Canadian Imperial Bank of Commerce 424B Filings

Canadian Imperial Bank of Commerce is issuing $1,601,000 of senior market-linked notes tied to the S&P 500, Russell 2000 and EURO STOXX 50. These auto-callable securities pay an 8.00% contingent annual coupon only when the lowest-performing index on each quarterly determination date is at least 70% of its starting level.

If the lowest-performing index is at or above its starting level on any call observation date from July 2026 to October 2029, the notes are automatically redeemed at par plus a final coupon. If not called, investors receive full principal at maturity only if the lowest index on the final date is at or above its 70% downside threshold; otherwise principal is reduced in line with that index, with losses that can reach 100%. The notes do not share in any index upside or pay dividends, carry CIBC credit risk, and are expected to be illiquid and held to maturity or early call.

Canadian Imperial Bank of Commerce is issuing $1,980,000 of 4.25% senior unsecured callable notes due February 4, 2030. Investors receive semi-annual interest at 4.25% per year, paid on February 4 and August 4, starting August 4, 2026, with principal repaid at maturity if the notes are not redeemed early.

CIBC may redeem the notes at 100% of principal plus accrued interest on February 4 of 2027, 2028, or 2029. The offering price is $1,000 per note, with proceeds to CIBC of $1,967,625 after underwriting discounts. The notes are bail-inable under Canadian bank resolution powers, are not insured by deposit insurance agencies, will not be listed on any exchange, and are subject to CIBC’s credit, market, liquidity, tax, and conflict-of-interest risks described in the risk sections.

Canadian Imperial Bank of Commerce is offering $16,203,710 of Capped Market Index Target-Term Securities® linked to a global equity index basket, in $10 units maturing on January 31, 2031. These senior unsecured notes return at least $10 at maturity but pay no periodic interest.

Holders get 100% of any basket gain from a Starting Value of 100 up to a Capped Value of $16.417 per unit (a 64.17% maximum return); if the basket is flat or down, the maturity payment is $10, subject to CIBC’s credit risk. The basket combines the Dow Jones Industrial Average® (50% weight), EURO STOXX 50® (25%), and TOPIX® (25%).

The public offering price of $10 per unit exceeds the initial estimated value of $9.543, reflecting CIBC’s internal funding rate, a $0.25 per-unit underwriting discount and a $0.05 hedging-related charge. The notes are not listed, offer limited liquidity, and investors forgo dividends on the underlying indices. The U.S. tax analysis treats them as debt with projected OID and a projected redemption amount of $12.3669 per unit.

Canadian Imperial Bank of Commerce is offering senior unsecured market-linked notes tied to the Nasdaq-100 Index, with a $1,000 face amount per security and a total offering of $3,948,000. The notes pay no interest and are designed to be held to automatic call or maturity on February 1, 2030.

The notes are auto-callable if the index is at or above the starting level on specified observation dates, paying back $1,000 plus a fixed call premium of 8%, 16%, 24% or 32% depending on the call date. If never called, principal is protected only down to a 10% decline; below that, holders lose 1% of face for each 1% additional drop, up to a 90% loss. The estimated value on the pricing date is $960.50 per $1,000, below the original offering price, reflecting selling, structuring and hedging costs. All payments depend on CIBC’s credit and the notes will not be listed on an exchange.

Canadian Imperial Bank of Commerce (CIBC) is offering 460,764 Autocallable Strategic Accelerated Redemption Securities linked to the Nasdaq-100 Index, each with a $10 principal amount and a scheduled maturity on January 30, 2032, unless called earlier.

The notes are automatically called if the Index is at or above the Starting Value of 25,884.29 on any annual Observation Date, paying fixed Call Amounts per unit from $10.802 on the first date up to $14.812 on the final date. If never called and the Index ends at or above the Threshold Value of 22,001.65 (85.00% of the Starting Value), investors receive only their $10 principal. If the Ending Value is below the Threshold, principal is reduced 1-to-1 beyond a 15.00% decline, with up to 85.00% of principal at risk. The notes pay no periodic interest, offer no dividends, have limited liquidity, and all payments depend on CIBC’s credit; the initial estimated value is $9.707 per unit versus a $10 public offering price.

Canadian Imperial Bank of Commerce (CIBC) is offering Leveraged Index Return Notes linked to the Russell 1000 Value Index. The issue consists of 762,765 units with a $10 principal amount per unit, total public offering price of $7,627,650.00, maturing on January 31, 2031.

The notes provide 121.00% leveraged upside if the index finishes above the starting level of 2,168.359, with full principal returned if the ending value equals the starting value. If the index ends below the starting level, investors have 1-to-1 downside exposure and can lose up to 100% of principal.

The notes pay no periodic interest, all payments occur at maturity, and are senior unsecured obligations subject to CIBC’s credit risk. The initial estimated value is $9.301 per unit, below the $10 price, reflecting CIBC’s internal funding rate, a $0.25 per unit underwriting discount and a $0.05 per unit hedging-related charge. The notes will not be listed on any exchange and secondary market liquidity is expected to be limited.

