加拿大帝国商业银行美股招股说明书(2026-03-19版)

Canadian Imperial Bank of CommerceSenior Global Medium-Term Notes $500,000 5.40% Callable Notes with Bonus Coupon Linked to Compounded SOFR due March 20, 2046 We, Canadian Imperial Bank of Commerce (the “Bank” or “CIBC”), are offering $500,000 aggregate principal amount of 5.40%Callable Notes with Bonus Coupon Linked to Compounded SOFR due March 20, 2046 (CUSIP: 13609FHC1 / ISIN:US13609FHC14) (the “Notes”). At maturity, if the Notes have not been previously redeemed, you will receive a cash payment equal to 100% of the principalamount, plus any accrued and unpaid interest. Interest will be paid annually on March 20 of each year, commencing on March 20,2027 and ending on the Maturity Date. The Notes will accrue interest during the following periods of their term at the followingrates per annum: ●From and including the Original Issue Date to but excluding March 20, 2027:oIf Compounded SOFR isless than5.40% on the Valuation Date: 5.50%oIf Compounded SOFR isgreater thanor equal to5.40% on the Valuation Date: 5.40%●From and including March 20, 2027 to but excluding the Maturity Date: 5.40% We have the right to redeem the Notes, in whole but not in part, annually, on the Interest Payment Dates beginning on March 20,2031 and ending on March 20, 2045. The Redemption Price will be 100% of the principal amount plus accrued and unpaidinterest to, but excluding, the applicable Optional Redemption Date. The Notes will be issued in minimum denominations of $1,000, and integral multiples of $1,000 in excess thereof. The Notes will not be listed on any securities exchange. The Notes are unsecured obligations of CIBC and all payments on the Notes are subject to the credit risk of CIBC. TheNotes will not constitute deposits insured by the Canada Deposit Insurance Corporation, the U.S. Federal DepositInsurance Corporation or any other government agency or instrumentality of Canada, the United States or any otherjurisdiction. Neither the Securities and Exchange Commission (the “SEC”) nor any state or provincial securities commission hasapproved or disapproved of these Notes or determined if this pricing supplement or the accompanying prospectussupplement and prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Investing in the Notes involves risks. See the “Additional Risk Factors” beginning on page PS-6 of this pricing supplementand the “Risk Factors” beginning on page S-1 of the accompanying prospectus supplement and page 1 of the prospectus. (1)Because certain dealers who purchase the Notes for sale to certain fee-based advisory accounts may forgo some or all oftheir commissions or selling concessions, the price to public for investors purchasing the Notes in these accounts will be$986.50 per Note.(2)CIBC World Markets Corp. (“CIBCWM”), acting as agent for the Bank, will receive a commission of $13.50 (1.35%) per$1,000 principal amount of the Notes. CIBCWM may use a portion or all of its commission to allow selling concessions toother dealers in connection with the distribution of the Notes. The other dealers may forgo, in their sole discretion, some orall of their selling concessions. See “Supplemental Plan of Distribution (Conflicts of Interest)” on page PS-13 of this pricingsupplement. We will deliver the Notes in book-entry form through the facilities of The Depository Trust Company (“DTC”) on March 20,2026 against payment in immediately available funds. You should read this pricing supplement together with the prospectus dated September 5, 2023 (the “prospectus”) andthe prospectus supplement dated September 5, 2023 (the “prospectus supplement”), each relating to our Senior GlobalMedium-Term Notes of which these Notes are a part, for additional information about the Notes. Information in thispricing supplement supersedes information in the prospectus supplement and the prospectus to the extent it is differentfrom that information. Certain defined terms used but not defined herein have the meanings set forth in the prospectussupplement or the prospectus.You should rely only on the information contained in or incorporated by reference in this pricing supplement and the accompanying prospectus supplement and the prospectus. This pricing supplement may be used only for the purposefor which it has been prepared. No one is authorized to give information other than that contained in this pricingsupplement and the accompanying prospectus supplement and the prospectus, and in the documents referred to inthese documents and which are made available to the public. We have not, and CIBCWM has not, authorized anyother person to provide you with different or additional information. If anyone provides you with different oradditional information, you should not rely on it. We are not, and CIBCWM is not, making an offer to sell the Notes in any jurisdiction where the offer or sale is notpermitted. You should not assume that the information contained in or incorporated by reference