加拿大帝国商业银行美股招股说明书(2025-07-14版)

and cannot be predicted with accuracy. approved or disapproved of these securities or determined if this Note Prospectus (as defined below) is truthful or complete. Anyrepresentation to the contrary is a criminal offense. Public offering price$10.00$7,886,870.00Underwriting discount$0.20$157,737.40Proceeds, before expenses, to CIBC$9.80$7,729,132.60 The notes:Are Not FDIC InsuredAre Not Bank GuaranteedMayLose Value Summary Ending Value:The Observation Level of the Index on the finalObservation DateThe closing level of the Index on any Observation DateJuly17, 2026, July23, 2027, July21, 2028, July20, 2029, July19, 2030 and July18, 2031 (the finalObservation Date).The scheduled Observation Dates are subject to Events, as described on pagePS-22 of productsupplement EQUITY STR-1. 6,280.46 (100% of the Starting Value)Call Amounts$10.684, representing a Call Premium of 6.84% of If the notes are not called, you will receive the Redemption Amount per uniton the maturity date, determined as follows:(per Unit) andthe principal amount, if called on the firstObservation Date; $11.368, representing a CallPremium of 13.68% of the principal amount, if calledon the second Observation Date; $12.052,representing a Call Premium of 20.52% of the principal amount, if called on the third ObservationDate; $12.736, representing a Call Premium of27.36% of the principal amount, if called on thefourth Observation Date; $13.420, representing a representing a Call Premium of 41.04% of theprincipal amount, if called on the final ObservationDate.Approximately the fifth business day following theapplicable Observation Date, subject to final Observation Date will be the maturity date.5,338.39 (85.00% of the Starting Value, rounded totwo decimal places). The terms and risks of the notes are contained in this term sheet and in the following: Observation Dates occurring on July17, 2026, July23, 2027, July21, 2028, July20, 2029, July19, 2030 and July18, 2031(the final Observation Date).ThehypotheticalStarting Value of 100.00 used in these examples has been chosen for illustrative purposes only. The actual StartingValue is 6,280.46, which was the closing level of the Index on the pricing date. For recent actual levels of the Index, see “The Index” section below. The Index is a price return index and as such the level of the Index receive if you invested in those stocks directly. In addition, all payments on the notes are subject to issuer credit risk. The notes will be called at $10.00 plus the applicable Call Premium if the Observation Level on one of the Observation Dates is equal toor greater than the Call Level. After the notes are called, they will no longer remain outstanding and there will not be any further payments on the notes.Example 1- The Observation Level on the first Observation Date is 110.00. Therefore, the notes will be called at $10.00 plus the Call Premium of $0.684 = $10.684 per unit.Example 2- The Observation Level on the first Observation Date is below the Call Level, but the Observation Level on the secondObservation Date is 150.00. Therefore, the notes will be called at $10.00 plus the Call Premium of $1.368 = $11.368 per unit.Example 3- The Observation Levels on the first two Observation Dates are below the Call Level, but the Observation Level on the thirdObservation Date is 105.00. Therefore, the notes will be called at $10.00 plus the Call Premium of $2.052 = $12.052 per unit. Example 5- The Observation Levels on the first four Observation Dates are below the Call Level, but the Observation Level on the fifth Example 6- The Observation Levels on the first five Observation Dates are below the Call Level, but the Observation Level on the sixth and final Observation Date is 105.00. Therefore, the notes will be called at $10.00 plus the Call Premium of $4.104 = $14.104 per unit. Example 7- The notes are not called on any Observation Date but the Ending Value is greater than or equal to the Threshold Value.Therefore, the Redemption Amount will be equal to $10.000 per unit. Amount will be less, and possibly significantly less, than the principal amount. For example, if the Ending Value is 50.00, theRedemption Amount per unit will be: Notes Are Called on an Observation Date Any Observation DateExampleExampleExampleExampleExampleExampleExample 100.00100.00100.00100.00100.00100.00Threshold Value85.0085.0085.0085.0085.00 First Observation DateObservation Level on theN/A Second Observation Observation Level on theThird Observation DateN/AN/A105.00 Fourth Observation DateObservation Level on theN/A Fifth Observation DateObservation Level on theN/AN/A Final Observation DateReturn on the Index10.00%50.00% Return on the Notes6.84%13.68%20.52%Call Amount /$10.684$11.368$12.052 Redemption Amount per Autocallable Strategic Accelerated Redemption Securities® Risk Factors There are important differences between the notes and a conventional debt security. An investment in the notes involves signifi