Canadian Imperial Bank of Commerce 424B Filings

Canadian Imperial Bank of Commerce is offering $3,803,000 of senior market-linked notes tied to the worst performer among Broadcom, Alphabet, Meta and NVIDIA. Each security has a $1,000 face amount and can be automatically called monthly from March 2026 through November 2028 if the lowest-performing stock is at or above its Starting Price, returning face value plus due coupons.

The notes pay a contingent coupon at an annual rate of 18.66%, payable monthly only when the lowest-performing stock on the observation date is at or above 60% of its Starting Price; missed coupons can be paid later via a memory feature. If not called, at maturity in January 2029 investors receive $1,000 per note only if the worst stock is at or above this 60% downside threshold; otherwise, principal is reduced in line with that stock’s loss, down to zero.

The securities are unsecured, unsubordinated obligations of CIBC, not insured by any deposit insurer. The bank’s own estimated value is $937.70 per $1,000 note on the pricing date, below the original offering price due to selling, structuring and hedging costs.

Canadian Imperial Bank of Commerce is offering $6,726,000 of senior market-linked notes that pay a contingent coupon and may be called early based on equity index performance. Each $1,000 security offers an 11.00% per annum contingent coupon, paid quarterly only if the lowest of the Russell 2000, Nasdaq-100 and EURO STOXX 50 is at or above 75% of its starting level on the relevant determination date.

The notes can be automatically called from June 2026 through September 2029 if that lowest-performing index is at or above its starting level, returning face value plus a final coupon. If not called, principal is protected at maturity only if the lowest index remains at or above 75% of its starting level; below that, investors lose more than 25% and possibly all of principal. Investors do not participate in any index upside, face full credit risk of CIBC, and the bank’s estimated value of each note is $976.75 versus a $1,000 original offering price.

Canadian Imperial Bank of Commerce is offering Senior Global Medium-Term Notes that are auto-callable, contingent-coupon securities linked to the lowest performing of the S&P 500, Russell 2000 and EURO STOXX 50 indices, maturing on January 2, 2030.

Each security has a $1,000 face amount and pays a quarterly contingent coupon at an annual rate of 8.50% only if the lowest performing index on the relevant determination date is at or above its coupon threshold level, set at 70% of its starting level. From June 2026 to September 2029, the notes are automatically called at par plus the coupon if the lowest performing index is at or above its starting level.

If not called, investors receive $1,000 back at maturity only if the lowest performing index on the final calculation day is at or above its downside threshold level, also 70% of its starting level; otherwise, principal is reduced one-for-one with the index decline and investors can lose most or all of their investment. The total offering is $3,047,000, with an underwriting discount of $23.25 per security and an estimated value of $967.90 per security. The notes are unsecured, subject to CIBC’s credit risk, and are not insured or exchange-listed.

Canadian Imperial Bank of Commerce is offering $2,628,000 of Capped Trigger Performance Leveraged Upside Securities linked to the S&P 500 Index, maturing January 5, 2032. These unsecured notes pay no interest and expose investors to leveraged upside of 127.05% of index gains, capped at a maximum payment of $1,750 per $1,000 note. If the index is flat or down but above the 85% trigger level at maturity, investors receive their $1,000 principal back. If the index ends below the trigger level, repayment falls in line with the full index loss, and investors can lose all of their investment. The notes are subject to CIBC’s credit risk, will not be listed on any exchange, and may have limited or no secondary market. The initial estimated value is $947.10 per note, below the $1,000 price to the public, reflecting selling, structuring and hedging costs.

Canadian Imperial Bank of Commerce is offering Digital S&P 500® Index-Linked Notes that are unsecured, do not pay interest and are linked to the S&P 500 Index. Each note has a $1,000 principal amount and a term expected to be about 25–28 months.

At maturity, for each $1,000 note you receive a fixed maximum settlement amount expected to be between $1,147.90 and $1,174.00 if the S&P 500 final level is at least 85.00% of its initial level. If the index falls more than 15.00%, your payoff is reduced using a buffer rate of approximately 117.65%, and you can lose some or all of your principal.

The notes are subject to the credit risk of CIBC, will not be listed on any exchange, and their estimated value on the trade date is expected to be between $977.90 and $997.90 per $1,000 note, which is lower than the issue price due to selling, structuring and hedging costs.

Canadian Imperial Bank of Commerce is offering $6,877,000 of senior unsecured market-linked notes that are auto-callable and tied to the lowest performing of the S&P 500, Russell 2000 and Nasdaq‑100 indices. Each security has a $1,000 face amount and original offering price, with an underwriting discount of $23.25 and proceeds to CIBC of $976.75 per security, which also matches the bank’s estimated value on the pricing date.

The notes pay a 10.00% per annum contingent coupon, evaluated quarterly, only if the lowest performing index on the determination date is at or above its coupon threshold, set at 75% of its starting level for each index. From June 2026 to September 2029, if on any call observation date the lowest performing index is at or above its starting level, the notes are automatically called at par plus the applicable coupon.

If the notes are not called and on the final calculation day the lowest performing index is below its downside threshold (also 75% of its starting level), investors lose principal in line with that index’s decline and can lose the entire $1,000. There is no upside participation in any index and no dividends, and all payments depend on CIBC’s creditworthiness.

