Canadian Imperial Bank of Commerce is issuing $30,540,000 of senior unsecured Fixed Interest Autocallable Buffered Notes linked to the S&P 500 Index, maturing February 4, 2030. Each note has a $1,000 principal amount and an initial estimated value of $995.10.
Investors receive fixed interest of 6.170% per year, paid as $30.85 every six months, until maturity or automatic call. The notes may be called semi-annually if the index is at or above its initial level, returning principal plus the interest payment.
If not called and the S&P 500 ends at or above 80% of its initial level, principal is repaid. Below this 20% buffer, principal is reduced by 1.25% for every additional 1% index decline, and losses can reach 100% of principal. The notes are not insured, are subject to CIBC’s credit risk, will not be listed on an exchange, and secondary market liquidity may be limited.
Canadian Imperial Bank of Commerce is issuing $2,124,000 of 5.25% senior unsecured callable notes maturing on January 22, 2041. Investors receive semi-annual interest at 5.25% per year, paid on February 4 and August 4, starting August 4, 2026, with principal repaid at maturity if not redeemed earlier.
CIBC can redeem the notes at 100% of principal plus accrued interest on any February 4 from 2029 through 2040, which may limit interest income if rates fall. The notes are bail-inable under the Canada Deposit Insurance Corporation Act and can be converted into CIBC or affiliate common shares, exposing holders to potential loss of principal and interest. They are not insured by CDIC, FDIC or other agencies, are not listed on an exchange and may have limited secondary liquidity.
The public offering price is $1,000 per note, with a $20 underwriting discount per $1,000 and net proceeds to CIBC of $2,081,520. The pricing supplement highlights credit risk of the bank, market and liquidity risks, and outlines key U.S. and Canadian tax considerations for U.S. holders and certain non-resident investors.
Canadian Imperial Bank of Commerce is issuing $2,343,000 of 4.65% Senior Global Medium-Term Callable Notes due January 21, 2033. The notes pay 4.65% annual interest, semi-annually each February 4 and August 4, beginning August 4, 2026, with $1,000 minimum denominations.
CIBC may redeem the notes at 100% of principal plus accrued interest on February 4 of each year from 2027 through 2032. The notes are senior unsecured, not insured by deposit insurance schemes, will not be listed on any exchange, and are subject to Canadian bail-in powers that can convert them into common shares.
The public issue price is $1,000 per note, with a 1.20% underwriting discount, resulting in proceeds to CIBC of $2,314,884 before expenses.
Canadian Imperial Bank of Commerce is offering $7,926,000 of senior market-linked notes that are auto-callable and tied to the lowest performer of the Russell 2000, Nasdaq-100 and EURO STOXX 50 indices. The notes pay a 10.00% per annum contingent coupon, but only when the worst index on each quarterly determination date is at or above 75% of its starting level.
If, from July 2026 through October 2029, the lowest-performing index on a quarterly call date is at or above its starting level, the notes are automatically called at $1,000 per note plus a final coupon. If not called, principal is protected at maturity only if the worst index is at or above 75% of its starting level; below that, investors lose more than 25%, up to all principal. The notes are unsecured CIBC obligations, not listed on an exchange, and have an estimated initial value of $958.30 per $1,000, below the issue price.
Canadian Imperial Bank of Commerce is offering $680,000 of senior market-linked notes tied to Zillow Group’s Class C stock, each with a $1,000 face amount. These three-year securities can be automatically called quarterly from April 2026 through October 2028 if Zillow’s stock closes at or above the $63.03 starting price.
The notes pay a contingent quarterly coupon at a 12.65% per annum rate only when Zillow’s closing price is at or above the $37.818 coupon threshold (60% of the starting price), with a memory feature that catches up missed coupons when conditions are later met. If not called, principal is protected at maturity only if the ending price is at or above the same 60% downside threshold; otherwise investors lose more than 40%, up to their entire investment.
The securities do not participate in any stock upside and pay no dividends, and all payments depend on CIBC’s credit. They are not listed on any exchange, have an original offering price of $1,000 versus an estimated value of $947.60, and include an underwriting discount of $23.25 per note.
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.