AI智能总结
Canadian Imperial Bank of Commerce Senior Global Medium-Term Notes Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk Securities Linked to the Lowest Performing of the Russell 2000®Index, the Nasdaq-100 Index®and the Unlike ordinary debt securities, the securities do not provide for fixed payments of interest, do not repay a fixed amount of principal at maturity and aresubject to potential automatic call prior to maturity upon the terms described below. Whether the securities pay a Contingent Coupon Payment, whetherthe securities are automatically called prior to maturity and, if they are not automatically called, whether you receive the face amount of your securities at Contingent Coupon Payments. The securities will pay a Contingent Coupon Payment on a quarterly basis until the earlier of the Stated Maturity Date orautomatic call if, and only if, the Closing Level of the Lowest Performing Index on the related Coupon Determination Date is greater than or equal to itsCoupon Threshold Level. However, if the Closing Level of the Lowest Performing Index on a Coupon Determination Date is less than its CouponThreshold Level, you will not receive any Contingent Coupon Payment for the relevant quarter. If the Closing Level of the Lowest Performing Index is Automatic Call.If the Closing Level of the Lowest Performing Index on any of the quarterly Call Observation Dates from July 2026 to October 2029,inclusive, is greater than or equal to its Starting Level, the securities will be automatically called for the face amount plus a final Contingent CouponPayment Potential Loss of Principal.If the securities are not automatically called prior to maturity, you will receive the face amount at maturity if,and only if,the Closing Level of the Lowest Performing Index on the Final Calculation Day is greater than or equal to its Downside Threshold Level. If the ClosingLevel of the Lowest Performing Index on the Final Calculation Day is less than its Downside Threshold Level, you will lose more than 25%, and possibly If the securities are not automatically called prior to maturity, you will have full downside exposure to the Lowest Performing Index from its StartingLevel if its Closing Level on the Final Calculation Day is less than its Downside Threshold Level, but you will not participate in any appreciation of any Your return on the securities will depend solely on the performance of the Index that is the Lowest Performing Index on each Calculation Day. You willnot benefit in any way from the performance of the better performing Indices. Therefore, you will be adversely affected if any Index performs poorly,even if the other Indices perform favorably All payments on the securities are subject to the credit risk of Canadian Imperial Bank of Commerce and you will have no ability to pursue any securitiesincluded in any Index for payment; if Canadian Imperial Bank of Commerce defaults on its obligations, you could lose all or some of your investmentNo exchange listing; designed to be held to maturity or earlier automatic call The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See“Selected Risk Considerations” beginning on page PRS-9 herein and “Risk Factors” beginning on page S-1 of the accompanying underlying supplement,page S-1 of the prospectus supplement and page 1 of the prospectus. The securities are unsecured obligations of Canadian Imperial Bank of Commerce and all payments on the securities are subject to the credit risk of CanadianImperial Bank of Commerce. The securities will not constitute deposits insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit InsuranceCorporation or any other government agency or instrumentality of Canada, the United States or any other jurisdiction. The securities are not bail-inable debt Neither the Securities and Exchange Commission(the “SEC”) nor any state or provincial securities commission or other regulatory body has approved ordisapproved of these securities or passed upon the accuracy or adequacy of this pricing supplement or the accompanying product supplement, underlyingsupplement, prospectus supplement and prospectus. Any representation to the contrary is a criminal offense. (1)The agent, Wells Fargo Securities, LLC (“Wells Fargo Securities”), will receive an underwriting discount of $23.25 per security. The agent may resell the securities toother securities dealers at the original offering price less a concession of $17.50 per security. Such securities dealers may include Wells Fargo Advisors (“WFA”) (thetrade name of the retail brokerage business of Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, each an affiliate of Wells FargoSecurities). In addition to the selling concession allowed to WFA, the agent may pay $0.75 per security of the underwriti