加拿大帝国商业银行美股招股说明书(2026-02-26版)

Canadian Imperial Bank of Commerce $26,743,000 Senior Global Medium-Term Notes Capped Leveraged Buffered Basket-Linked Notes due November The notes do not bear interest.The amount that you will be paid on your notes on the stated maturity date (November 19, 2027, subject to adjustment)is based on the performance of a weighted basket comprised of the EURO STOXX 50®Index (40.00% weighting), the TOPIX® “basket”) as measured from the trade date (February 24, 2026) to and including the determination date (November 17, 2027, subject to adjustment). Theinitial basket level is 100 and the final basket level will equal the sum of the products, as calculated for each basket underlier, of: (i) the final basket underlier level 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)multiplied by (ii) the applicable initial weighted value for the basket underlier. If the final basket level on the determination date is greater than the initial basket level, the return on your notes will be positive and will equal the upside participation rate of 2.3 times the basket return, subject to the maximumsettlement amount ($1,245.18 for each $1,000 principal amount of your notes). If the final basket level declines by up to 15.00% from the initial basket level, 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 from theinitial 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) 2.3times(c) the basket return, subject to the maximum settlement amount; or if the basket return iszeroornegativebut not below -15.00% (i.e. the final basket level isequalto orless thanthe initial basket level, but not bymore than 15.00%), $1,000; or if the basket return isnegativeand isbelow-15.00% (i.e. the final basket level is less than the 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.This amountwill 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 your/ASX 200 Index. return on the notes than the performance of the Swiss Market 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 $994.60 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. CIBC World Markets Corp. or one of our other affiliates may use this Pricing Supplement in a market-making transaction in a note after itsinitial sale. Unless we, or our agent informs the purchaser otherwise in the confirmation of sale, this Pricing Supplement is being used in amarket-making transaction. We will deliver the notes in book-entry form through the facilities of The Depository Trust Company (“DTC”) on February 27, 2026 againstpayment in immediately available funds. Capped Leveraged B