in line with its loss and up to 100% of principal can be lost.

Payments depend on CIBC’s credit. The notes are unsecured, senior obligations, not insured by CDIC or FDIC, not bail-inable, and will not be listed on any exchange. The initial estimated value is expected between $9.672 and $9.911 per $10 note, below the price to public.

Canadian Imperial Bank of Commerce is offering $2,106,000 of senior unsecured barrier digital notes linked to the worst performing of Robinhood (HOOD), Advanced Micro Devices (AMD), and Intel (INTC), maturing on December 16, 2027.

Each note has a $1,000 principal amount. If the worst performing stock’s final price is at or above its barrier (50% of its initial price), investors receive $1,723.70 per note, reflecting a fixed digital return of 72.37%.

If the worst performer finishes below its barrier, repayment equals $1,000 plus the percentage change of that stock, so losses match the decline and can reach a 100% loss of principal.

The notes pay no interest, are subject to CIBC’s credit risk, will not be listed on any exchange, and had an initial estimated value of $949.80 per $1,000 at the trade date, below the price to the public because of selling, structuring and hedging costs.

Canadian Imperial Bank of Commerce is offering 2,238,186 Autocallable Strategic Accelerated Redemption Securities linked to the Russell 2000 Index, each with a $10 principal amount. The notes can be automatically called on annual observation dates through 2030 if the index closes at or above the starting level of 2,590.605, paying call amounts per unit from $10.852 (an 8.52% premium) on the first date up to $14.260 (a 42.60% premium) on the final date. If the notes are never called and the index ends at or above the threshold value of 2,202.014, investors receive back the $10 principal; if it finishes below that threshold, losses mirror index declines beyond the 15% buffer, with up to 85% of principal at risk.

The public offering price is $10.00 per unit, with an underwriting discount of $0.20 and a hedging-related charge of $0.05, leading to proceeds before expenses of $9.80 per unit to CIBC and an initial estimated value of $9.709 per unit. The notes pay no periodic interest, do not provide dividends from the Russell 2000 stocks, are senior unsecured obligations of CIBC subject to its credit risk, and will not be listed on an exchange, so secondary market liquidity may be limited.

Canadian Imperial Bank of Commerce is issuing senior unsecured autocallable notes linked to a basket of Goldman Sachs, Morgan Stanley and JPMorgan shares, in a $18,089,320 offering priced at $10 per unit. The notes can be automatically called in about three years or earlier if the basket is at or above its 100 starting value on scheduled observation dates, paying call amounts of $11.453, $12.906 or $14.359 per unit, which represent premiums of 14.53%, 29.06% and 43.59%.

If the notes are not called and the basket finishes below the starting value, investors lose principal on a one-for-one basis, with no interest payments and no dividends from the underlying stocks. The initial estimated value is $9.523 per unit, below the $10 price, reflecting CIBC’s lower internal funding rate, a $0.20 underwriting discount and a $0.05 hedging-related charge. The notes are unsecured, not listed on an exchange, and all payments depend on CIBC’s credit risk.

Canadian Imperial Bank of Commerce (CIBC) is offering 3,327,491 Autocallable Strategic Accelerated Redemption Securities linked to the Russell 2000 Index at $10 principal per unit, for a total public offering price of $33,258,460. Before expenses, CIBC expects proceeds of $9.80 per unit, or $32,609,411.80, after a $0.20 underwriting discount and a $0.05 per unit hedging-related charge built into the economics.

The notes have a term of about three years and may be automatically called if the index is at or above the starting level (2,590.605) on observation dates in 2026, 2027, or 2028, paying call amounts of $11.198, $12.396, or $13.594 per unit, respectively. If never called and the index finishes below the starting value, investors have 1‑to‑1 downside exposure and can lose up to 100% of principal. The initial estimated value is $9.776 per unit, and all payments are subject to CIBC’s credit risk, with no periodic interest and no exchange listing.