Canadian Imperial Bank of Commerce is offering 2,272,518 units of Autocallable Strategic Accelerated Redemption Securities linked to the Russell 2000 Index, each with a $10 principal amount, for total public offering proceeds of $22,725,180. The notes are senior unsecured obligations of CIBC and pay no periodic interest.

The notes are automatically called if the index on an Observation Date is at or above the Starting Value of 2,654.776, paying fixed Call Amounts from $10.864 up to $14.320 per unit. If never called and the Ending Value is at least the Threshold Value of 2,256.560 (85% of the Starting Value), investors receive only principal back; if below, losses match index declines beyond 15%, with up to 85% of principal at risk.

All payments depend on CIBC’s credit, the notes are not insured, and secondary market liquidity is expected to be limited. The initial estimated value is $9.73 per unit, below the $10 public offering price, reflecting underwriting discounts, a $0.05 per-unit hedging-related charge and CIBC’s internal funding rate.

Canadian Imperial Bank of Commerce (CIBC) is offering Leveraged Index Return Notes linked to the Copper Spot Price. The notes are issued in 720,204 units with a $10 principal amount per unit, providing exposure over a term of approximately 18 months, maturing on July 30, 2027.

At maturity, investors receive a cash payment based on copper’s performance: 113% leveraged upside if the Ending Value exceeds the Starting Value of 13,844.00, full return of principal if unchanged, and 1-to-1 downside exposure if copper falls, with up to 100% loss of principal.

The notes are senior unsecured debt of CIBC, pay no periodic interest, and all payments occur at maturity, subject to CIBC’s credit risk. The public offering price is $10.000 per unit, including an underwriting discount of $0.175 and a hedging-related charge of $0.05, resulting in proceeds to CIBC of $9.825 per unit. The initial estimated value is $9.476 per unit, and the notes will not be listed on any exchange, so secondary market liquidity may be limited.

Canadian Imperial Bank of Commerce is offering 3,661,358 Capped Leveraged Index Return Notes at $10 principal amount per unit, linked to a global equity index basket. The total public offering price is $36,613,580.00, with proceeds to CIBC of $35,698,240.50 before expenses.

The notes mature on January 25, 2030 and provide 1.5-to-1 upside exposure to the basket, capped at a maximum payment of $15.58 per unit, a 55.80% return. If the basket falls below the starting value, losses match the decline on a 1-to-1 basis, up to a total loss of principal.

The basket blends eight major indices, led by a 45.00% weight to the S&P 500 Index and 15.00% to the Russell 2000 Index, with the remainder allocated across European, U.K., Japanese, Swiss and Australian benchmarks. The notes pay no periodic interest, all payments occur at maturity, and repayment depends entirely on CIBC’s credit as senior unsecured, unsubordinated debt.

The initial estimated value is $9.522 per unit, below the $10.00 public price, reflecting an underwriting discount of $0.25 per unit and a hedging-related charge of $0.05 per unit. The notes are not insured by any government agency and are expected to have limited secondary market liquidity.

Canadian Imperial Bank of Commerce is offering Capped Leveraged Buffered S&P 500® Index-Linked Notes due February 2, 2028. These unsecured notes pay no interest and repay an amount at maturity based on the S&P 500® Index performance between January 30, 2026 and January 31, 2028.

For each $1,000 note, investors receive 125% of any positive index return, capped at a maximum settlement amount of $1,201.50. If the index falls by up to 15%, principal is repaid; below that buffer, losses accelerate using a buffer rate of about 117.65%, and investors can lose their entire investment. The notes are not insured, will not be listed on an exchange, and are subject to CIBC’s credit risk. The bank’s internal models estimate the initial value at $957–$977 per $1,000, below the issue price.

Canadian Imperial Bank of Commerce is offering $8,536,500 of Trigger GEARS notes, unsecured senior debt linked to a global equity index basket. The five-year notes, issued in $10 denominations, reference a basket set at 100 and weighted mainly to the S&P 500, EURO STOXX 50 and Nikkei.

At maturity, if the basket return is positive, investors receive $10 plus 1.2757× that gain. If the basket return is between 0% and -25%, investors receive only the $10 principal. Below -25%, payoff falls one-for-one with the negative basket return, up to a total loss. The notes pay no interest, are not insured, carry full CIBC credit risk, and had an initial estimated value of $9.576 per $10 versus a $10 public offering price.

Canadian Imperial Bank of Commerce is issuing Capped Leveraged Buffered Notes linked to the MSCI EAFE® Index, with an aggregate principal amount of $7,882,000 and $1,000 per note, maturing on December 24, 2027.

The notes pay no interest. At maturity, investors receive 160.00% of any positive index return, capped at a maximum settlement amount of $1,239.04 per note, corresponding to a cap level of 114.94% of the initial index level of 3,061.23. Principal is protected only if the index does not fall more than 15.00%; below an 85.00% buffer level, losses increase at a buffer rate of approximately 117.65% and can reach 100% of principal.

The notes are unsecured, unsubordinated obligations of CIBC, not insured by any deposit insurer and not listed on an exchange. CIBC’s estimated value on the trade date is $992.10 per note, below the $1,000 issue price, reflecting selling, structuring and hedging costs and internal funding rates.

