加拿大帝国商业银行美股招股说明书(2026-04-09版)

Senior Global Medium-Term Notes Digital EURO STOXX 50®Index-Linked Notesdue on September20, 2028 The notes do not bear interest.The amount that you will be paid on your notes on the stated maturity date (September 20, 2028,subject to adjustment) is based on the performance of the EURO STOXX 50®Index (the “underlier”) as measured from the strike date(April 2, 2026) to and including the determination date (September 18, 2028, subject to adjustment). If the final underlier level on thedetermination date isgreater thanorequal tothe initial underlier level (5,692.86, which was the closing level of the underlier on thestrike date), the return on your notes will be positive and you will receive, for each $1,000 principal amount of your notes, the greater of(i) the threshold settlement amount ($1,350.00 for each $1,000 principal amount of your notes) and (ii) thesumof $1,000plustheproductof $1,000timesthe underlier return.If the final underlier level declines from the initial underlier level, the return on yournotes 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 ispositiveorzero(i.e. the final underlier level isgreater than or equal tothe initial underlier level), thegreater of (i) the threshold settlement amount and (ii) thesumof (a) $1,000plus(b) theproductof (1) $1,000times(2) theunderlier return; or●if the underlier return isnegative(i.e. the final underlier levelis less thanthe initial underlier level), thesumof (i) $1,000plus(ii) theproductof (a) $1,000times(b) the underlier return.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 $982.70 per note. The estimated value isless than the initial issue price of the notes. See “Additional Information Regarding Estimated Value of the Notes” in this PricingSupplement. 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. The Bank may use this Pricing Supplement in the initial sale of the notes. Goldman Sachs & Co. LLC (“GS&Co.”) or any of its affiliatesor agents may use this Pricing Supplement in a market-making transaction in a note after its initial sale. Unless we, GS&Co. or any ofour or its respective affiliates or agents informs the purchaser otherwise in the confirmation of sale, this Pricing Supplement is beingused in a market-making transaction. We will deliver the notes in book-entry form through the facilities of The Depository Trust Company (“DTC”) onApril 9, 2026against payment in immediately available funds. Goldman Sachs & Co. LLC Digital EURO STOXX 50®Index-Linked Notes due on September 20, 2028 ADDITIONAL INFORMATION REGARDING ESTIMATED VALUE OF THE NOTES On the cover page of this Pricing Supplement, the Bank has provided the initial estimated value range for the notes. Thisrangeof estimated values was determined by reference to the Bank’s internal pricing models,which take intoconsideration certain factors, such as the Bank’s internal funding rate on the trade date and the Bank’s assumptions aboutmarket parameters.