Canadian Imperial Bank of Commerce plans to issue senior unsecured medium-term notes bearing a fixed 4.50% annual interest rate, payable semi-annually on June 30 and December 31, starting June 30, 2026. The notes are scheduled to mature on December 31, 2030, when investors would receive 100% of principal plus any accrued interest if the notes have not been redeemed earlier.

CIBC may redeem the notes early, in whole but not in part, on December 31 of each year from 2027 through 2029 at 100% of principal plus accrued interest, which could limit future interest payments if exercised. The notes are not listed on any securities exchange and are subject to the credit risk of CIBC.

The notes are also designated as bail-inable debt securities under Canadian law, meaning they may be converted into CIBC common shares or varied or extinguished if Canadian bank resolution powers are exercised. U.S. holders are generally treated as holding taxable debt instruments for U.S. federal income tax purposes, and non-resident holders face specific Canadian tax considerations described in the document.

Canadian Imperial Bank of Commerce is offering Digital S&P 500® Index-Linked Notes in $1,000 denominations that do not pay interest and put all principal at risk. The notes’ return depends on the S&P 500® Index over roughly 28–31 months. If the final index level is at least 85% of the initial level, investors receive a capped payment, with the threshold settlement amount expected to be between $1,168.00 and $1,197.60 per $1,000 note. If the index falls more than 15% from its initial level, repayment is reduced by a buffer formula that can lead to a partial or total loss of principal, as illustrated by hypothetical outcomes where a 0% final level results in a zero payment.

The notes are unsecured, unsubordinated obligations of CIBC, subject to the bank’s credit risk, and are not insured by any government deposit insurer. They will not be listed on any securities exchange, and any secondary market making by CIBC World Markets Corp. is discretionary. CIBC’s estimated value on the trade date is expected to be between $975.80 and $995.80 per note, below the $1,000 issue price due to selling, structuring and hedging costs. The U.S. and Canadian tax treatment is complex and potentially subject to change, and investors are urged to review the detailed tax sections and risk factors.

Canadian Imperial Bank of Commerce is offering $5,000,000 of 5.20% senior callable notes due December 12, 2035. The notes pay fixed interest at 5.20% per year, with semi-annual payments on June 12 and December 12, starting June 12, 2026, and return 100% of principal at maturity if not earlier redeemed.

CIBC may redeem the notes in whole at par plus accrued interest on any December 12 from 2026 through 2034. The notes are senior unsecured obligations, issued in $1,000 denominations, will not be listed on any securities exchange, and are bail-inable under Canadian bank resolution powers, meaning they can be converted into common shares or written down in a viability crisis.

Canadian Imperial Bank of Commerce is offering 5.40% Senior Global Medium-Term Callable Notes due December 6, 2045, issued in U.S. dollars. Each Note has a $1,000 minimum denomination, pays interest semi-annually on June 22 and December 22 starting in 2026, and returns 100% of principal at maturity if not redeemed earlier.

CIBC may redeem the Notes at par, in whole but not in part, on December 22 each year from 2028 through 2044, plus accrued interest. The Notes are senior unsecured obligations of CIBC, are not insured by any deposit insurer, will not be listed on an exchange, and are subject to Canadian bail‑in powers that can convert them into CIBC common shares or extinguish them in a resolution scenario.

The public offering price is generally $1,000 per Note, with CIBC World Markets earning up to $20 (2.00%) per $1,000 in commissions and having the ability to reallow concessions to other dealers. U.S. and Canadian tax sections explain that interest is generally treated as ordinary income for U.S. holders and discuss key Canadian non‑resident tax considerations.

Canadian Imperial Bank of Commerce plans to issue senior unsecured 4.60% callable notes maturing on December 6, 2032, as part of its global medium-term note program. The notes pay interest semi-annually on January 22 and July 22, starting July 22, 2026, at a fixed rate of 4.60% per year.

