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.