Canadian Imperial Bank of Commerce is issuing senior global medium-term market-linked notes tied to the lowest performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Index, with an original offering of $11,023,000.00 at $1,000 per security. The notes pay a 9.00% per annum contingent coupon, due quarterly only if the lowest performing index on each determination date stays at or above 70% of its starting level, and are subject to automatic call from June 2026 if that index is at or above its starting level.

If the notes are not called, investors receive full principal at maturity only if the lowest performing index on the final calculation day is at or above its downside threshold level, set at 70% of its starting level; otherwise principal is reduced in line with that index’s decline and can fall to zero. The securities are unsecured obligations of CIBC, carry full issuer credit risk, have an estimated value of $976.75 per security below the issue price, and generate net proceeds to CIBC of $10,766,715.25 after underwriting discounts.

Canadian Imperial Bank of Commerce is offering Capped Leveraged Buffered S&P 500® Index‑Linked Notes, which are unsecured debt linked to the S&P 500 Index rather than paying interest. Each note has a $1,000 principal amount and a term expected to be about 25–28 months.

At maturity, if the S&P 500 has risen, investors receive $1,000 plus 150% of the index gain, but this is capped at a maximum settlement amount expected between $1,216.15 and $1,254.25 per note. If the index is flat or down by up to 15%, investors get back $1,000. If the index falls more than 15%, principal is reduced using a buffer rate of about 117.65% of the loss beyond that level, and investors can lose all of their investment.

The notes are subject to the credit risk of CIBC, pay no interest, are not insured by any deposit insurer, and will not be listed on an exchange. CIBC’s estimated value on the trade date is expected to be between $975.50 and $995.50 per $1,000 note, reflecting selling, structuring and hedging costs.

Canadian Imperial Bank of Commerce is offering senior unsecured market-linked notes tied to the Nasdaq-100 Index®, with a face amount of $1,000 per security and a scheduled maturity on February 1, 2030. The notes pay no interest and may be automatically called on set observation dates if the index is at or above its starting level, paying back the face amount plus a fixed call premium of at least 8.00%, 16.00%, 24.00% or 32.00% depending on whether they are called in 2027, 2028, 2029 or on the final calculation day in 2030.

If the notes are not called, investors receive the full face amount at maturity as long as the index has not fallen by more than 10%. Below that threshold, repayment is reduced 1-for-1 with index losses beyond 10%, so investors may lose up to 90% of principal. The estimated value on the pricing date is expected to be at least $926.70 per security, versus the $1,000 original offering price, reflecting selling, structuring and hedging costs and an internal funding rate. An underwriting discount of up to $28.25 per security will be paid to Wells Fargo Securities. All payments depend on CIBC’s credit and the notes will not be listed on any exchange.

Canadian Imperial Bank of Commerce is offering $5,735,000 of Trigger Autocallable Contingent Yield Notes linked to the Russell 2000® Index and the Nasdaq-100 Index®, maturing on January 3, 2029.

The notes pay a quarterly contingent coupon at 9.92% per annum only if both indexes are at or above 70% of their initial levels on each determination date. Starting June 29, 2026, the notes are automatically called if both indexes are at or above their initial levels, returning principal plus that quarter’s coupon.

If the notes are not called and the worst-performing index finishes at or above 70% of its initial level, investors receive full principal back plus the final coupon. If it finishes below 70%, repayment is reduced in proportion to the loss in that index, and up to 100% of principal can be lost. The notes are senior unsecured obligations of CIBC, are not insured, will not be listed on an exchange, and have an initial estimated value of $9.86 per $10 note, below the issue price.

Canadian Imperial Bank of Commerce is offering senior global medium-term notes that are market-linked, auto-callable and carry contingent coupons with a memory feature, tied to the worst performer of Amazon.com, Alphabet Class A and NVIDIA common stock, maturing on January 19, 2029.

Each security has a $1,000 face amount and pays a quarterly contingent coupon at a rate of at least 12.75% per annum only if, on the relevant determination date, the lowest-performing stock is at or above 50% of its starting price; missed coupons can be paid later if conditions are met. The notes are automatically called from July 2026 through October 2028 if the lowest-performing stock is at or above its starting price, returning face amount plus due coupons.

If not called, investors receive $1,000 at maturity only if the lowest-performing stock is at or above 50% of its starting price; otherwise the payoff is proportional to that stock’s decline, with losses of more than 50% and up to a total loss of principal. There is no participation in stock upside and no dividends. The original offering price is $1,000 per security, with a maximum underwriting discount of up to $25.75 and an estimated value of at least $905.70 per security. Payments depend entirely on CIBC’s credit, and the securities are not listed and involve complex structural, market, liquidity and tax risks.

Canadian Imperial Bank of Commerce is offering senior unsecured market-linked notes that are auto-callable and tied to the worst performer of Amazon.com, Alphabet Class A, and Meta Class A, maturing on January 19, 2029. Each security has a $1,000 face amount and may pay quarterly contingent coupons at a rate of at least 17.50% per annum, but only if the lowest performing stock on each determination date is at or above 70% of its starting price, with missed coupons potentially paid later under a “memory” feature.

The notes can be automatically called quarterly from July 2026 through October 2028 if the lowest performing stock is at or above its starting price, paying back face amount plus the due and unpaid coupons. If not called, principal is protected only down to 70% of the starting level; if the worst stock ends below this threshold, investors lose more than 30% and up to all principal. The issuer’s estimated value is $920.80 per $1,000 note, below the original offering price, and all payments are subject to CIBC’s credit risk.

