加拿大帝国商业银行美股招股说明书(2025-03-03版)

Senior Global Medium-Term NotesDigital S&P 500® Index-Linked Notesdue April 14, 2027 The notes do not bear interest.The amount that you will be paid on your notes on the stated maturity date (April14, 2027, subject toadjustment) is based on the performance of the S&P 500® Index (the “underlier”) as measured from the trade date to and including thedetermination date (April12, 2027, subject to adjustment). If the final underlier level on the determination date isgreater thanorequal to85.00% of the initial underlier level (5,861.57, which was the closing level of the underlier on the trade date), you will receive themaximum settlement amount ($1,169.60 for each $1,000 principal amount of your notes).If the final underlier level declines by morethan 15.00% from the initial underlier level, the return on your notes will be negative. You could lose your entire investment inthe notes. To determine your payment at maturity, we will calculate the underlier return, which is the percentage increase or decrease in the finalunderlier level from the initial underlier level. On the stated maturity date, for each $1,000 principal amount of your notes, you willreceive an amount in cash equal to: ·if the underlier return isgreater thanorequal to-15.00% (i.e. the final underlier level isgreater thanorequal to85.00% of theinitial underlier level), the maximum settlement amount; or ·if the underlier return isless than-15.00% (i.e. the final underlier level isless than85.00% of the initial underlier level), thesumof (i)$1,000plus(ii)theproductof (a)approximately 1.1765times(b)thesumof the underlier returnplus15.00%times(c)$1,000.This amount will be less than $1,000 and may be zero. The notes have complex features and investing in the notes involves risks not associated with an investment in conventionaldebt securities. See “Additional Risk Factors Specific to Your Notes” beginning on pagePRS-8 of this Pricing Supplement and“Risk Factors” beginning on pageS-1 of the accompanying Underlying Supplement. Our estimated value of the notes on the trade date, based on our internal pricing models, is $992.50 per note. The estimated value isless than the initial issue price of the notes. See “The Bank’s Estimated Value of the Notes” in this Pricing Supplement. The notes are unsecured obligations of Canadian Imperial Bank of Commerce and all payments on the notes are subject tothe credit risk of Canadian Imperial Bank of Commerce. The notes will not constitute deposits insured by the Canada DepositInsurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other government agency or instrumentality of Neither the United States Securities and Exchange Commission (the “SEC”) nor any state or provincial securities commissionhas approved or disapproved of these securities or determined if this Pricing Supplement or the accompanying UnderlyingSupplement, Prospectus Supplement or Prospectus is truthful or complete. Any representation to the contrary is a criminal The issue price, agent’s commission and net proceeds listed above relate to the notes we will sell initially. We may decide to selladditional notes after the trade date, at issue prices and with agent’s commissions and net proceeds that differ from the amounts setforth above. The return (whether positive or negative) on your investment will depend in part on the issue price you pay for your notes. CIBC World Markets Corp. or one of our other affiliates may use this Pricing Supplement in a market-making transaction in anote after its initial sale. Unless we or our agent informs the purchaser otherwise in the confirmation of sale, this PricingSupplement is being used in a market-making transaction. We will deliver the notes in book-entry form through the facilities of The Depository Trust Company (“DTC”) on March6, 2025against payment in immediately available funds. Digital S&P 500®Index-Linked Notes due April14, 2027 ABOUT THIS PRICING SUPPLEMENT You should read this Pricing Supplement together with the Prospectus dated September5, 2023 (the “Prospectus”), theProspectus Supplement dated September5, 2023 (the “Prospectus Supplement”) and the Equity Index UnderlyingSupplement dated September5, 2023 (the “Underlying Supplement”), each relating to our Senior Global Medium-TermNotes, for additional information about the notes. Information in this Pricing Supplement supersedes information in the You should rely only on the information contained in or incorporated by reference in this Pricing Supplement and theaccompanying Underlying Supplement, Prospectus Supplement and Prospectus. This Pricing Supplement may be usedonly for the purpose for which it has been prepared. No one is authorized to give information other than that contained inthis Pricing Supplement and the accompanying Underlying Supplement, Prospectus Supplement and Prospectus, and in We are not, and CIBCWM is not, making an offer to sell the notes in any jurisdiction where the offer or sale is n