Canadian Imperial Bank of Commerce is offering $10,388,000 of CIBC Capital Markets Digital Basket-Linked Notes due July 14, 2028. The notes have a $1,000 principal amount each, pay no interest, and are unsecured obligations subject to CIBC’s credit risk.

Repayment depends on a weighted basket of five equity indices: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). If the basket is flat or higher, investors receive the greater of $1,243.90 per note or $1,000 plus basket gains. A 12.5% downside buffer protects principal only for moderate declines; below that level, losses accelerate and can reach 100% of the investment.

CIBC’s estimated value on the trade date is $994.00 per $1,000 note, lower than the issue price, reflecting selling, structuring and hedging costs. The notes are not insured, are not bail-inable, will not be listed on an exchange, and may have limited or no secondary market liquidity.

Canadian Imperial Bank of Commerce is offering $17,758,810 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500® and Russell 2000® Indexes, maturing January 28, 2031. The notes pay a 7.35% per annum contingent coupon (1.8375% per quarter) only if each index closes at or above its coupon barrier on the relevant determination date.

The notes can be called quarterly starting July 23, 2026 if both indexes are at or above their initial levels, returning principal plus the coupon for that quarter. If not called and the worst index finishes below 70.00% of its initial level at maturity, repayment is reduced in line with that index’s loss and investors can lose up to 100% of principal. Payments depend on CIBC’s credit; the bank’s initial estimated value is $9.67 per $10 note, below the $10 price to the public.

Canadian Imperial Bank of Commerce is offering $1,000,000 aggregate principal amount of 5.45% senior unsecured callable notes due January 30, 2046 under its global medium-term note program. Investors receive annual interest of 5.45%, paid every January 30, starting in 2027.

CIBC may redeem the notes at 100% of principal plus accrued interest on each January 30 from 2029 through 2045, limiting interest earned if called early. The notes are bail-inable under the Canada Deposit Insurance Corporation Act, can be converted into CIBC common shares in a resolution scenario, are not insured deposits, and will not be listed on any securities exchange.

Canadian Imperial Bank of Commerce is issuing $2,022,000 of 5.25% senior callable notes maturing on January 30, 2041. Investors receive annual interest at 5.25%, paid each January 30 from 2027 until maturity if the notes are not redeemed.

CIBC may redeem the notes at 100% of principal plus accrued interest on any interest payment date from January 30, 2029 through January 30, 2040. The notes are senior unsecured, not insured by Canadian or U.S. deposit insurers, will not be listed on any exchange, and are subject to Canadian bail-in powers, meaning they can be converted into CIBC common shares or written down if the bank becomes non-viable. Net proceeds to CIBC are $1,970,398.56 after underwriting discounts.

Canadian Imperial Bank of Commerce is issuing $2,000,000 of senior unsecured Global Medium-Term Notes, 4.45% Callable Notes due January 30, 2031. The notes pay 4.45% interest per year, with semi-annual payments on January 30 and July 30, starting July 30, 2026.

CIBC may redeem the notes at 100% of principal plus accrued interest on January 30 of 2028, 2029, or 2030. The notes are bail-inable under the Canada Deposit Insurance Corporation Act, are not insured by Canadian or U.S. deposit insurers, are issued in $1,000 denominations, will clear through DTC, and will not be listed on an exchange. The public offering price is $1,000 per note, with a 0.75% underwriting discount, resulting in $1,985,000 in proceeds to CIBC.

Canadian Imperial Bank of Commerce is offering senior unsecured 5.45% callable notes due February 13, 2046 as part of its global medium-term note program. Investors receive annual interest at 5.45% and, if the notes are not redeemed early, 100% of principal at maturity.

CIBC may redeem the notes at par plus accrued interest on February 13 of each year from 2029 through 2045, which could limit interest income if rates fall. The notes are bail-inable under Canadian law, meaning they can be converted into CIBC common shares or written down if the bank becomes non-viable.

The notes are issued in $1,000 denominations, are not insured by deposit insurers, and will not be listed on any exchange. The public issue price is $1,000 per note, with underwriting discounts up to $40 and proceeds to CIBC of at least $960 per $1,000 note.

Canadian Imperial Bank of Commerce plans to issue senior unsecured global medium-term notes paying 5.25% annual interest, with a scheduled maturity on February 13, 2041, unless redeemed earlier. Interest is paid yearly on February 13, starting in 2027, on minimum denominations of $1,000.

CIBC may redeem the notes at par, plus accrued interest, on any annual interest payment date from February 13, 2029 through 2040. The notes are bail-inable debt securities, meaning they can be converted into CIBC common shares or varied or extinguished under Canadian bank resolution powers if the bank is non-viable.

The notes rank as senior unsecured obligations, are not insured by Canadian or U.S. deposit insurers, and will not be listed on any securities exchange. An underwriting discount of up to $30 per $1,000 note applies, with fee-based accounts potentially paying between 97% and 100% of principal.