CIBC may redeem the notes early, in whole but not in part, on January 22 of each year from 2027 through 2032 at 100% of principal plus accrued interest. The notes are issued in minimum denominations of $1,000 and are expected to price at $1,000 per note, with an underwriting discount of up to $12.00 and proceeds to CIBC of at least $988.00 per note.

The notes are bail-inable debt securities, meaning they can be converted into common shares of CIBC or its affiliates, or varied or extinguished, under Canadian bank resolution powers if the bank becomes non-viable. They will not be listed on any securities exchange, are subject to the credit risk of CIBC, and may have limited or no secondary market liquidity.

Canadian Imperial Bank of Commerce describes the terms and risks of its Leveraged Index Return Notes (LIRNs), which are senior unsecured debt securities linked to one or more equity indices or exchange-traded funds. These notes do not pay interest, are not principal protected, and repayment depends both on the performance of a specified “Market Measure” and on CIBC’s creditworthiness.

The document explains that investors may lose all or a significant portion of their investment if the linked index or fund falls below a defined threshold, and returns may also be capped or subject to an automatic call feature that can shorten the investment term. It details how starting, observation, and ending values are calculated, how participation rates, caps and call premiums work, and how LIRNs can be affected by market disruptions, liquidity, currency moves, basket structures and credit spreads.

Extensive risk disclosures cover valuation uncertainties, limited or no secondary market, hedging and conflict-of-interest considerations with affiliated dealers, the lack of rights in the underlying indices or funds, and complex U.S. and Canadian tax treatment. Overall, the product is positioned as a complex, high-risk market-linked note suitable only for investors who understand equity and ETF-based derivatives and can tolerate the potential for full loss of principal.

Canadian Imperial Bank of Commerce is offering $2,204,000 of capped leveraged buffered S&P 500® Index-linked notes due September 29, 2027. Each $1,000 note is unsecured, does not pay interest, and returns an amount at maturity based on the S&P 500® performance from the trade date to September 27, 2027.

If the index rises, holders receive 1.5 times the index gain, capped at a maximum settlement amount of $1,233.55 per $1,000 note, which corresponds to a cap level of 115.57% of the initial index level of 6,705.12. If the index falls by up to 12.50%, investors receive back $1,000 per note. If the index declines by more than 12.50%, principal is reduced using a buffer rate of approximately 114.29%, and the repayment can fall to zero.

The bank’s estimated value on the trade date is $994.20 per note, below the $1,000 issue price, reflecting selling, structuring and hedging costs. The notes are not insured, are subject to the credit risk of CIBC, will not be listed on an exchange, and may have limited or no secondary market liquidity. U.S. and Canadian tax treatment is complex and may change.

Canadian Imperial Bank of Commerce is offering $1,867,000 of senior market-linked notes, each with a $1,000 face amount, tied to the Nasdaq-100 Index® under a 424(b)(2) pricing supplement. The notes are auto-callable on annual Call Observation Dates from November 30, 2026 through November 26, 2029, with fixed Call Premiums of 8.15%, 16.30%, 24.45% and 32.60% of face amount if the Index is at or above the Starting Level.

If not called, investors receive full principal at maturity only if the Index decline does not exceed 10%; below the 90% Threshold Level, they have 1‑to‑1 downside exposure beyond that buffer and may lose up to 90% of principal. The notes pay no interest or dividends, are unsecured obligations subject to CIBC’s credit risk, and will not be listed on an exchange. The issuer’s estimated value is $956.60 per note, below the $1,000 offering price, reflecting selling, structuring and hedging costs.

Canadian Imperial Bank of Commerce is issuing senior market-linked notes tied to the lowest-performing of Target, Chipotle Mexican Grill and NIKE Class B stock, with a total offering of $1,880,000 at $1,000 per security. The notes pay a quarterly contingent coupon at 25.80% per annum only if the lowest-performing stock on each determination date is at or above its coupon threshold, set at 75% of its starting price, with a “memory” feature that can make up previously missed coupons.