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 total issuance of $1,965,000. The notes can be automatically called on annual observation dates from January 4, 2027 to December 31, 2029 if the index closes at or above the starting level of 25,525.56.

If called, investors receive $1,000 plus a fixed call premium of 9%, 18%, 27% or 36% of face amount, depending on the call date, capping all upside. If not called, principal is protected only down to a 10% buffer (threshold level 22,973.004); below that, losses match further index declines, up to a 90% loss of face amount. The notes pay no interest or dividends, are not listed, and all payments depend on CIBC’s credit. The bank’s estimated value is $973.70 per $1,000 security, below the original offering price.

Canadian Imperial Bank of Commerce is offering $36,785,620 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the Nasdaq-100 Index, maturing on January 3, 2029. These senior unsecured notes pay a contingent coupon of 7.92% per annum (1.98% quarterly) only if, on each quarterly determination date, both indices are at or above 70% of their initial levels. Beginning June 29, 2026, the notes are automatically called if both indices are at or above their initial levels, returning principal plus that quarter’s coupon.

If the notes are not called and, at maturity, the least performing index is at or above 70% of its initial level, investors receive full principal back plus the final coupon. If the least performing index finishes below this downside threshold, repayment is reduced in line with its negative return, and up to 100% of principal can be lost. The notes do not participate in any index upside, pay no dividends, are not listed on any exchange, and all payments depend on CIBC’s creditworthiness. The initial estimated value is $9.687 per $10 note, below the price to the public.

Canadian Imperial Bank of Commerce is offering $10,391,000 of Contingent Income Auto-Callable Securities due December 29, 2028, linked to Amazon.com, Inc. common stock. The notes pay a contingent quarterly coupon at an annual rate of 10.63% ($26.575 per $1,000) only if Amazon’s closing price on a determination date is at or above 65.00% of the initial share price of $232.52, a downside threshold of $151.138.

The securities are automatically redeemed if Amazon’s price is at or above the initial share price on any of the first eleven determination dates, returning principal plus the applicable coupon. If held to maturity and the final share price is at or above the downside threshold, investors receive principal plus the final coupon; if it is below the threshold, repayment is reduced 1-for-1 with Amazon’s decline and can fall to zero. The notes are unsecured obligations of CIBC, will not be listed on an exchange, include selling commissions of up to $22.50 per security, and have an initial estimated value of $969.30 per $1,000.

Canadian Imperial Bank of Commerce is offering $5.277 million of Digital S&P 500® Index‑Linked Notes due March 22, 2028. These unsecured notes pay no interest and your final payoff depends entirely on how the S&P 500 Index performs between the trade date and March 20, 2028.

Each note has a $1,000 principal amount. If, on the determination date, the index is at or above 85% of its initial level of 6,905.74, you receive a fixed maximum settlement amount of $1,176.40 per note, regardless of how much higher the index is. If the index has fallen more than 15%, your repayment drops below principal using a leveraged downside formula (with an effective buffer rate of about 117.65%), and you could lose your entire investment.

The notes are subject to CIBC’s credit risk, are not insured, and will not be listed on an exchange. The bank estimates the value on the trade date at $995.60 per note, below the $1,000 issue price, reflecting selling, structuring, and hedging costs, and highlights significant structural, liquidity, conflict‑of‑interest, and tax risks.

Canadian Imperial Bank of Commerce is offering unsecured market-linked notes that are auto-callable, pay contingent coupons and expose investors to the performance of the lowest of three equity indices: the Russell 2000® Index, Nasdaq‑100 Index® and EURO STOXX 50® Index.

The notes have a face amount of $1,000 per security, a term to January 29, 2030, and promise quarterly contingent coupons at a rate to be set on the pricing date, but at least 10.00% per annum, only when the lowest-performing index on the observation date is at or above 75% of its starting level. If on any quarterly call observation date from July 2026 to October 2029 the lowest-performing index is at or above its starting level, the notes are automatically called at par plus a final coupon.

If the notes are not called and on the final calculation day the lowest-performing index is below 75% of its starting level, repayment of principal is reduced one-for-one with the index loss, so investors can lose more than 25% and up to all of their principal. The bank’s estimated value on the pricing date is expected to be at least $924.90 per $1,000 security, and all payments are subject to CIBC’s credit risk.

Canadian Imperial Bank of Commerce is issuing $3,500,000 of 5.15% callable senior medium-term notes due December 31, 2037. Investors receive semi-annual interest at 5.15% per year, paid on June 30 and December 31, starting June 30, 2026, with principal repaid at maturity if the notes are not redeemed earlier.

CIBC can redeem the notes at its option at 100% of principal plus accrued interest on each December 31 from 2027 through 2036, which may limit upside for investors if rates fall. The notes are senior unsecured obligations, not insured by Canadian or U.S. deposit insurers, and will not be listed on any exchange, so liquidity may be limited. After underwriting discounts of $11.71 per $1,000 note, CIBC expects to receive approximately $3,459,015 in proceeds. The notes are designated bail-inable debt, meaning they can be converted into common shares or written down under Canadian bank resolution powers, so investors bear CIBC’s credit and bail-in risk.