Canadian Imperial Bank of Commerce is offering senior unsecured global medium-term notes paying 5.125% annual interest and scheduled to mature on February 17, 2038, unless redeemed earlier. Interest is paid annually each February 17, starting in 2027, with principal repaid at maturity if the notes are not called.

CIBC may redeem the notes at 100% of principal plus accrued interest on each February 17 from 2028 through 2037. The notes are bail-inable under the Canada Deposit Insurance Corporation Act, meaning they can be converted into common shares of CIBC or its affiliates, or varied or extinguished, if Canadian bank resolution powers are exercised. The notes are not insured by Canadian or U.S. deposit insurance schemes and will not be listed on any securities exchange.

Canadian Imperial Bank of Commerce plans to issue senior unsecured medium-term notes paying a fixed 4.50% annual coupon, with interest paid once a year on February 13, starting in 2027. If the notes remain outstanding to maturity, investors are scheduled to receive full principal repayment plus any accrued interest on the expected maturity date of February 13, 2031.

CIBC may, at its option, redeem all of the notes at par (100% of principal plus accrued interest) on any annual interest payment date from 2028 through 2030, which could limit future interest income if called. The notes are issued in $1,000 denominations, will not be listed on any exchange, and are subject to CIBC’s credit risk. They are also designated as bail-inable debt under Canadian law, meaning they can be converted into common shares or written down by the Canada Deposit Insurance Corporation if the bank becomes non-viable, potentially leading to loss of part or all of the investment.

Canadian Imperial Bank of Commerce is offering $7,390,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and Russell 2000 Index. The notes have a 5-year term, maturing on January 28, 2031, unless called earlier.

Investors receive a 9.35% per annum contingent coupon (2.3375% per quarter, or $0.23375 per $10 note) only if both indices are at or above their coupon barriers, set at 70% of initial levels. The notes are automatically called on quarterly observation dates starting July 23, 2026 if both indices are at or above their initial levels, returning principal plus the applicable coupon.

If not called, and the final level of the least performing index is at or above its 70% downside threshold, investors receive full principal plus the final coupon; otherwise, repayment is reduced in line with that index’s loss, with up to 100% principal at risk. The notes are senior unsecured obligations of CIBC, priced at $10 per note with an initial estimated value of $9.872 and no underwriting discount, and will not be listed on any exchange.

Canadian Imperial Bank of Commerce (CIBC) is offering senior unsecured market-linked notes that pay contingent quarterly coupons and may be automatically called early. Each security has a $1,000 face amount and runs to a stated maturity in February 2030 unless called.

Coupon payments, early call, and principal repayment all depend on the lowest performing of the Russell 2000 Index, Nasdaq‑100 Index and EURO STOXX 50 Index. A quarterly coupon is paid only if this lowest index is at or above 75% of its starting level on the relevant determination date, at an annual rate of at least 9.50%. If, on any call observation date from August 2026 through November 2029, the lowest index is at or above its starting level, the notes are automatically called at par plus that quarter’s coupon.

If the notes are not called and, on the final calculation day, the lowest index is below 75% of its starting level, investors lose principal in line with that index’s decline and can lose their entire investment. Investors do not participate in any index upside or receive dividends, and all payments are subject to CIBC’s credit risk. The preliminary estimated value on the pricing date is expected to be at least $926.80 per $1,000 security, lower than the original offering price due to structuring, selling and hedging costs.

Canadian Imperial Bank of Commerce is issuing $7,600,000 of 15-year senior unsecured medium-term notes due January 30, 2041, linked to Compounded SOFR. Investors receive annual interest and full principal at maturity if the notes are not called and CIBC meets its obligations.

The notes pay a variable first-year coupon: 5.35% if Compounded SOFR on the January 25, 2027 valuation date is below 5.25%, or 5.25% if it is 5.25% or higher. From January 30, 2027 to maturity, the coupon is a fixed 5.25% per year, paid each January 30.

CIBC may redeem the notes at 100% of principal plus accrued interest, in whole but not in part, on each interest payment date from January 30, 2031 through January 30, 2040. The notes are not listed on an exchange, carry market and interest rate risk, and are subject to CIBC’s credit risk.

Canadian Imperial Bank of Commerce is offering senior unsecured market-linked notes that are auto-callable, pay contingent coupons and expose principal to equity index performance. The securities are linked to the lowest performing of the S&P 500 Index, Russell 2000 Index and EURO STOXX 50 Index and mature on February 28, 2030, unless called earlier.

Holders receive quarterly contingent coupons only if, on each determination date, the lowest performing index is at or above 70% of its starting level. From August 2026 to November 2029, if on any call observation date the lowest performing index is at or above its starting level, the notes are automatically called at face amount plus a final contingent coupon. If not called and the lowest performing index is below 70% of its starting level at final valuation, investors lose more than 30% and up to all principal. The contingent coupon rate will be at least 8.00% per annum, and CIBC’s estimated value on the pricing date is expected to be at least $929.30 per $1,000 security, below the original offering price.

Canadian Imperial Bank of Commerce is offering senior unsecured market-linked notes that are auto-callable and tied to the worst performer among Goldman Sachs, Exxon Mobil and Meta Platforms common stocks. The securities run to February 16, 2029 unless automatically called earlier.