From November 2026 to August 2028, the notes are automatically called at face value plus due coupons if the lowest-performing stock is at or above its starting price. If not called, principal is protected at maturity only if the lowest-performing stock stays at or above 75% of its starting price; below that level, investors lose more than 25%, up to all principal. The notes are unsecured obligations of CIBC, have an estimated value of $916.50 per security, are not listed on any exchange, and are subject to CIBC’s credit risk and complex U.S. and Canadian tax treatment.

Canadian Imperial Bank of Commerce (CIBC) is offering senior global medium‑term notes that are market-linked, auto-callable and carry contingent coupons with a memory feature. The securities are tied to the lowest performing of Amazon.com, Alphabet Class A and Meta Platforms Class A stock. Each security has a $1,000 face amount, with a Contingent Coupon Rate of at least 17.50% per annum, payable quarterly only if the lowest performing stock on the relevant determination date is at or above 70% of its starting price. Automatic call can occur quarterly from June 2026 through September 2028 if the lowest performing stock is at or above its starting price, returning face amount plus due coupons. If the notes are not called and the lowest stock ends below 70% of its starting price at maturity in December 2028, principal is reduced in full proportion to that decline, potentially to zero. CIBC’s estimated value on the pricing date is expected to be at least $900 per security, below the $1,000 offering price.

Canadian Imperial Bank of Commerce is offering senior market-linked notes tied to the lowest performing of Amazon.com, Dell Technologies and Meta Platforms, maturing in November 2027. The notes are issued at $1,000 per security, for a total original offering price of $2,460,000, with net proceeds to CIBC of $2,402,805.

The notes pay a contingent coupon of 19.50% per annum, assessed quarterly, only if the lowest-performing stock on each determination date is at or above 60% of its starting price, with a “memory” feature that can catch up missed coupons. They may be automatically called quarterly from May 2026 to August 2027 if that lowest stock is at or above its starting price. If not called, investors receive full principal only if the lowest stock on the final date is at or above its 60% downside threshold; otherwise repayment is reduced in line with the stock’s decline, potentially to zero. The issuer’s estimated value is $927.80 per security, and all payments depend on CIBC’s creditworthiness.

Canadian Imperial Bank of Commerce (CM) is issuing $1,592,000 aggregate principal amount of 4.35% senior unsecured callable notes due November 26, 2030. The notes pay interest semi-annually on May 26 and November 26, starting May 26, 2026, at a fixed 4.35% annual rate, with repayment of 100% of principal at maturity if not called.

CIBC may redeem the notes in full at 100% of principal plus accrued interest on November 26 of each year from 2027 through 2029. The notes are bail-inable debt securities subject to Canadian bank resolution powers, meaning they can be converted into CIBC common shares or varied or extinguished if CIBC becomes non-viable. They are not insured by Canadian or U.S. deposit insurers, will not be listed on any exchange, and may have limited secondary market liquidity. Underwriting discounts are 0.613% per $1,000 note, with net proceeds to CIBC of $1,582,241.04.

Canadian Imperial Bank of Commerce is issuing unsecured Senior Global Medium-Term Notes that are auto-callable, contingent coupon securities linked to the worst performer among Amazon (AMZN), Alphabet Class A (GOOGL) and NVIDIA (NVDA), maturing on November 22, 2028. Each security has a $1,000 face amount and an original offering totaling $3,462,000, with proceeds to CIBC of $976.75 per security after underwriting. The contingent coupon rate is 12.81% per annum, paid quarterly only if the lowest-performing stock on the observation date is at or above 50% of its starting price, with a memory feature for unpaid coupons. Automatic call can occur quarterly from May 2026 through August 2028 if the lowest-performing stock is at or above its starting price. If not called, principal is repaid in full only if the lowest-performing stock on the final date is at or above 50% of its starting price; otherwise investors are fully exposed to downside and can lose most or all of principal. CIBC’s estimated value is $926.90 per security, below the $1,000 offering price, reflecting structuring, distribution and hedging costs.