Canadian Imperial Bank of Commerce is issuing $4,000,000 of 4.50% senior unsecured callable notes due December 31, 2030 under its global medium-term note program. Investors receive semi-annual interest at a fixed 4.50% per annum, paid on June 30 and December 31 each year, starting June 30, 2026, with repayment of 100% of principal at maturity if the notes are not redeemed earlier.

CIBC may redeem the notes at its option in whole, but not in part, at par plus accrued interest on December 31 of 2027, 2028, or 2029. The notes price at $1,000 per note (with certain fee-based accounts paying $995.66), generating underwriting discounts of $17,360 and proceeds to CIBC of $3,982,640. The notes are bail-inable debt securities, meaning they may be converted into common shares or written down under Canadian bank resolution powers, and they are not insured by CDIC, FDIC or any similar agency.

Canadian Imperial Bank of Commerce is offering senior unsecured market-linked notes that are auto-callable and tied to the worst performer of the S&P 500, Russell 2000 and EURO STOXX 50 indices, maturing in January 2030. Each security has a $1,000 face amount and may pay a quarterly contingent coupon at a rate of at least 8.00% per year if the lowest performing index on the relevant date is at or above 70% of its starting level. The notes can be automatically called quarterly from July 2026 to October 2029 if the lowest performing index is at or above its starting level, in which case investors receive $1,000 plus the final contingent coupon.

If the notes are not called and the lowest performing index finishes below 70% of its starting level at maturity, investors lose more than 30% and up to all of their principal. Investors do not participate in any index upside and receive no dividends. The notes are unsecured obligations subject to CIBC’s credit risk, will not be listed on any exchange, and have an estimated value on the pricing date of at least $924.80 per $1,000 security.

Canadian Imperial Bank of Commerce (CIBC) is issuing 12-year senior unsecured medium-term notes bearing a fixed interest rate of 5.10% per annum, callable at CIBC’s option. Interest is paid in cash semi-annually on January 20 and July 20, starting July 20, 2026, with full principal repayment at maturity on January 20, 2038 if the notes are not redeemed earlier.

CIBC may redeem the notes in whole, but not in part, on January 20 of each year from 2028 through 2037 at 100% of principal plus accrued interest. The notes are bail-inable under the Canada Deposit Insurance Corporation Act, meaning they can be converted into CIBC common shares or written off in a Canadian resolution scenario. They are offered in minimum denominations of $1,000 per note, at a price to the public of $1,000 per note, with underwriting discounts of up to $22.50 (2.25%) and proceeds to CIBC of at least $977.50 per note. The notes are not insured by any deposit insurer and will not be listed on any securities exchange.

Canadian Imperial Bank of Commerce is offering senior unsecured 4.40% callable notes due January 16, 2031 as part of its global medium-term note program. The notes pay interest at a fixed rate of 4.40% per year, with semi-annual payments on January 16 and July 16 starting July 16, 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 January 16 of 2028, 2029 or 2030. The notes are issued in $1,000 minimum denominations, are not listed on any exchange, and are subject to the credit risk of CIBC.

The notes are designated as bail-inable debt under Canadian bank resolution powers, meaning they can be converted, in whole or in part, into common shares of CIBC or its affiliates or varied or extinguished if CIBC is deemed non-viable. The pricing supplement highlights risks including early redemption, limited liquidity, potential price volatility, tax uncertainty and conflicts of interest from CIBC’s affiliated underwriter and calculation agent.

Canadian Imperial Bank of Commerce is issuing approximately $6.623 million of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the Russell 2000 Index, maturing on December 27, 2030. The notes pay a contingent coupon of 7.26% per annum (1.815% per quarter) only if, on each quarterly determination date, both indices are at or above their coupon barriers, set at 70% of the initial level for each index.

The notes are automatically callable quarterly starting June 23, 2026 if both indices are at or above their initial levels; in that case, investors receive principal plus the applicable coupon and the product terminates. At maturity, if not called, principal is fully repaid only if the least performing index is at or above its downside threshold of 60% of its initial level; below that level, repayment is reduced in proportion to the index decline, and investors can lose up to 100% of principal. Payments depend on CIBC’s credit, and the initial estimated value is $9.62 per $10 note, below the price to the public.

Canadian Imperial Bank of Commerce is issuing $272,000 of senior unsecured Contingent Coupon (with Memory) Autocallable Barrier Notes linked to the worst performing of Alphabet Class A, Philip Morris, and Mastercard Class A, maturing on December 20, 2030. The notes pay a monthly contingent coupon of $8.758 per $1,000 (0.8758%, about 10.51% per year) only if the worst stock’s closing price on the determination date is at or above its coupon barrier, set at 50% of its initial price.

The notes can be automatically called quarterly starting June 23, 2026 if the worst stock is at or above 100% of its initial price, returning principal plus that period’s coupon. If not called, at maturity investors receive principal plus the final coupon if the worst stock is at or above its 50% principal barrier; otherwise repayment is reduced 1-for-1 with the worst stock’s decline from its initial level, down to a total loss. The Bank’s initial estimated value is $915.30 per $1,000, below the issue price, the notes will not be listed, and returns depend on CIBC’s credit and complex U.S./Canadian tax treatment.

