加拿大帝国商业银行美股招股说明书(2026-04-01版)

$1,666,000 Senior Global Medium-Term Notes Capped Leveraged Buffered S&P 500®Index-Linked Notes dueApril 19, 2028 The notes do not bear interest.The amount that you will be paid on your notes on the stated maturity date (April 19, 2028, subject toadjustment) is based on the performance of the S&P 500®Index (the “underlier”) as measured from the trade date (March 30, 2026) toand including the determination date (April 17, 2028, subject to adjustment). If the final underlier level on the determination date isgreater thanthe initial underlier level(6,343.72, which was the closing level of the underlier on the trade date), the return on your noteswill be positive and will equal the upside participation rate of 1.7 times the underlier return, subject to the maximum settlement amountof $1,278.80 for each $1,000 principal amount of your notes. If the final underlier level declines by up to 15.00% from the initial underlierlevel, you will receive the principal amount of your notes.If the final underlier level declines by more than 15.00% from the initialunderlier level, the return 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 underlier return, which is the percentage increase or decrease in the finalunderlier level from the initial underlier level. On the stated maturity date, for each $1,000 principal amount of your notes, you willreceive an amount in cash equal to: ●if the underlier return ispositive(i.e. the final underlier level isgreater thanthe initial underlier level), thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) 1.7times(c) the underlier return, subject to the maximum settlement amount; or●if the underlier return iszeroornegativebut not below -15.00% (i.e. the final underlier level isequalto orless thanthe initialunderlier level, but not by more than 15.00%), $1,000; or●if the underlier return isnegativeand isbelow-15.00% (i.e. the final underlier level is less than the initial underlier level by morethan 15.00%), thesumof (i) $1,000plus(ii) theproductof (a) approximately 1.1765times(b) thesumof the underlier returnplus15.00%times(c) $1,000.This amount will be less than $1,000 and may be zero. The notes have complex features and investing in the notes involves risks not associated with an investment in conventionaldebt securities. See “Additional Risk Factors Specific to Your Notes” beginning on page PRS-9 of this Pricing Supplementand “Risk Factors” beginning on page S-1 of the accompanying Underlying Supplement. Our estimated value of the notes on the trade date, based on our internal pricing models, is $992.00 per note. The estimated value isless than the initial issue 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 tothe credit risk of Canadian Imperial Bank of Commerce. The notes will not constitute deposits insured by the Canada DepositInsurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other government agency or instrumentality ofCanada, the United States or any other jurisdiction. The notes are not bail-inable debt securities (as defined on page 6 of theProspectus). 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 commissionhas approved or disapproved of these securities or determined if this Pricing Supplement or the accompanying UnderlyingSupplement, Prospectus Supplement or Prospectus is truthful or complete. Any representation to the contrary is a criminaloffense. The issue price, agent’s commission and net proceeds listed above relate to the notes we will sell initially. We may decide to selladditional notes after the trade date, at issue prices and with agent’s commissions and net proceeds that differ from the amounts setforth above. The return (whether positive or negative) on your investment will depend in part on the issue price you pay for your notes. CIBC World Markets Corp. or one of our other affiliates may use this Pricing Supplement in a market-making transaction in anote after its initial sale. Unless we, or our agent informs the purchaser otherwise in the confirmation of sale, this PricingSupplement is being used in a market-making transaction. We will deliver the notes in book-entry form through the facilities of The Depository Trust Company (“DTC”) on April 2, 2026against payment in immediately available funds. CIBC Capital Markets Capped Leveraged Buffered S&P 500®Index-Linked Notes due April 19, 2028 ABOUT THIS PRICING SUPPLEMENT You should read this Pricing Supplement together with the Prospectus dated September 5, 2023 (the “Prospectus”), theProspectus Supplement dated September 5, 2023 (the “Prospectus Supplement”) and the Equity Index Underl