Investors may receive quarterly contingent coupons only if the lowest-performing stock on each determination date is at or above 70% of its starting price, with a contingent coupon rate of at least 20.00% per annum. If the notes are auto-called, holders receive par plus the final coupon.

If the notes are not called and the worst-performing stock finishes below 70% of its starting price at maturity, investors lose more than 30% and up to all of principal. The notes do not participate in any stock upside, pay no dividends, and all payments depend on CIBC’s credit. The estimated value on the pricing date is expected to be at least $908.80 per $1,000 security.

Canadian Imperial Bank of Commerce is offering S&P 500® Index-linked notes that pay no interest and return a cash amount at maturity based on index performance over roughly 24–27 months. Each note has a $1,000 principal amount and is linked to the S&P 500® level on a single determination date.

Upside is leveraged at 160% but capped, with a maximum settlement amount expected between $1,207.20 and $1,243.68 per $1,000 note. A 12.50% buffer protects principal against moderate declines, but if the index falls more than 12.50%, losses accelerate and can reach a total loss of principal.

The notes are unsecured obligations of CIBC, are not insured by Canadian or U.S. deposit insurance schemes, and will not be listed on a securities exchange. The bank’s estimated value on the trade date is expected between $975.70 and $995.70 per note, below the $1,000 issue price, reflecting structuring and hedging costs.

Canadian Imperial Bank of Commerce is issuing $8,790,000 of 10-year 5.05% senior unsecured Callable Notes with a bonus coupon linked to Compounded SOFR, maturing on January 29, 2036. Net proceeds to CIBC are approximately $8,712,384.30 after an underwriting discount of 0.883%.

Interest is paid annually. For the first year, the rate is 5.15% if Compounded SOFR on the January 22, 2027 valuation date is below 5.05%, and 5.05% if it is 5.05% or higher. Thereafter, the interest rate is 5.05% per year.

CIBC may redeem the Notes at par plus accrued interest annually from January 29, 2031 through January 29, 2035, limiting future interest if called. The Notes are not exchange-listed, are not deposit-insured, and their value and payments depend on CIBC’s credit, SOFR behavior, and secondary market conditions.

Canadian Imperial Bank of Commerce is issuing Capped Leveraged S&P 500® Index-Linked Notes due January 14, 2028, with a total principal amount of $1,563,000 and denominations of $1,000 per note.

The notes pay no interest and are unsecured obligations linked to the S&P 500 Index starting from an initial level of 6,950.23. At maturity, investors receive leveraged upside of 300% of the index return, but the payoff is capped at a maximum settlement amount of $1,260.40 per $1,000 note, corresponding to a cap level of 108.68% of the initial index level.

If the final index level is equal to or below the initial level, investors incur a loss matching the index decline and can lose their entire principal. The notes are subject to CIBC’s credit risk, will not be listed on any exchange, and had an estimated value of $996.00 per note on the trade date, below the issue price.

Canadian Imperial Bank of Commerce is issuing $5,613,000 of 5.10% senior callable notes due January 29, 2038. The notes pay 5.10% interest semi-annually in U.S. dollars and may be redeemed at 100% of principal plus accrued interest on each January 29 from 2028 to 2037.

The notes are senior unsecured obligations, not insured by any deposit insurer, and are designated as bail-inable, meaning they can be converted into common shares or written off under Canadian bank resolution powers. The public issue price is $1,000 per note, with a 2.08% selling commission and approximately $5,496,249.60 in proceeds to CIBC.

Canadian Imperial Bank of Commerce is offering senior market‑linked notes tied to the worst performer of Amazon, Alphabet and Meta shares, maturing in February 2029. Each note has a $1,000 face amount and pays quarterly contingent coupons only if the lowest performing stock on each determination date is at or above 70% of its starting price.

The contingent coupon rate will be at least 16.50% per annum, with a “memory” feature that can pay previously missed coupons once the condition is met. From August 2026 through November 2028, the notes are automatically called at par plus due coupons if the lowest performing stock is at or above its starting price on a call observation date.

If not called, investors receive $1,000 at maturity only if the worst stock is at or above 70% of its starting level; otherwise, repayment is reduced in line with that stock’s decline, with losses of more than 30% and potentially all principal. Investors forgo dividends and upside in the stocks and bear full credit risk of CIBC. The original offering price is $1,000 per note, with an underwriting discount of up to $25.75 and an estimated value on the pricing date expected to be at least $905.90 per note.

Canadian Imperial Bank of Commerce is offering $1,000 face-value senior market-linked notes that pay contingent quarterly coupons at a rate of at least 12.00% per annum, but only if the lowest performing of Amazon, Alphabet Class A, or NVIDIA closes at or above 50% of its starting price on each determination date.

The notes are auto-callable quarterly from August 2026 to November 2028 if the lowest-performing stock is at or above its starting price, returning face value plus the due coupons. If not called, principal is protected at maturity only if that stock is at or above 50% of its starting price; below this level, investors lose more than 50%, up to all, of principal and still do not participate in any stock upside or dividends.