Canadian Imperial Bank of Commerce is issuing Digital S&P 500® Index-Linked Notes due June 23, 2027, in an aggregate principal amount of $3,022,000. Each note has a principal amount of $1,000, pays no interest and is an unsecured, unsubordinated obligation of the bank.

The notes’ payoff depends on the S&P 500® Index level on June 21, 2027. If the final index level is at least 90.00% of the initial level of 6,878.49, holders receive a capped payment of $1,126.50 per $1,000 note, corresponding to the maximum settlement amount. If the index has fallen by more than 10.00%, the payoff is reduced using a buffer rate of approximately 111.11%, and principal losses can reach 100%.

The bank’s estimated value on the trade date is $991.60 per note, below the $1,000 issue price, reflecting selling, structuring and hedging costs. The notes are not insured, will not be listed on any exchange, and their value is also exposed to CIBC’s credit risk and to tax treatments described in the U.S. and Canadian tax sections.

Canadian Imperial Bank of Commerce is offering $33,890,000 of Capped Leveraged Buffered S&P 500 Index-Linked Notes due February 24, 2028. Each note has a $1,000 principal amount and pays no interest; all return depends on the S&P 500 Index level on the February 22, 2028 determination date.

If the index is above its initial level of 6,834.50, holders receive $1,000 plus 160% of the index gain, capped at a maximum settlement of $1,268 per $1,000 note. If the index falls by up to 12.5%, investors receive $1,000 back. If it falls by more than 12.5%, principal is reduced using a buffer rate of about 114.29%, and losses can reach 100% of the investment. The notes are unsecured obligations of CIBC, are not insured, will not be listed on any exchange, and had an estimated value on the trade date of $998.50 per $1,000 note.

Canadian Imperial Bank of Commerce is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the Nasdaq-100 Index, maturing around January 3, 2029. The Notes pay a quarterly contingent coupon at an annual rate of 9.50% to 10.00% (2.375%–2.50% per quarter) only if on each Coupon Determination Date both indices are at or above 70% of their Initial Level, the Coupon Barrier. Starting June 29, 2026, the Notes are automatically called if both indices are at or above their Initial Levels on a Call Observation Date, returning principal plus that quarter’s coupon.

If the Notes are not called and, on the Final Valuation Date, the least performing index is at or above 70% of its Initial Level (the Downside Threshold), holders receive full principal plus the final coupon. If it is below 70%, repayment is reduced in proportion to that index’s decline, up to a 100% loss of principal. Payments depend entirely on CIBC’s credit, and the Notes are not insured or exchange-listed. The initial estimated value is expected between $9.611 and $9.855 per $10 note, below the price to the public.

Canadian Imperial Bank of Commerce is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000 Index and the Nasdaq‑100 Index. The Notes have a principal amount of $10 each (minimum investment $1,000) and an expected term of about three years, from a trade date of December 29, 2025 to a maturity date of January 3, 2029, unless called earlier.

Investors may receive quarterly contingent coupons at an annual rate of 7.50% to 8.00% if on each determination date both indices are at or above 70% of their initial levels. The Notes are automatically called, starting June 29, 2026, if both indices are at or above their initial levels, in which case investors receive principal plus the due coupon and no further payments. If not called and the worst index finishes below 70% of its initial level at maturity, repayment is reduced in proportion to that decline, up to a total loss of principal. All payments depend on CIBC’s credit and the Notes are unsecured, not insured, and will not be listed on any exchange.

Canadian Imperial Bank of Commerce is offering $10 Leveraged Index Return Notes linked to the Russell 1000 Value Index, maturing December 27, 2030. The issue size is 553,071 units, for a total public offering of $5,530,710. These are senior unsecured debt obligations of CIBC, with no periodic interest and all payments made at maturity, subject to CIBC’s credit risk.

The notes provide 122.00% leveraged upside if the index ends above its starting level and 1‑to‑1 downside exposure if it ends below, so investors can lose up to 100% of principal. The initial estimated value is $9.415 per unit, below the $10 public price, reflecting CIBC’s internal funding rate, a $0.25 underwriting discount and a $0.05 hedging-related charge per unit. Investors also forgo dividends on the underlying index stocks and may face limited secondary market liquidity.

Canadian Imperial Bank of Commerce is offering Autocallable Strategic Accelerated Redemption Securities linked to the EURO STOXX 50 Index with a total public offering price of $22,267,210, or $10 per unit. CIBC expects to receive $9.80 per unit in proceeds before expenses, after a $0.20 underwriting discount and a $0.05 hedging-related charge, and the initial estimated value on the pricing date is $9.682 per unit.

The notes are senior unsecured debt due December 29, 2028 and are automatically called if the EURO STOXX 50 Index closes at or above its Starting Value of 5,741.71 on any Observation Date. Call amounts per unit are $11.124 in 2026, $12.248 in 2027, and $13.372 in 2028. If the notes are not called and the Ending Value is below the Starting/Threshold Value, investors lose principal on a one-to-one basis, up to total loss.

Payments depend entirely on Index performance and CIBC’s credit. The notes do not pay dividends, are not insured or bail-inable, will not be listed on an exchange, and may trade at prices below the public offering price, particularly because the internal funding rate and embedded fees reduce their economic value to investors.

Canadian Imperial Bank of Commerce is offering 2,492,467 Accelerated Return Notes linked to an international equity index basket, each with a $10 principal amount, for a total public offering price of $24,924,670. The notes provide 3‑to‑1 upside exposure to gains in a weighted basket of six major non‑U.S. equity indices, capped at a maximum return of 15.72% per unit.