Canadian Imperial Bank of Commerce (CIBC) is offering $4,508,000 aggregate principal amount of 5.15% Callable Notes due November 5, 2040. The notes pay interest semi-annually on May 17 and November 17, starting May 17, 2026, and return 100% of principal at maturity if not redeemed earlier.

CIBC may redeem the notes at par plus accrued interest on November 17 of each year from 2028 through 2039. The price to public is $1,000 per note, with a $20 underwriting discount per $1,000; net proceeds to CIBC are $4,417,840. The notes are senior unsecured, will not be listed, and are bail-inable under Canadian bank resolution powers, meaning they can be converted into common shares or varied/extinguished in a resolution scenario. Minimum denomination is $1,000, and delivery is expected on November 17, 2025 via DTC.

Canadian Imperial Bank of Commerce (CIBC) is offering $9,305,000 aggregate principal amount of 4.30% Senior Global Medium‑Term Callable Notes due November 14, 2030. The notes pay 4.30% per annum, with interest paid semi‑annually on May 14 and November 14, starting May 14, 2026. CIBC may redeem the notes, in whole but not in part, at 100% of principal plus accrued interest on November 14 of 2027, 2028, or 2029.

The notes are senior unsecured obligations of CIBC, will not be listed on any exchange, and are subject to CIBC’s credit risk. They are bail‑inable under the Canada Deposit Insurance Corporation Act, meaning they can be converted into common shares or varied/extinguished in a resolution scenario. Minimum denomination is $1,000. Pricing terms include a per‑note price of $1,000, an underwriting discount of $6.22, and total proceeds to CIBC of $9,247,122.90. Delivery is expected November 14, 2025 via DTC.

Canadian Imperial Bank of Commerce is offering $1,419,000 aggregate principal amount of 4.00% Callable Notes due November 14, 2028. The notes pay interest semi‑annually on May 14 and November 14, beginning May 14, 2026, and return 100% of principal at maturity if not redeemed earlier.

CIBC may redeem the notes, in whole but not in part, at par plus accrued interest on November 14, 2026 or November 14, 2027. The notes are senior unsecured obligations, will not be listed, and are bail‑inable under the CDIC Act.

The price to the public is $1,000 per note (fee‑based accounts: $995.50). The underwriting discount is $4.50 per $1,000, for total underwriting of $6,385.50, resulting in proceeds to CIBC of $1,412,614.50. Settlement is expected on November 14, 2025 through DTC in $1,000 minimum denominations.

Canadian Imperial Bank of Commerce is issuing approximately $40.63 million of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index, maturing on November 18, 2030. The notes pay a 7.56% per annum contingent coupon (1.89% per quarter) only if, on each quarterly determination date, both indices are at or above 70% of their initial level. Beginning May 12, 2026, the notes are automatically called if both indices are at or above their initial level, in which case holders receive principal plus the relevant coupon and the product terminates early.

If the notes are not called and the worst index stays at or above its 70% coupon barrier at final valuation, investors receive principal plus the final coupon; if it falls below 70% but stays at or above 60%, only principal is repaid. If the least performing index ends below 60% of its initial level, repayment is reduced in line with that decline, up to a 100% loss of principal. The notes are unsecured, unsubordinated obligations of CIBC, not insured by CDIC or FDIC, with an initial estimated value of $9.632 per $10 note, below the $10 issue price.

Canadian Imperial Bank of Commerce is offering senior unsecured market-linked notes with auto-call, contingent coupons and downside risk, linked to the lowest performing of Amazon.com, Dell Technologies Class C and Meta Platforms Class A shares, maturing in November 2027. Each $1,000 security can pay a quarterly contingent coupon at a rate of at least 19.22% per annum if the lowest-performing stock on the relevant determination date is at or above 60% of its starting price, with a memory feature for previously missed coupons. The notes may be automatically called quarterly from May 2026 through August 2027 if the lowest-performing stock is at or above its starting price, returning the $1,000 face amount plus due coupons. If not called, principal is protected at maturity only if the lowest-performing stock stays at or above 60% of its starting price; otherwise, investors lose more than 40%, up to 100%, of principal. The estimated value on the pricing date is expected to be at least $924.50 per $1,000 security, versus a $1,000 offering price, and investors are exposed to CIBC’s credit risk.