The securities are unsecured obligations of CIBC, subject to its credit risk, not insured or exchange-listed, and are designed to be held to auto-call or maturity in February 2029. The bank’s estimated value on the pricing date is expected to be at least $900.60 per $1,000 note, below the original offering price due to selling, structuring and hedging costs.

Canadian Imperial Bank of Commerce is offering senior unsecured market-linked notes that are auto-callable and tied to the worst performer of Blackstone (BX), Blue Owl Capital (OWL) and KKR & Co. (KKR). These five-year securities can pay a high contingent quarterly coupon at a rate set on the pricing date, targeted at at least 19% per year, but only when the lowest-performing stock on each determination date is at or above 60% of its initial price, with a memory feature for missed coupons.

The notes may be automatically called quarterly from August 2026 through November 2028 if the lowest-performing stock is at or above its starting price, returning principal plus the due coupon and any unpaid coupons. If not called, principal is protected at maturity only if the worst stock is at or above 60% of its starting level; if it is below that level, investors lose more than 40% and potentially all of principal, and do not participate in any upside of the stocks.

All payments depend on the credit of CIBC. The bank’s own estimated value on the pricing date is expected to be at least $900.00 per $1,000 note, reflecting embedded sales, structuring and hedging costs. The securities are not listed and are designed to be held to maturity or earlier automatic call.

Canadian Imperial Bank of Commerce is offering digital basket-linked notes with a $1,000 principal amount per note that do not pay periodic interest. The notes’ payoff depends on a weighted basket of five equity indices: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). The initial basket level is 100, and the final basket level is calculated using each index’s performance and weight.

If the final basket level is at or above 100, investors receive the greater of a threshold settlement amount, expected between $1,208.00 and $1,244.70 per note, or $1,000 plus the basket’s percentage gain. If the basket declines but stays above 87.50% of its initial level, investors receive $1,000. Below this 12.50% buffer, repayment falls with losses, using a buffer rate of about 114.29%, and investors can lose all principal. The bank’s estimated value at issuance is expected between $972.90 and $992.90 per note, below the $1,000 issue price. The notes are unsecured obligations of CIBC, not insured, not bail-inable, and will not be listed on a securities exchange.

Canadian Imperial Bank of Commerce is offering senior unsecured 5.25% Callable Notes with a bonus coupon linked to Compounded SOFR, maturing on January 30, 2041. Each Note has a $1,000 principal amount and pays annual interest, with a bonus period from the original issue date to January 30, 2027 where the rate is 5.35% if Compounded SOFR on the January 25, 2027 valuation date is below 5.25%, and 5.25% otherwise. From January 30, 2027 until maturity, the interest rate is 5.25% per year. CIBC may redeem the Notes at 100% of principal plus accrued interest on any annual interest payment date from January 30, 2031 through January 30, 2040. The Notes are not listed on any exchange, are subject to CIBC’s credit risk, and their value can be affected by interest rates, SOFR behavior, potential benchmark transitions and limited secondary market liquidity.

Canadian Imperial Bank of Commerce is issuing senior unsecured Market Linked Securities tied to the lowest performing of General Motors, Micron Technology and Tesla common stock, maturing on January 26, 2029. Each note has a $1,000 face amount and original offering price of $1,000, with total issuance of $3,360,000; CIBC’s estimated value on the pricing date is $907.70 per note.

The notes pay a 22.08% per annum contingent coupon, evaluated monthly, only if the lowest-performing stock is at or above 50% of its starting price, with a memory feature that can catch up unpaid coupons. From July 2026 through December 2028, the notes are automatically called if the lowest stock is at or above its starting price, paying par plus the applicable coupon.

If not called, investors receive full principal at maturity only if the lowest stock’s final price is at or above its 50% downside threshold. If it finishes below that level, repayment is reduced one-for-one with the decline from the starting price, leading to losses of more than half, up to total loss of principal, and investors never participate in any stock upside or dividends. The securities are unsecured obligations of CIBC, are not insured, will not be exchange-listed, and are described as suitable only for investors who understand the equity, credit, liquidity and tax risks of this complex structure.

Canadian Imperial Bank of Commerce is offering $1,000 face amount market-linked notes that pay quarterly contingent coupons at a rate of at least 9.25% per annum if, on each determination date, the lowest performing of the S&P 500, Russell 2000 and Nasdaq‑100 is at or above 75% of its starting level. Beginning in August 2026, if on a quarterly call observation date that lowest index is at or above its starting level, the notes are automatically called for $1,000 plus a final coupon.

If the notes are not called and, on the February 2030 final calculation day, the lowest index closes below 75% of its starting level, the maturity amount is reduced in proportion to that decline and investors can lose more than 25%, up to all, of principal. Any upside in the indices beyond these thresholds is not passed through; total return is limited to coupons received. The notes are unsecured, subject to CIBC’s credit risk, not insured by any deposit insurer, not listed on an exchange, and have an estimated initial value of at least $938.70 per $1,000.