Investors have full 1‑to‑1 downside exposure to declines in the basket and can lose up to 100% of principal. The notes pay no interest, all cash flows occur at maturity in February 2027, and all payments are subject to CIBC’s credit risk. The initial estimated value is $9.75 per unit, below the $10 public offering price, reflecting underwriting discounts, a $0.05 per unit hedging charge, and CIBC’s internal funding rate.

Canadian Imperial Bank of Commerce is offering $12,491,000 of Digital S&P 500® Index-Linked Notes due May 3, 2028. Each $1,000 note pays no interest and its payoff depends on the S&P 500 level on May 1, 2028 versus the initial level of 6,774.76.

If the index is at least 85.00% of this initial level, investors receive a capped amount of $1,193.20 per $1,000 note. If it falls more than 15.00%, principal declines with a downside rate of about 117.65%, and investors can lose their entire investment. The notes are unsecured obligations of CIBC, are not insured or exchange-listed, and the bank’s estimated value on the trade date is $996.60 per $1,000 note, below the issue price.

Canadian Imperial Bank of Commerce is offering 1,790,401 units of Autocallable Strategic Accelerated Redemption Securities linked to an international equity index basket, each with a $10 principal amount. The roughly three-year notes can be automatically called if the basket is at or above its 100.00 Starting Value on observation dates about one, two, and three years after pricing, paying call amounts of $10.99, $11.98, or $12.97 per unit, respectively. If the notes are never called and the basket finishes below the Starting Value, investors have 1‑to‑1 downside exposure and can lose up to their entire principal.

The basket combines the 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%). The notes pay no interest or dividends and are senior unsecured obligations subject to CIBC’s credit risk. The public offering totals $17,904,010.00, with an underwriting discount of $0.20 and a hedging-related charge of $0.05 per unit; proceeds to CIBC before expenses are $17,545,929.80. The initial estimated value is $9.643 per unit, below the $10 issue price, reflecting dealer compensation and CIBC’s internal funding rate.

Canadian Imperial Bank of Commerce (CIBC) is offering 1,689,419 Autocallable Leveraged Index Return Notes linked to an international equity index basket, at $10 principal per unit for total proceeds before expenses of about $16.56 million. The notes have a term of roughly three years to December 29, 2028, and are senior unsecured debt with no periodic interest payments and full exposure to CIBC’s credit risk.

The notes may be automatically called after about one year on December 18, 2026 if the basket level is at or above its 100% starting value, in which case investors receive $11 per unit (principal plus a $1 call premium). If not called, at maturity investors get a leveraged upside of 239% of any gain in the basket above the starting value, but also a 1‑to‑1 downside if the basket falls, up to a total loss of principal.

The basket starts at 100 and combines six price return indexes: 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%). The initial estimated value is $9.673 per unit, below the $10 public offering price due to CIBC’s internal funding rate, underwriting discount of $0.20 per unit and a $0.05 hedging-related charge. The notes are not listed, may have limited secondary liquidity, and are subject to additional risks including potential impacts from U.S. executive orders affecting Chinese securities in the FTSE China 50 Index.

Canadian Imperial Bank of Commerce is offering 2,058,894 Market-Linked One Look Notes linked to the VanEck® Gold Miners ETF at $10 principal per unit, for a total public offering of $20,588,940. The notes mature in approximately 14 months, on February 26, 2027, and pay no periodic interest.

At maturity, if the ETF’s ending value is at or above the Threshold Value of 90% of the starting level (77.10 vs. a starting value of 85.67), investors receive their $10 principal plus a fixed Step Up Payment of $2.11 per unit, a 21.10% return. If the ETF has fallen more than 10% from the starting value, repayment of principal is reduced 1-to-1 with the decline beyond that buffer, and up to 90% of principal can be lost.

The initial estimated value is $9.705 per unit, below the $10 public price, reflecting CIBC’s internal funding rate, a $0.175 per-unit underwriting discount and a $0.05 per-unit hedging-related charge. The notes are senior unsecured obligations of CIBC, subject to its credit risk, are not insured by any government agency, and are expected to trade only over the counter with limited liquidity.

Canadian Imperial Bank of Commerce is offering Capped Market Index Target-Term Securities® linked to a global equity index basket. Each note has a $10 principal amount, returns 100% of any Basket increase, and is protected by a Minimum Redemption Amount of $10 per unit at maturity, subject to CIBC’s credit risk. Upside is limited by a Capped Value of $16.582 per unit, representing a maximum return of 65.82% over principal.

The Basket combines the Dow Jones Industrial Average® (50% weight), EURO STOXX 50® Index (25%), and TOPIX® Index (25%). The initial estimated value is $9.585 per unit, below the $10 public offering 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 pay no interest or dividends and are not listed on an exchange, so liquidity before maturity may be limited.

Canadian Imperial Bank of Commerce is issuing $2,676,000 aggregate principal amount of senior unsecured 5.40% callable notes due December 6, 2045. The notes pay interest at 5.40% per year, with semi-annual payments on June 22 and December 22, starting June 22, 2026, and repay 100% of principal at maturity if not redeemed earlier.