Canadian Imperial Bank of Commerce is offering leveraged basket-linked notes tied to a weighted basket of five major equity indices: EURO STOXX 50 (38%), TOPIX (26%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). The notes do not pay interest and have a principal amount of $1,000 per note, with a minimum investment of one note.

At maturity, expected 14–16 months after the trade date, investors receive cash based on the basket’s performance from an initial basket level of 100. If the final basket level is above 100, the payoff equals $1,000 plus a leveraged gain using an upside participation rate expected between 130.00% and 152.00%. If the final basket level is at or below 100, investors incur a one-for-one loss with the basket return and could lose their entire investment.

The notes are unsecured, unsubordinated obligations of CIBC, subject to its credit risk, are not insured or bail‑inable, and will not be listed on any exchange. The bank’s estimated value on the trade date is expected between $965.00 and $985.00 per note, below the $1,000 issue price, reflecting internal funding and hedging costs.

Canadian Imperial Bank of Commerce (CIBC) is offering 1,704,971 units of Autocallable Strategic Accelerated Redemption Securities linked to an international equity index basket at $10.00 per unit, for a total public offering price of $17,049,710.00. Proceeds to CIBC are $9.80 per unit ($16,708,715.80), reflecting a $0.20 underwriting discount and a $0.05 hedging-related charge per unit. The initial estimated value is $9.554 per unit.

The notes are automatically callable if the Basket is at or above the Starting Value on any Observation Date, paying $10.965 if called in year one, $11.930 in year two, or $12.895 in year three; otherwise they mature on October 26, 2028 with 1-to-1 downside exposure. The Basket weights are: EURO STOXX 50 (40%), FTSE 100 (20%), Nikkei 225 (20%), Swiss Market Index (7.5%), S&P/ASX 200 (7.5%), and FTSE China 50 (5%).

These senior unsecured notes pay no periodic interest, are subject to CIBC credit risk, and will not be listed; secondary liquidity may be limited.

Canadian Imperial Bank of Commerce plans an offering of Senior Global Medium‑Term Notes: Market Linked Securities auto‑callable and buffered to the Nasdaq‑100 Index, due November 29, 2029. The notes are issued at $1,000 per security and pay no interest.

An automatic call occurs if the Index closing level on a Call Observation Date is at or above the Starting Level, returning face value plus a fixed Call Premium of at least 8.15%, 16.30%, 24.45% or 32.60% for 2026, 2027, 2028 or 2029, respectively. If not called, maturity pays $1,000 if the Index is down by no more than 10%; below that threshold, repayment is reduced 1‑for‑1 beyond 10%, with losses up to 90% of face amount.

All payments are subject to CIBC credit risk. The estimated value is expected to be at least $945.70 per security. The maximum underwriting discount is up to $28.25 per security. The securities will not be listed and do not pay dividends.

Canadian Imperial Bank of Commerce (CIBC) filed a preliminary 424(b)(2) for Senior Global Medium‑Term Notes: Market Linked Securities—auto‑callable with contingent coupons and contingent downside, linked to the lowest performing of GS, XOM, and META, due November 22, 2028.

The notes pay a quarterly Contingent Coupon only if the lowest‑performing stock on each determination date is at or above its Coupon Threshold (70% of its Starting Price). The Contingent Coupon Rate will be at least 19.50% per annum. They are auto‑callable at the face amount plus a final coupon if, on any quarterly call observation date from May 2026 to August 2028, the lowest‑performing stock is at or above its Starting Price. If not called, principal is repaid at maturity only if the lowest‑performing stock is at or above its Downside Threshold (70% of Starting Price); otherwise, investors lose more than 30%, up to all principal.

