加拿大帝国商业银行美股招股说明书(2026-02-18版)

Canadian Imperial Bank of Commerce Senior Global Medium-Term Notes Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature Principal at Risk Securities Linked to the Lowest Performing of the Common Stock of Amazon.com, Inc., the Class ACommon Stock of Alphabet Inc., and the Class A Common Stock of Meta Platforms, Inc. due February 16, 2029 Linked to thelowest performingof the common stock of Amazon.com, Inc., the Class A common stock of Alphabet Inc., and the Class A common stock of MetaPlatforms, Inc. (each, an “Underlying Stock”) 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 are subject topotential automatic call prior to maturity upon the terms described below. Whether the securities pay a Contingent Coupon Payment, whether the securities areautomatically called prior to maturity and, if they are not automatically called, whether you receive the face amount of your securities at maturity will depend, in 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 Stock Closing Price of the Lowest Performing Stock on the related Coupon Determination Date is greater than or equal to itsCoupon Threshold Price. In addition, if the Stock Closing Price of the Lowest Performing Stock on one or more Coupon Determination Dates is less than itsCoupon Threshold Price and, on a subsequent Coupon Determination Date, the Stock Closing Price of the Lowest Performing Stock on that subsequent Coupon Automatic Call.If the Stock Closing Price of the Lowest Performing Stock on any of the quarterly Call Observation Dates from August 2026 to November 2028,inclusive, is greater than or equal to its Starting Price, the securities will be automatically called for the face amount plus the final Contingent Coupon Payment andany previously unpaid Contingent Coupon Payments otherwise due 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 EndingPrice of the Lowest Performing Stock on the Final Calculation Day is greater than or equal to its Downside Threshold Price. If the Ending Price of the LowestPerforming Stock on the Final Calculation Day is less than its Downside Threshold Price, you will lose more than 30%, and possibly all, of the face amount of yoursecurities. The Downside Threshold Price of eachUnderlying Stock is equal to 70% of its Starting Price If the securities are not automatically called prior to maturity, you will have full downside exposure to the Lowest Performing Stockon the Final Calculation Dayfrom its Starting Price if its Ending Price is less than its Downside Threshold Price, but you will not participate in any appreciation of any Underlying Stock andwill not receive any dividends on any Underlying Stock Your return on the securities will depend solely on the performance of the Underlying Stock that is the Lowest Performing Stock on each Calculation Day. You willnot benefit in any way from the performance of the better performing Underlying Stocks. Therefore, you will be adversely affected if any Underlying Stockperforms poorly, even if the other Underlying Stocks 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 Underlying StockIssuer for payment; if Canadian Imperial Bank of Commerce defaults on its obligations, you could lose all or some of your investment 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