CIBC may redeem the notes in whole, but not in part, at 100% of principal plus accrued interest on December 22 of each year from December 22, 2028 through December 22, 2044. The price to the public is $1,000 per note, with an underwriting discount of $20 per $1,000 and proceeds to CIBC of $2,622,480. The notes will not be listed on any exchange and are subject to Canadian bail-in powers, meaning they can be converted into common shares or written down under the Canada Deposit Insurance Corporation Act.

Canadian Imperial Bank of Commerce is offering senior unsecured market-linked notes that pay monthly contingent coupons and can be automatically called early. The notes are linked to the lowest performing of Broadcom, Alphabet Class A, Meta Class A and NVIDIA common stock. Each note has a $1,000 face amount and a contingent coupon rate of at least 18.66% per annum, paid only if on a determination date the lowest performing stock is at or above 60% of its starting price, with a memory feature for missed coupons.

From March 2026 to November 2028, if the lowest performing stock is at or above its starting price on a call observation date, the notes are automatically called for face amount plus the due coupons. If not called, investors get full principal back at maturity only if the final price of the lowest performing stock is at or above 60% of its starting price; otherwise they lose more than 40%, up to all principal. The notes do not participate in any stock upside, are not listed, and all payments depend on CIBC’s credit, with an estimated value of at least $910 per note, below the $1,000 offering price.

Canadian Imperial Bank of Commerce is offering $2,498,000 of senior unsecured global medium-term notes bearing a fixed 4.60% annual interest rate and maturing on December 6, 2032, unless redeemed earlier. Interest is paid in cash semi-annually on January 22 and July 22, starting July 22, 2026, in minimum denominations of $1,000.

CIBC may redeem the notes at its option at 100% of principal plus accrued interest on January 22 of each year from 2027 through 2032. The notes are not listed on any securities exchange, and all payments depend on CIBC’s credit as senior unsecured obligations.

The securities are designated as bail-inable debt under Canadian law, meaning they can be converted into CIBC common shares or varied or extinguished if Canadian bank resolution powers are exercised, which could lead to partial or total loss of principal and interest.

Canadian Imperial Bank of Commerce is issuing $2,761,000 aggregate principal amount of 4.30% senior unsecured callable notes due December 6, 2030 under its global medium‑term note program. The notes pay 4.30% interest per year, with semi‑annual payments on June 22 and December 22, starting June 22, 2026, and return 100% of principal at maturity if not redeemed earlier.

CIBC may redeem the notes in whole, but not in part, on December 22 of each year from 2026 through 2029 at 100% of principal plus accrued interest. The notes are bail‑inable under the Canada Deposit Insurance Corporation Act, meaning they may be converted into CIBC (or affiliate) common shares or varied or extinguished if Canadian bank resolution powers are exercised. They will not be listed on any securities exchange, are not insured by deposit insurers in Canada or the U.S., and are subject to CIBC’s credit risk. Net proceeds to CIBC are $2,733,390 after a 1.00% underwriting discount.

Canadian Imperial Bank of Commerce is issuing $2,761,000 of 4.30% senior unsecured callable notes maturing on December 6, 2030. Investors receive semi-annual interest at 4.30% per year, paid on June 22 and December 22, starting June 22, 2026, with principal repaid at maturity if the notes are not redeemed earlier.

CIBC may redeem the notes in whole, but not in part, at 100% of principal plus accrued interest on December 22 of each year from 2026 through 2029. The notes are issued in $1,000 denominations, will not be listed on any exchange, and may have limited secondary market liquidity.

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 is deemed non-viable, which could result in loss of part or all of the investment. They are senior unsecured obligations of CIBC, not insured by Canadian or U.S. deposit insurers. The price to the public is $1,000 per note, with a 1.00% underwriting discount, providing approximately $2,733,390 in proceeds to CIBC.

Canadian Imperial Bank of Commerce is offering Digital S&P 500® Index-Linked Notes tied to the S&P 500® Index. Each note has a $1,000 principal amount, does not pay interest, and matures on a date expected to be about 26 to 29 months after the trade date.

At maturity, if the S&P 500® final level is at least 85.00% of its initial level, investors receive a fixed cash amount, the threshold settlement amount, expected to be between $1,155.90 and $1,183.30 per note. If the index has declined by more than 15.00%, repayment is reduced using a buffer rate of approximately 117.65%, and the cash settlement amount can fall to zero, meaning loss of the entire investment.

The notes are unsecured, unsubordinated obligations of CIBC, are not insured by any government agency, and will not be listed on any securities exchange. The bank’s estimated value on the trade date is expected to be between $974.40 and $994.40 per note, which is lower than the $1,000 issue price due to selling, structuring and hedging costs. Extensive risk disclosures highlight market risk, credit risk, liquidity limits, conflicts of interest and uncertain tax treatment in both the U.S. and Canada.

Canadian Imperial Bank of Commerce is issuing $2,000,000 aggregate principal amount of 5.05% senior unsecured callable notes due December 7, 2037. The notes pay interest at a fixed rate of 5.05% per year, with semi-annual payments on June 22 and December 22, starting June 22, 2026, and return 100% of principal at maturity if not redeemed earlier.