Canadian Imperial Bank of Commerce is issuing $7,390,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index, maturing on January 28, 2031. The Notes pay a quarterly contingent coupon at a 9.35% per annum rate (2.3375% per quarter) only if on each Coupon Determination Date both indices close at or above their Coupon Barriers, set at 70.00% of their Initial Levels (4,840.93 for the S&P 500 and 1,868.413 for the Russell 2000).

The Notes are automatically called on any quarterly Call Observation Date, starting July 23, 2026, if both indices close at or above their Initial Levels, returning principal plus the applicable contingent coupon and ending the investment. If the Notes are not called and at maturity the least performing index is at or above its Downside Threshold (also 70.00% of its Initial Level), investors receive full principal plus the final contingent coupon.

If at maturity the least performing index finishes below its Downside Threshold, repayment is reduced in proportion to the index decline, with up to a 100% loss of principal possible. Investors do not receive dividends on the underlying stocks, the Notes are unsecured and unsubordinated obligations of CIBC, and all payments depend on CIBC’s creditworthiness. The initial estimated value is $9.872 per $10 Note, below the $10.00 issue price.

Canadian Imperial Bank of Commerce is offering $17,758,810 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the Russell 2000 Index, maturing on January 28, 2031. The notes pay a quarterly contingent coupon at a rate of 7.35% per annum (1.8375% per quarter) only if the closing level of each index on a Coupon Determination Date is at or above 70% of its initial level. Starting July 23, 2026, the notes are automatically called if both indices are at or above their initial levels, in which case investors receive principal plus the applicable coupon and no further payments.

If not called and the final level of the worst index is at or above 70% of its initial level, investors receive full principal plus the final coupon; if it is below 70%, repayment is reduced one-for-one with the index loss and up to 100% of principal can be lost. The minimum investment is $1,000 (in $10 denominations), the notes are unsecured obligations of CIBC, and the initial estimated value is $9.67 per $10, below the $10 price to public.

Canadian Imperial Bank of Commerce is offering Digital S&P 500® Index-Linked Notes due February 3, 2028, with each note having a $1,000 principal amount and total issuance of $49,015,000. The notes pay no interest and the amount you receive at maturity depends on the S&P 500 Index level on the February 1, 2028 determination date versus the initial level of 6,875.62.

If the S&P 500 final level is at least 90% of the initial level, you receive a fixed $1,171 per $1,000 note. If it falls more than 10% below the initial level, your payoff drops with losses magnified by a buffer rate of about 111.11%, and you can lose up to your entire investment. The bank’s estimated value on the trade date is $986.70 per note, below the $1,000 issue price, and the notes are unsecured obligations of CIBC, not insured, and are not listed on any exchange.

Canadian Imperial Bank of Commerce is offering Capped Leveraged Buffered MSCI EAFE® Index-Linked Notes that pay no interest and are unsecured obligations of the bank. The return at maturity depends on the MSCI EAFE® Index performance over roughly 22–25 months.

For each $1,000 note, if the index rises, investors receive 160% of the index gain, but the payoff is capped at a maximum settlement amount expected between $1,202.08 and $1,237.60. If the index falls by up to 15%, investors receive back $1,000. If it falls by more than 15%, principal loss is magnified by a buffer rate of about 117.65%, and investors can lose all of their investment.

The notes will not be listed on an exchange and are subject to CIBC’s credit risk. The bank’s estimated value on the trade date is expected between $971.70 and $991.70 per $1,000 note, below the issue price, reflecting selling, structuring and hedging costs. The notes also involve complex tax, liquidity and market risks.

Canadian Imperial Bank of Commerce is offering $5,090,200 of Trigger GEARS notes linked to the EURO STOXX 50® Index, maturing on January 27, 2031. Each note has a $10 principal amount and provides leveraged upside with 1.7825 gearing if the index return is positive.

If the index return is between 0% and -25%, investors receive only the $10 principal. If the index return is below -25%, repayment is reduced one‑for‑one with the index loss, so investors can lose up to their entire principal. The downside threshold is 4,467.13, or 75% of the initial index level of 5,956.17.

The notes pay no interest, are senior unsecured obligations of CIBC, and are not insured or exchange‑listed. The initial estimated value is $9.556 per $10 note, below the public offering price, reflecting selling, structuring and hedging costs. Underwriting discounts total $178,157, leaving issuer proceeds of $4,912,043.

Canadian Imperial Bank of Commerce is issuing senior market-linked notes tied to the Class C stock of Zillow Group, Inc., offering quarterly contingent coupon payments and an automatic call feature. Investors receive coupons only when Zillow’s stock closes at or above 60% of the starting price on each determination date, with unpaid coupons potentially made up later under a memory feature. The notes can be called quarterly from April 2026 through October 2028 if Zillow’s stock is at or above the starting price, returning principal plus due coupons. If the notes are not called and Zillow’s final price is below 60% of the starting price, investors lose more than 40% and up to all of principal. Each note has a $1,000 face amount, a contingent coupon rate of at least 12.65% per year, and is subject to CIBC’s credit risk with no stock upside or dividends.

