加拿大帝国商业银行美股招股说明书(2025-09-10版)

§Maturity of approximately two years, if not called prior to maturity §Contingent Coupon Payments (with Memory) payable on the applicable Coupon Payment Date if the Observation Value of the Worst-Performing Underlying Stockon the applicable quarterly Coupon Observation Date is greater than or equal to 60% of its Starting Value. §The Contingent Coupon Payment (with Memory) payable on any Coupon Payment Date will be calculated according to the following formula: (i) the product of theContingent Coupon Payment (with Memory) applicable to a single Coupon Payment Date times the number of Coupon Payment Dates that have occurred up to therelevant Coupon Payment Date (inclusive of the relevant Coupon Payment Date) minus (ii) the sum of all Contingent Coupon Payments (with Memory) previouslypaid. The Contingent Coupon Payment (with Memory) applicable to a single Coupon Payment Date is $0.62 per unit, equal to a rate of 24.80% per annum. Automatically callable if the Observation Value of the Worst-Performing Underlying Stock on any quarterly Call Observation Date, beginning approximately threemonths after the pricing date, is at or above its Starting Value. If the notes are called, you will receive the principal amount of your notes plus the ContingentCoupon Payment (with Memory) otherwise due on the applicable Call Payment Date. § If not called, at maturity, if the price of the Worst-Performing Underlying Stock has not decreased by more than 40%, a return of principal plus the final ContingentCoupon Payment (with Memory); otherwise, 1-to-1 downside exposure to decreases in the Worst-Performing Underlying Stock, with up to 100.00% of the principalamountat risk. The notes are not linked to a basket composed of the Underlying Stocks. Any depreciation in the price of any Underlying Stock will not be offset by any appreciationin the price of any other Underlying Stock. §All payments are subject to the credit risk of Canadian Imperial Bank of Commerce The notes are unsecured debt securities and are not savings accounts or insured deposits of a bank. The notes are not insured or guaranteed by the CanadaDeposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other governmental agency of the United States, Canada, or any otherjurisdiction The notes are being issued by Canadian Imperial Bank of Commerce (“CIBC”). There are important differences between the notes and aconventional debt security, including different investment risks and certain additional costs. See “Risk Factors” beginning on page TS-7 ofthis term sheet and beginning on page PS-9 of product supplement STOCK CYN-1. The initial estimated value of the notes as of the pricing date is $9.823per unit, which is less than the public offering price listed below.See“Summary” on the following page, “Risk Factors” beginning on page TS-7 of this term sheet and “Structuring the Notes” on page TS-12 of this term sheetfor additional information. The actual value of your notes at any time will reflect many factors and cannot be predicted with accuracy. None of the Securities and Exchange Commission (the “SEC”), any state securities commission, or any other regulatory body has approved ordisapproved of these securities or determined if this Note Prospectus (as defined below) is truthful or complete. Any representation to the contrary is acriminal offense. Per Unit$10.000$0.125$0.050$9.825 Autocallable Contingent Coupon (with Memory) Barrier NotesLinked to the Worst-Performing of the Common Stock of Tesla, Inc. and the Common Stock of lululemon athletica inc.,due September 15, 2027 Summary The Autocallable Contingent Coupon (with Memory) Barrier Notes Linked to the Worst-Performing of the Common Stock of Tesla, Inc. and the CommonStock of lululemon athletica inc., due September 15, 2027 (the “notes”) are our senior unsecured debt securities. The notes are not guaranteed or insuredby the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other governmental agency of the United States,Canada or any other jurisdiction or secured by collateral. The notes are not bail-inable debt securities (as defined on page 6 of the prospectus).Thenotes will rank equally with all of our other unsecured and unsubordinated debt. Any payments due on the notes, including any repayment ofprincipal, will be subject to the credit risk of CIBC.The notes will pay a Contingent Coupon Payment (with Memory) on the applicable CouponPayment Date if the Observation Value of the Worst-Performing Underlying Stock, which will be one of the common stock of Tesla, Inc. and the commonstock of lululemon athletica inc. (each an “Underlying Stock” and collectively the “Underlying Stocks”), on the applicable quarterly Coupon ObservationDate is greater than or equal to its Coupon Barrier. The Contingent Coupon Payment (with Memory) payable on any Coupon Payment Date will becalculated according to the formula below. The notes will be automa