CIBC may redeem the notes at its option, in whole but not in part, on December 22 of each year from 2027 through 2036 at 100% of principal plus accrued interest, which could limit how long investors receive interest. The notes are bail-inable under Canadian bank resolution powers and can be converted into CIBC common shares or varied or extinguished if the Canada Deposit Insurance Corporation exercises such powers, meaning investors could lose part or all of their investment. The offering price is $1,000 per note, with a $17 underwriting discount, resulting in $1,966,000 in proceeds to CIBC before hedging and other costs.

Canadian Imperial Bank of Commerce is offering $10,239,000 of senior unsecured structured notes linked to the worst performer of Amazon (AMZN), Alphabet Class A (GOOGL) and NVIDIA (NVDA), maturing December 21, 2028. Each $1,000 note can pay a 13.90% per annum contingent quarterly coupon, only if on the relevant date the lowest-performing stock is at or above its coupon threshold, set at 50% of its starting price. Missed coupons can be "remembered" and paid later if conditions are met.

The notes are auto-callable from June 2026 if the lowest-performing stock is at or above its starting price, in which case investors receive $1,000 plus the due coupons. If not called, principal is protected at maturity only if the lowest-performing stock is at or above its 50% downside threshold; otherwise repayment is reduced one-for-one with that stock’s loss, down to zero. Investors do not participate in any stock upside or receive dividends, face CIBC credit risk, and the notes are not listed. CIBC’s estimated value is $957 per $1,000 note, below the issue price.

Canadian Imperial Bank of Commerce is offering senior market-linked notes that are auto-callable and linked to the lowest-performing of Amazon, Alphabet and Meta common stocks, with a stated maturity in December 2028. The notes pay a quarterly contingent coupon at a rate of 17.50% per annum only if the lowest-performing stock on each determination date closes at or above its coupon threshold price, set at 70% of its starting price. If from June 2026 to September 2028 the lowest-performing stock on a call observation date is at or above its starting price, the notes are automatically called at face value plus the due coupons, ending the investment early. If the notes are not called and, on the final calculation day, the lowest-performing stock finishes below its downside threshold (also 70% of starting), investors lose principal in proportion to the decline and can lose their entire investment. The original offering price is $1,000 per note, with total offering proceeds to CIBC of $3,715,557 and an estimated fair value of $949.80 per note, and all payments are subject to CIBC’s credit risk.

Canadian Imperial Bank of Commerce is offering $8,036,770 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the EURO STOXX 50 Index, maturing in December 2028. The notes pay a 9.40% per annum contingent coupon (2.35% quarterly) only if each index is at or above its 70% coupon barrier on the relevant determination date, and they may be automatically called quarterly starting June 17, 2026 if both indexes are at or above their initial levels. If not called and the worst index stays at or above 70% of its initial level at maturity, investors receive principal plus the final coupon; if it falls below that threshold, repayment is reduced in line with the index loss and investors can lose their entire principal. The notes are senior unsecured obligations of CIBC, with an initial estimated value of $9.867 per $10 note, and are not listed or insured.

Canadian Imperial Bank of Commerce is offering $15,626,780 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the EURO STOXX 50 Index, maturing on December 21, 2028. The notes pay a quarterly contingent coupon of 7.40% per annum (1.85% per quarter) only if both indices are at or above 70% of their initial levels on the relevant determination date.

Beginning June 17, 2026, the notes are automatically called if both indices are at or above their initial levels, returning principal plus that quarter’s coupon and ending the investment. If the notes are not called and the worst index finishes at or above 70% of its initial level at maturity, investors receive principal plus the final coupon. If it finishes below 70%, repayment is reduced in line with the index loss and investors can lose up to 100% of principal.

The notes are senior unsecured obligations of CIBC, are not insured by any government agency, will not be listed on an exchange, and have an initial estimated value of $9.693 per $10, below the $10 price to the public.

Canadian Imperial Bank of Commerce is offering $4,471,000 of Capped Leveraged Buffered MSCI EAFE® Index-Linked Notes due December 27, 2027. These unsecured notes pay no interest and repay at maturity based on the MSCI EAFE Index performance from the trade date to the determination date.

For each $1,000 note, investors get 160% of any positive index return, but the payoff is capped at a maximum settlement amount of $1,251.20. A 15% downside buffer protects principal if the index falls by up to 15%; below that level, losses accelerate and investors can lose their entire investment. The initial index level is 2,854.21, the buffer level is 85% of that, and the cap level is 115.70% of that.

The notes are unsecured, unsubordinated obligations of CIBC, are not insured by any deposit insurer, and will not be listed on an exchange. CIBC’s own estimated value on the trade date is $990.90 per $1,000 note, below the issue price, reflecting selling, structuring and hedging costs.

Canadian Imperial Bank of Commerce is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500 Index and the Russell 2000 Index. The notes have a principal amount of $10 per note, an expected term of about five years, and pay a quarterly contingent coupon only if each index is at or above its coupon barrier, set at 70% of its initial level. The indicative contingent coupon rate ranges from 6.90% to 7.30% per year.

The notes may be automatically called quarterly starting June 23, 2026 if both indices are at or above their initial levels, in which case investors receive principal plus the applicable coupon and no further payments. At maturity, if not called, full principal is repaid only if the least performing index finishes at or above its downside threshold of 60% of its initial level; otherwise, repayment is reduced in line with the index loss and investors can lose up to 100% of principal. All payments depend on CIBC’s credit, and the initial estimated value is $9.466–$9.704 per $10.