加拿大帝国商业银行美股招股说明书(2025-06-02版)

of the Lowest Performing Index on the relevant Calculation Day. The Lowest Performing Index on any Calculation Day is the Index that has the lowest Closing Level on thatCalculation Day as a percentage of its Starting LevelContingent Coupon Payments. The securities will pay a Contingent Coupon Payment on a quarterly basis until the earlier of the Stated Maturity Date or automatic call if, and only if, the Closing Level of the Lowest Performing Index on the related Coupon Determination Date is greater than or equal to its Coupon Threshold Level. However, ifthe Closing Level of the Lowest Performing Index on a Coupon Determination Date is less than its Coupon Threshold Level, you will not receive any Contingent Coupon Payment for the relevant quarter. If the Closing Level of the Lowest Performing Index is less than its Coupon Threshold Level on every Coupon Determination Date, youwill not receive any Contingent Coupon Payments throughout the entire term of the securities. The Coupon Threshold Level for each Index is equal to 75% of its Starting Automatic Call.If the Closing Level of the Lowest Performing Index on any of the quarterly Call Observation Dates from November 2025 to February 2029, inclusive, isgreater than or equal to its Starting Level, the securities will be automatically called for the face amount plus a final Contingent Coupon PaymentPotential Loss of Principal.If the securities are not automatically called prior to maturity, you will receive the face amount at maturity if,and only if, the Closing Level of the Lowest Performing Index on the Final Calculation Day is greater than or equal to its Downside Threshold Level. If the Closing Level of the Lowest Performing Index onthe Final Calculation Day is less than its Downside Threshold Level, you will lose more than 25%, and possibly all, of the face amount of your securities. The Downside Threshold Level for each Index is equal to 75% of its Starting LevelIf the securities are not automatically called prior to maturity, you will have full downside exposure to the Lowest Performing Index from its Starting Level if its Closing Level on the Final Calculation Day is less than its Downside Threshold Level, but you will not participate in any appreciation of any Index and will not receive any dividendson securities included in any IndexYour return on the securities will depend solely on the performance of the Index that is the Lowest Performing Index on each Calculation Day. You will not benefit in anyway from the performance of the better performing Indices. Therefore, you will be adversely affected if any Index performs poorly, even if the other Indices performfavorably The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See “Selected RiskConsiderations” beginning on page PRS-9 herein and “Risk Factors” beginning on page S-1 of the accompanying underlying supplement, page S-1 of the prospectussupplement and page 1 of the prospectus. Neither the Securities and Exchange Commission(the “SEC”) nor any state or provincial securities commission or other regulatory body has approved or disapproved of thesesecurities or passed upon the accuracy or adequacy of this pricing supplement or the accompanying product supplement, underlying supplement, prospectus supplement andprospectus. Any representation to the contrary is a criminal offense. Original Offering PriceUnderwritingDiscountProceedstoCIBCPer Security$1,000.00$23.25$976.75Total$5,961,000.00$138,593.25$5,822,406.75(1)The agent, Wells Fargo Securities, LLC (“Wells Fargo Securities”), will receive an underwriting discount of $23.25 per security. The agent may resell the securities to other securities Agent’s Underwriting Discount and Other Fees” in this pricing supplement and “Use of Proceeds and Hedging” in the underlying supplement for information regarding how we may hedgeour obligations under the securities.(2)In respect of certain securities sold in this offering, the Issuer may pay a fee of $2.00 per security to selected securities dealers in consideration for marketing and other services inconnection with the distribution of the securities to other securities dealers. Our estimated value of the securities on the Pricing Date, based on our internal pricing models, is $981.20 per security. The estimated value is less than the original offering price of thesecurities. See “The Estimated Value of the Securities” in this pricing supplement.Wells Fargo Securities Terms of the Securities Canadian Imperial Bank of Commerce FaceAmount:The principal amount of $1,000 per security. References in this pricing supplement to a “security” are to asecurity with a face amount of $1,000.Pricing Date:May 30, 2025June 4, 2025Final Calculation Day:May24,2029,subject to postponement as described below under“—Market Disruption Events and May 30, 2029, subject to postponement. The securities are not subject to r