加拿大帝国商业银行美股招股说明书(2025-12-29版)

Canadian Imperial Bank of Commerce Senior Global Medium-Term Notes $272,000 Contingent Coupon (with Memory) Autocallable Barrier Notes Linked to the Worst Performing of the Class ACommon Stock of Alphabet Inc., the Common Stock of Philip Morris International Inc. and theClass A Common Stock ofMastercard Incorporateddue December 20, 2030 The Contingent Coupon (with Memory) Autocallable Barrier Notes (the “notes”) will provide monthly Contingent Coupon Payments of $8.758 per$1,000 principal amount (or 0.8758% of the principal amount, equivalent to approximately 10.51% per annum), as well as any previously unpaidContingent Coupon Payments with respect to prior Coupon Determination Dates as described in the paragraph below, until the earlier of maturity orautomatic call if,and only if, the Closing Price of the Worst Performing Reference Stock on the applicable monthly Coupon Determination Date isgreater than or equal to its Coupon Barrier Price (50% of its Initial Price).If a Contingent Coupon Payment is not payable on a Coupon Payment Date because the Closing Price of the Worst Performing Reference Stock on the relevant Coupon Determination Date is less than its Coupon Barrier Level, such Contingent Coupon Payment will become payable on a later CouponPayment Date if, and only if, the Closing Price of the Worst Performing Reference Stock on such later Coupon Determination Date is greater than orequal to its Coupon Barrier Level. For the avoidance of doubt, once a previously unpaid Contingent Coupon Payment has been paid on a later CouponPayment Date, it will not be paid again on any subsequent Coupon Payment Date.If the Closing Price of the Worst Performing Reference Stock on any quarterly Call Observation Date beginning on June 23, 2026 is greater than or equalto its Call Price (100% of its Initial Price), we will automatically call the notes and pay you on the applicable Call Payment Date the principal amountplus the applicable Contingent Coupon Payment (with Memory). No further amounts will be owed to you.If the notes have not been previously called, the Payment at Maturity will depend on the Final Price of the Worst Performing Reference Stock and will becalculated as follows:a.If the Final Price of the Worst Performing Reference Stock is greater than or equal to its Principal Barrier Price (50% of its Initial Price): the sum of(i) the principal amount and (ii) the final Contingent Coupon Payment (with Memory).b.If the Final Price of the Worst Performing Reference Stock is less than its Principal Barrier Price: (i) the principal amount plus (ii) the product of theprincipal amount multiplied by the Percentage Change of the Worst Performing Reference Stock. In this case, you will lose some or all of theprincipal amount at maturity. Even with any Contingent Coupon Payments (with Memory), the return on the notes could be negative.The notes will not be listed on any securities exchange.The notes will be issued in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. The notes are unsecured obligations of the Bank and any payments on the notes are subject to the credit risk of the Bank. The notes will notconstitute deposits insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation, or any other governmentagency or instrumentality of Canada, the United States or any other jurisdiction. The notes are not bail-inable debt securities (as defined on page 6 ofthe prospectus). Neither the Securities and Exchange Commission (the “SEC”) nor any state or provincial securities commission has approved or disapproved ofthese notes or determined if this pricing supplement or the accompanying underlying supplement, prospectus supplement or prospectus is truthful orcomplete. Any representation to the contrary is a criminal offense. Investing in the notes involves risks not associated with an investment in ordinary debt securities. See “Additional Risk Factors” beginning on pagePS-9 of this pricing supplement, and “Risk Factors” beginning on page S-1 of the accompanying underlying supplement, page S-1 of the prospectussupplement and page 1 of the prospectus. (1)CIBC World Markets Corp. (“CIBCWM”),acting as agent for the Bank,will not receive any underwriting discount in connection with thedistribution of the notes. See “Supplemental Plan of Distribution (Conflicts of Interest)” on page PS-18 of this pricing supplement.The initial estimated value of the notes on the Trade Date as determined by the Bank is $915.30 per $1,000 principal amount of the notes, which is less thanthe price to public. See “The Bank’s Estimated Value of the Notes” in this pricing supplement. We will deliver the notes in book-entry form through the facilities of The Depository Trust Company (“DTC”) on December 26, 2025 against payment in You should read this pricing supplement together with the prospectus dated September 5, 2023 (the “prospectus”), the prospectussupplement