加拿大帝国商业银行美股招股说明书(2025-07-16版)

the principal amount of your Notes plus the Contingent Coupon for the applicable quarter, and no further amounts will be owed to you under the Notes. The Underlying with the lowestUnderlying Return is the “Least Performing Underlying.” If the Notes are not called prior to maturity and the Final Level of the Least Performing Underlying is equal to or greater than itsDownside Threshold, CIBC will pay you a cash payment at maturity equal to the principal amount of your Notes plus the final Contingent Coupon. If the Final Level of the Least Investing in the Notes involves significant risks. CIBC may not pay any Contingent Coupons on the Notes. You may lose some or all of your principal amount. You will be exposed to the market risk of each Underlying on each Coupon Determination Date and any decline in the level of one Underlying may negatively affect your return and willnot be offset or mitigated by a lesser decline or any increase in the level of any other Underlying. Generally, the higher the Contingent Coupon Rate on a Note, the greater the risk of loss on that Note. The contingent repayment of principal only applies if you hold the Notes to maturity or automatic call. Any payments on the Notes, includingany repayment of principal, are subject to the creditworthiness of CIBC. If CIBC were to default on its payment obligations, you may not receive any amounts owed to you Contingent Coupon:CIBC will pay a quarterly Contingent Coupon payment if the ClosingLevel of each Underlying on the applicable Coupon Determination Date is equal to orgreater than its Coupon Barrier. Otherwise, no coupon will be paid for the quarter.Automatically Callable:CIBC will automatically call the Notes and pay you the principalamount of your Notes plus the Contingent Coupon otherwise due for that applicable quarterKey DatesTrade DateJuly 15, 2025Settlement DateJuly 18, 2025Coupon Determination Dates1Quarterly, commencing on Octoberunder the Notes and you could lose your entire investment. Downside Threshold, CIBC will pay you the principal amount per Note at maturity plus thefinal Contingent Coupon. If the Final Level of the Least Performing Underlying is less thanits Downside Threshold, CIBC will pay a cash amount that is less than the principalamount, if anything, resulting in a loss on your initial investment that is proportionate to thedecline in the Closing Level of the Least Performing Underlying from the Trade Date to theFinal Valuation DateMaturity Date1July 18, 20301See page PS-4 for additional details THE NOTES ARE SIGNIFICANTLY RISKIER THAN CONVENTIONAL DEBT INSTRUMENTS. THE TERMS OF THE NOTES MAY NOT OBLIGATE CIBC TO REPAY THE FULLPRINCIPAL AMOUNT OF THE NOTES. THE NOTES CAN HAVE DOWNSIDE MARKET RISK SIMILAR TO THE LEAST PERFORMING UNDERLYING, WHICH CAN RESULT IN A LOSS OF SOME OR ALL OF THE PRINCIPAL AMOUNT AT MATURITY. THIS MARKET RISK IS IN ADDITION TO THE CREDIT RISK INHERENT IN PURCHASING A DEBT OBLIGATION OF CIBC. YOU SHOULD NOT PURCHASE THE NOTES IF YOU DO NOT UNDERSTAND OR ARE NOT COMFORTABLE WITH THE SIGNIFICANT RISKSINVOLVED IN INVESTING IN THE NOTES.YOU SHOULD CAREFULLY CONSIDER THE RISKS DESCRIBED UNDER ‘‘KEY RISKS’’ BEGINNING ON PAGE PS-7 AND THE MORE DETAILED ‘‘RISK FACTORS’’ PAGE1 OF THE ACCOMPANYING PROSPECTUS BEFORE PURCHASING ANY NOTES.EVENTS RELATING TO ANY OF THOSE RISKS,OR OTHER RISKS ANDUNCERTAINTIES, COULD ADVERSELY AFFECT THE MARKET VALUE OF, AND THE RETURN ON, YOUR NOTES.Note OfferingThe Notes are offered at a minimum investment of $1,000 in denominations of $10 and integral multiples of $10in excess thereof. prospectus). The Notes will not be listed on any securities exchange.The initial estimated value of the Notes on the Trade Date as determined by CIBC is $9.511 per $10.00 principal amount of the Notes, which is less than the price to public. See “Key Risks—General Risks” beginning on page PS-9 of this pricing supplement and “The Bank’s Estimated Value of the Notes” on page PS-18 of this pricing supplement for additional information. Notes Linked to:TotalPer NoteTotalPer NoteTotalPer NoteThe Least Performing of the Russell 2000®Index and®$5,500,000.00$10.00$123,750.00$0.225$5,376,250.00$9.775 5, 2023 (the “underlying supplement”). Information in this pricing supplement supersedes information in the underlying supplement,the prospectus supplement and the prospectus to the extent it is different from that information. Certain terms used but not definedherein will have the meanings set forth in the underlying supplement, the prospectus supplement or the prospectus. accompanying underlying supplement, the prospectus supplement and the prospectus, and in the documents referred to in thosedocuments and which are made available to the public. We, UBS and our respective affiliates have not authorized any other personto provide you with different or additional information. If anyone provides you with different or additional information, you should not We, CIBCWM and UBS are not making an