Each security has a $1,000 face amount; the estimated value on the pricing date is expected to be at least $934.80 per security. Underwriting discount is up to $25.75 per security. The notes are unsecured, subject to CIBC credit risk, pay no dividends, and are not exchange‑listed.

Canadian Imperial Bank of Commerce (CIBC) is offering $5,750,000 of Digital MSCI EAFE Index‑Linked Notes due February 26, 2027. Each note is issued at $1,000 (price to public 100%, agent’s commission 0%), with an estimated value of $988.10 per note based on CIBC’s internal models.

The payoff depends on the MSCI EAFE Index from trade to determination. If the final index level is at least 90.00% of the initial level (2,805.57), investors receive the maximum settlement amount of $1,095.80 per $1,000. If the index declines by more than 10%, repayment is reduced using a ~111.11% buffer rate, and investors could lose some or all principal. The cap level is 109.58% of the initial index level, so upside is limited.

The notes bear no interest, are unsecured obligations of CIBC, will not be listed, and are subject to CIBC’s credit risk. The stated maturity is February 26, 2027, with the determination date on February 24, 2027. Original issue settlement is expected on October 24, 2025.

Canadian Imperial Bank of Commerce (CIBC) filed a preliminary 424(b)(2) pricing supplement for Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the EURO STOXX 50 Index. The notes offer a 7.35%–7.85% per annum contingent coupon, paid quarterly only if each index is at or above its Coupon Barrier of 70% of its Initial Level on the determination date.

The notes may be automatically called quarterly starting April 24, 2026 if each index is at or above its Initial Level, returning principal plus the coupon for that quarter. If not called, and at maturity on October 29, 2030 the least performing index is at or above its Downside Threshold of 70%, investors receive principal plus the final coupon; otherwise, repayment is reduced proportionate to the index decline, up to a 100% loss of principal.

Denominations are $10 per note (minimum $1,000). The initial estimated value is expected between $9.443 and $9.691 per $10. The underwriting discount is $0.225 per note with proceeds to CIBC of $9.775 per note. The notes are senior unsecured obligations of CIBC, not listed, and not insured.

Canadian Imperial Bank of Commerce (CIBC) plans a primary offering of Digital MSCI EAFE Index‑Linked Notes. The notes pay no interest and the maturity payment depends on the MSCI EAFE Index performance from trade date to the determination date, expected in 16–18 months. If the final index level is at least 90.00% of the initial level, each $1,000 note pays a capped amount expected between $1,083.30 and $1,097.90. If the index falls more than 10%, repayment drops by approximately the 1.1111 buffer rate and investors could lose their entire principal.

CIBC’s estimated value is expected between $968.30 and $988.30 per note, below the $1,000 issue price. The notes are unsecured obligations of CIBC, not insured by CDIC or FDIC, and will not be listed. The price to public is 100.00% with 0.00% agent’s commission, and proceeds to issuer are 100.00% per note. A fee will be paid to iCapital for services related to the offering.

Canadian Imperial Bank of Commerce is offering $594,000 aggregate principal amount of 4.75% Senior Callable Notes due October 22, 2032. The Notes pay interest annually at 4.75% and are scheduled to pay on October 22 each year, starting October 22, 2026, with principal repaid at 100% at maturity if not redeemed earlier.

CIBC may redeem the Notes at par, in whole but not in part, on annual interest payment dates from October 22, 2026 through October 22, 2031, plus accrued interest. Pricing terms indicate a $1,000 price to public per Note, a $7.50 underwriting discount (0.75%) and $992.50 proceeds per $1,000, for total net proceeds of $589,545. Minimum denominations are $1,000; delivery is expected on October 22, 2025 via DTC.

The Notes are senior unsecured, not listed on any exchange, and constitute bail-inable debt securities subject to potential conversion under the CDIC Act. All payments are subject to CIBC’s credit risk.

