加拿大帝国商业银行美股招股说明书(2026-06-16版)

Opportunities in U.S. Equities$3,708,000 Contingent Income Auto-Callable Securities due June 15, 2029 STRUCTURED INVESTMENTS Based on the Performance of the Common Stock of Keurig Dr Pepper Inc.Principal at Risk SecuritiesThe Contingent Income Auto-Callable Securities (the “securities”) do not guarantee the payment of interest or the repayment of principal. Instead, the securities offer the opportunity for investors to earn a Contingent Quarterly Coupon at an annual rate of 10.10%, but only with respect to each Determination Date on which the DeterminationClosing Price of the Underlying Stock is greater than or equal to 75.00% of the Initial Share Price, which we refer to as the Downside Threshold Price. In addition, if theDetermination Closing Price of the Underlying Stock is greater than or equal to the Initial Share Price on any Determination Date, the securities will be automatically redeemedfor an amount per security equal to the Stated Principal Amount and the Contingent Quarterly Coupon. However, if the securities are not automatically redeemed prior tomaturity, the Payment at Maturity due on the securities will be as follows: (i) if the Final Share Price is greater than or equal to the Downside Threshold Price, the StatedPrincipal Amount and the Contingent Quarterly Coupon with respect to the Final Determination Date, or (ii) if the Final Share Price is less than the Downside Threshold Price,investors will be exposed to the decline in the Underlying Stock on a 1-to-1 basis and will receive a Payment at Maturity that is less than 75.00% of the principal amount of thesecurities and could be zero. Moreover, if on any Determination Date, the Determination Closing Price of the Underlying Stock is less than the Downside Threshold Price, youwill not receive any Contingent Quarterly Coupon for that quarterly period. As a result, investors must be willing to accept the risk of not receiving any Contingent QuarterlyCoupons and also the risk of receiving a Payment at Maturity that is significantly less than the Stated Principal Amount of the securities and could be zero.Accordingly,investors could lose their entire initial investment in the securities.The securities are for investors who are willing to risk their principal and seek an opportunity to earninterest at a potentially above-market rate in exchange for the risk of receiving few or no Contingent Quarterly Coupons over the term of the securities and in exchange for thepossibility of an automatic early redemption prior to maturity. Investors will not participate in any appreciation of the Underlying Stock.Any payment is subject to our credit risk. If we default on our obligations, you could lose some or all of your investment. These securities are not secured obligations and you will not have any security interest in, or otherwise have any access to, the Underlying Stock. The securities will not constitute depositsinsured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation, or any other government agency or instrumentality ofCanada, the United States or any other jurisdiction. The securities are not bail-inable debt securities (as defined on page 6 of the prospectus).FINAL TERMS If, on any of the first eleven Determination Dates, the Determination Closing Price of the Underlying Stock is greater than or equal to theInitial Share Price, the securities will be automatically redeemed for an Early Redemption Payment on the related Contingent PaymentDate. No further payments will be made on the securities once they have been redeemed.The Early Redemption Payment will be an amount equal to (i) the Stated Principal Amount plus (ii) the Contingent Quarterly Coupon with respect to the related Determination Date.The Closing Price of the Underlying Stock on any Determination Date other than the Final Determination Date. ●If, on any Determination Date, the Determination Closing Price or the Final Share Price, as applicable, is greater than or equal to theDownside Threshold Price, we will pay a Contingent Quarterly Coupon at an annual rate of 10.10% (corresponding to $25.25 perquarter per security) on the related Contingent Payment Date.●If, on any Determination Date, the Determination Closing Price or the Final Share Price, as applicable, is less than the Downside Threshold Price, no Contingent Quarterly Coupon will be paid with respect to that Determination Date.Quarterly, on September 14, 2026, December 14, 2026, March 12, 2027, June 14, 2027, September 13, 2027, December 13, 2027, March 13, 2028, June 12, 2028, September 12, 2028, December 12, 2028, March 12, 2029, and June 12, 2029 (the “FinalDetermination Date”). Each Determination Date is subject to postponement for non-Trading Days and certain Market Disruption Eventsas described under “Certain Terms of the Notes—Valuation Dates—For Notes Where the Reference Asset Is a Single Reference Stock”in the underlying supplement.With respect to each Determination Date