Canadian Imperial Bank of Commerce is offering leveraged buffered basket-linked notes tied to a weighted basket of five major foreign equity indexes: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). The notes have a 23–26 month term, a $1,000 minimum denomination and pay no interest.

At maturity, investors receive: full principal plus leveraged upside if the basket rises, with an upside participation rate expected between 116% and 136%; full principal back if the basket decline is limited to 10% or less; and a buffered but amplified loss if the basket falls by more than 10%, using a buffer rate of about 111.11%. In severe declines, investors can lose their entire investment.

The notes are unsecured obligations of CIBC, are not insured by any government agency, and will not be listed on an exchange. CIBC’s estimated initial value is expected between $957.40 and $977.40 per $1,000 note, reflecting internal funding and selling costs, which is lower than the issue price. Extensive risk factors highlight market, structural, liquidity, tax and issuer credit risks.

Canadian Imperial Bank of Commerce is offering unsecured Capped Leveraged S&P 500® Index-Linked Notes that pay no interest and return a cash amount at maturity based on S&P 500 performance over roughly 23 to 26 months. For each $1,000 note, investors receive 3.0x the positive index return up to a cap level expected between 107.48% and 108.79% of the initial index level, producing a maximum settlement amount expected between $1,224.40 and $1,263.70 per note. If the index is flat or down, repayment is $1,000 plus the index return times $1,000, so losses match the index on the downside and can reach 100% of principal. The bank’s estimated value on the trade date is expected between $975.70 and $995.70 per $1,000, below the issue price, and the notes are unsecured, not insured by deposit insurers, subject to CIBC credit risk, and will not be listed on an exchange.

Canadian Imperial Bank of Commerce is offering senior unsecured medium-term notes titled 5.25% Callable Notes due January 22, 2041. Each Note has a $1,000 principal amount and pays interest at a fixed rate of 5.25% per year, with payments made semi-annually on February 4 and August 4, starting August 4, 2026 and ending at maturity.

The Notes have a term of about 15 years but can be redeemed early at CIBC’s option, in whole but not in part, at 100% of principal plus accrued interest on any February 4 from 2029 through 2040. If not redeemed, holders receive full principal back at maturity plus any final accrued interest.

The Notes are senior unsecured obligations of CIBC, are not deposits, and are not insured by Canadian or U.S. deposit insurers. They are designated as bail-inable debt securities, meaning that under Canadian bank resolution powers they can be converted, in whole or in part, into CIBC (or affiliate) common shares or varied or extinguished if CIBC becomes non-viable. The Notes will not be listed on any exchange, and CIBC World Markets (an affiliate) acts as agent, earning up to $20 (2%) per $1,000 principal as commission.

Canadian Imperial Bank of Commerce is issuing $500,000 of senior unsecured 4.10% Callable Notes due January 26, 2029 under its global medium-term note program. Investors receive annual interest at 4.10% per year, paid each January 26 starting in 2027, with principal repaid at maturity if the notes have not been redeemed earlier.

CIBC may redeem the notes in whole at 100% of principal plus accrued interest on January 26, 2027 or January 26, 2028. The notes are issued in $1,000 denominations, will not be listed on any exchange, and are subject to the credit risk of CIBC.

The notes are designated as bail-inable debt securities, meaning they can be converted into CIBC (or affiliate) common shares or varied or extinguished under Canadian bank resolution powers if CIBC becomes non-viable. They are not insured by Canadian or U.S. deposit insurance agencies, and U.S. and Canadian tax treatments are outlined for different investor types.

Canadian Imperial Bank of Commerce is offering senior unsecured 4.65% callable notes due January 21, 2033 as part of its global medium-term note program. Each note has a $1,000 principal amount and pays interest at a fixed 4.65% per year, with semi-annual payments on February 4 and August 4, starting August 4, 2026.

CIBC may redeem the notes early, in whole but not in part, at 100% of principal plus accrued interest on any February 4 from 2027 through 2032, which would stop future interest and could force reinvestment at lower rates. The notes are not listed on any exchange, and secondary liquidity may be limited.

The notes are senior unsecured obligations of CIBC, subject to the bank’s credit risk and Canada’s bail-in regime, under which they can be converted into common shares or written down if the bank becomes non-viable. U.S. and Canadian tax sections outline that coupons are generally taxable interest and highlight specific considerations for U.S. Holders and non-residents of Canada.

Canadian Imperial Bank of Commerce is offering $3,250,000 of Capped Leveraged Buffered Notes linked to the S&P 500 Index, issued as senior unsecured medium-term notes. Each note has a $1,000 principal amount and a term of about two years, from the January 26, 2026 original issue date to the January 25, 2028 maturity date.

At maturity, investors receive leveraged upside of 200% of any positive Index return, but the payoff is capped at a Maximum Return of 23.10%. A 10% downside buffer applies: if the Index ends between 90% and 100% of the initial level, principal is returned; below 90%, repayment is reduced 1% for each additional 1% Index decline, so up to 90% of principal may be lost.

The notes pay no interest, are not listed on an exchange, and carry the credit risk of CIBC. The initial estimated value is $996.80 per $1,000 note, reflecting selling, structuring and hedging costs included in the issue price.