加拿大帝国商业银行美股招股说明书(2025-10-09版)

$3,398,000 Senior Global Medium-Term Notes Capped Leveraged Buffered Basket-Linked NotesdueSeptember10, 2027 The notes do not bear interest.The amount that you will be paid on your notes on the stated maturity date (September 10, 2027, subject toadjustment) is based on the performance of a weighted basket comprised of the EURO STOXX 50®Index (38.00% weighting), the TOPIX®Index(26.00% weighting), the FTSE®100 Index (17.00% weighting), the Swiss Market Index (11.00% weighting) and the S&P/ASX 200 Index (8.00%weighting) (the “basket”) as measured from the trade date to and including the determination date (September 8, 2027, subject to adjustment). The initialbasket level is 100 and the final basket level will equal thesumof the products, as calculated for each basket underlier, of: (i) the final basket underlierlevel divided by the initial basket underlier level (set on the trade date and equal to the closing level of the basket underlier on the trade date) multipliedby (ii) the applicable initial weighted value for the basket underlier. If the final basket level on the determination date isgreater thanthe initial basketlevel, the return on your notes will be positive and will equal the upside participation rate of 2.0 times the basket return, subject to the maximumsettlement amount ($1,281.80 for each $1,000 principal amount of your notes). If the final basket level declines by up to 15.00% from the initial basketlevel, you will receive the principal amount of your notes.If the final basket level declines by more than 15.00% from the initial basket level, thereturn on your notes will be negative.You could lose your entire investment in the notes. To determine your payment at maturity, we will calculate the basket return, which is the percentage increase or decrease in the final basket level fromthe initial basket level. On the stated maturity date, for each $1,000 principal amount of your notes, you will receive an amount in cash equal to: ●if the basket return ispositive(i.e. the final basket level isgreater thanthe initial basket level), thesumof (i) $1,000plus(ii) theproductof (a)$1,000times(b) the upside participation ratetimes(c) the basket return, subject to the maximum settlement amount; or●if the basket return iszeroornegativebutnot below-15.00% (i.e. the final basket level isequal toorless thanthe initial basket level, but notby more than 15.00%), $1,000; or●if the basket return isnegativeand isbelow-15.00% (i.e. the final basket level isless thanthe initial basket level by more than 15.00%), thesumof (i) $1,000plus(ii) theproductof (a) approximately 1.1765times(b) thesumof the basket returnplus15.00%times(c) $1,000.Thisamount will be less than $1,000 and may be zero. Declines in one basket underlier may offset increases in the other basket underliers.Due to the unequal weighting of each basket underlier,the performances of the EURO STOXX 50®Index, the TOPIX®Index and the FTSE®100 Index will have a significantly larger impact on yourreturn on the notes than the performance of the Swiss Market Index or the S&P/ASX 200 Index. The notes have complex features and investing in the notes involves risks not associated with an investment in conventional debt securities.See “Additional Risk Factors Specific to Your Notes” beginning on page PRS-13 of this Pricing Supplement and “Risk Factors” beginning onpage S-1 of the accompanying Underlying Supplement. Our estimated value of the notes on the trade date, based on our internal pricing models, is $992.40 per note. The estimated value is less than the initialissue 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 to the credit risk ofCanadian Imperial Bank of Commerce. The notes will not constitute deposits insured by the Canada Deposit Insurance Corporation, the U.S.Federal Deposit Insurance Corporation or any other government agency or instrumentality of Canada, the United States or any otherjurisdiction. The notes are not bail-inable debt securities (as defined on page 6 of the Prospectus). The notes will not be listed on any U.S.securities exchange. Neither the United States Securities and Exchange Commission (the “SEC”) nor any state or provincial securities commission has approvedor disapproved of these securities or determined if this Pricing Supplement or the accompanying Underlying Supplement, ProspectusSupplement or Prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The issue price, agent’s commission and net proceeds listed above relate to the notes we will sell initially. We may decide to sell additional notes afterthe trade date, at issue prices and with agent’s commissions and net proceeds that differ from the amounts set forth above. The return (whether positiveor negative) on your investment will depend in part on the issue price you