加拿大帝国商业银行美股招股说明书(2025-10-27版)

Capped Market Index Target-Term Securities®Linked to a GlobalEquity Index Basket §Maturity of approximately five years§100% participation in increases in the Basket, subject to a capped return of 64.86%§If the Basket is flat or decreases, payment at maturity will be the principal amount§The Basket is comprised of the Dow Jones Industrial Average®, the EURO STOXX 50®Index, and the TOPIX®Index. The Dow Jones IndustrialAverage®was given an initial weight of 50.00%, and each of the EURO STOXX 50®Index and the TOPIX®Index was given an initial weight of25.00%§All payments occur at maturity and are subject to the credit risk of Canadian Imperial Bank of Commerce§No periodic interest payments§In addition to the underwriting discount set forth below, the notes include a hedging-related charge of $0.05 per unit. See “Structuring the Notes”§Limited secondary market liquidity, with no exchange listing§You may be required to accrue interest and pay taxes on the notes each year even if you will not receive any payments until maturity. See“Summary of U.S. Federal Income Tax Consequences”§The notes are unsecured debt securities and are not savings accounts or insured deposits of a bank. The notes are not insured or guaranteed bythe Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other governmental agency of the UnitedStates, Canada, or any other jurisdiction The notes are being issued by Canadian Imperial Bank of Commerce (“CIBC”). There are important differences between the notes and a conventional debt security,including different investment risks and certain additional costs.See “Risk Factors” beginning on page TS-6 of this term sheet and beginning on page PS-6 ofproduct supplementEQUITY INDICES MITTS-1. The initial estimated value of the notes as of the pricing date is $9.588 per unit, which is less than the public offering price listed below.See “Summary” on the followingpage, “Risk Factors” beginning on page TS-6 of this term sheet and “Structuring the Notes” on page TS-18 of this term sheet for additional information. The actual value of your notesat 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 or disapproved of thesesecurities or determined if this Note Prospectus (as defined below) is truthful or complete. Any representation to the contrary is a criminal offense. Public offering priceUnderwriting discountProceeds, before expenses, toCIBC Linked to a Global Equity Index Basket, due October 25, 2030 Summary The Capped Market Index Target-Term Securities®Linked to a Global Equity Index Basket, due October 25, 2030 (the “notes”) are our senior unsecured debt securities. The notes are not guaranteed orinsured by 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 bycollateral. The notes are not bail-inable debt securities (as defined on page 6 of the prospectus).The notes will rank equally with all of our other unsecured and unsubordinated debt. Any paymentsdue on the notes, including any repayment of principal, will be subject to the credit risk of CIBC.The notes provide you with 100% participationin increases in the Market Measure, which is the globalequity index basket described below (the “Basket”), subject to a cap. If the Basket is flat or decreases, you will only receive the principal amount of your notes. Any payments on the notes will be calculatedbased on the $10 principal amount per unit and will depend on the performance of the Basket, subject to our credit risk. See “Terms of the Notes” below. The Basket is comprised of the Dow Jones Industrial Average®, the EURO STOXX 50®Index, and the TOPIX®Index. The Dow Jones Industrial Average®was given an initial weight of 50.00%, and each ofthe EURO STOXX 50®Index and the TOPIX®Index was given an initial weight of 25.00%. The economic terms of the notes (including the Capped Value) are based on our internal funding rate, which is the rate we would pay to borrow funds through the issuance of market-linked notes, and theeconomic terms of certain related hedging arrangements. Our internal funding rate is typically lower than the rate we would pay when we issue conventional fixed rate debt securities. This difference infunding rate, as well as the underwriting discount and the hedging-related charge and certain service fee described below, reduced the economic terms of the notes to you and the initial estimated value ofthe notes on the pricing date. Due to these factors, the public offering price you pay to purchase the notes is greater than the initial estimated value of the notes. On the cover page of this term sheet, we have provided the initial estimated value for the notes. This initial estimated value was determined