Canadian Imperial Bank of Commerce (CIBC) is offering Digital S&P 500 Index-Linked Notes that pay no interest and return at maturity depends on the S&P 500 Index level on the determination date.

If the final index level is at or above 87.50% of the initial level, holders receive the maximum settlement amount, expected to be $1,136.40–$1,160.40 per $1,000 note. If the final level is below 87.50%, repayment is reduced using a buffer mechanism (12.50% threshold with an approximately 114.29% buffer rate) and can fall to zero; investors could lose their entire investment.

The notes are unsecured obligations of CIBC, subject to CIBC’s credit risk, will not be listed on any exchange, and are expected to mature roughly 22–25 months after the trade date. The Bank’s estimated value on the trade date is expected to be $973.30–$993.30 per note, less than the $1,000 issue price. Minimum investment and denomination are $1,000; price to public 100% and agent’s commission 0% on initial sales.

Canadian Imperial Bank of Commerce is offering Capped Trigger Performance Leveraged Upside Securities linked to the S&P 500 Index, maturing on November 5, 2031. These unsecured, principal‑at‑risk notes pay no interest and are not insured or listed.

At maturity, investors receive $1,000 plus a leveraged gain of 125.25% of the index increase, capped at a $1,750 maximum payment per note. If the index is flat or down but at or above the 85.00% trigger level, repayment is $1,000. If the index finishes below the trigger, repayment falls one‑for‑one with the decline, and losses can reach 100%.

The price to public is $1,000 per note; agent and structuring fees total $35, with stated proceeds to the issuer of $965 per note. The initial estimated value is expected between $914.60 and $934.60 per note on the pricing date. The calculation agent is CIBC. Distribution involves CIBC World Markets and Morgan Stanley Wealth Management, with disclosed conflicts of interest and potential market‑making. Any payment is subject to CIBC’s credit risk.

Canadian Imperial Bank of Commerce (CIBC) is offering 1,165,757 units of Autocallable Strategic Accelerated Redemption Securities linked to the Russell 2000 Index at $10 per unit. The notes may be automatically called if the Index on any annual Observation Date is at or above the Starting Value of 2,468.848, paying per unit: $10.845 (year 1), $11.690 (year 2), $12.535 (year 3), $13.380 (year 4), or $14.225 (final Observation Date).

If not called and the Index ends at or above the Threshold Value of 2,098.521 (85% of Starting Value), principal is returned. Otherwise, investors have 1‑to‑1 downside exposure beyond a 15% decline, with up to 85% of principal at risk. The notes pay no periodic interest and are senior unsecured obligations subject to CIBC’s credit risk, with limited secondary market liquidity and no exchange listing.

The initial estimated value is $9.605 per unit, below the public offering price, reflecting CIBC’s internal funding rate, a $0.20 per-unit underwriting discount, and a $0.05 hedging-related charge. Gross proceeds total $11,657,570 (before expenses). Key dates: pricing October 9, 2025, settlement October 17, 2025, maturity October 25, 2030. BofA Securities is calculation agent.

Canadian Imperial Bank of Commerce (CIBC) filed a 424B2 preliminary pricing supplement for Capped Leveraged Buffered Basket‑Linked Notes. These unsecured notes pay no interest and return at maturity depends on a weighted basket: EURO STOXX 50 (38%), TOPIX (26%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).

The payoff features 220.00% upside participation to a cap, with a 15.00% buffer against declines. The maximum settlement amount is expected to be $1,255.20–$1,300.08 per $1,000 note, and principal is returned if the basket decline is up to 15%; below that, losses apply at a buffer rate of approximately 117.65%. The initial basket level is 100, and maturity is expected 24–27 months after the trade date.

CIBC’s estimated value is expected between $971.90 and $991.90 per $1,000, below the issue price. The table shows a price to public of 100.00% and agent’s commission of 0.00%. The notes will not be listed and are subject to CIBC credit risk.