您的浏览器禁用了JavaScript(一种计算机语言,用以实现您与网页的交互),请解除该禁用,或者联系我们。 [美股招股说明书]:加拿大帝国商业银行美股招股说明书(2026-06-16版) - 发现报告

加拿大帝国商业银行美股招股说明书(2026-06-16版)

2026-06-16 美股招股说明书 王英文
报告封面

Pricing Supplement dated June 12, 2026(To Stock-Linked Underlying Supplement dated June 4, 2026,Prospectus Supplement dated June 4, 2026, and Prospectus dated June 4, 2026) STRUCTURED INVESTMENTS$3,708,000 Contingent Income Auto-Callable Securities due June 15, 2029 Based on the Performance of the Common Stock of Keurig Dr Pepper Inc. Principal at Risk Securities The Contingent Income Auto-Callable Securities (the “securities”) do not guarantee the payment of interest or the repayment of principal. Instead, the securities offer theopportunity 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 the 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 securedobligations 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). With respect to each Determination Date other than the Final Determination Date, the third Business Day after the relatedDetermination Date. The payment of the Contingent Quarterly Coupon, if any, with respect to the Final Determination Date will be madeon the Maturity Date. Each Contingent Payment Date is subject to postponement as described under “Certain Terms of the Notes—Interest Payment Dates, Coupon Payment Dates, Call Payment Dates and Maturity Date” in the underlying supplement. (2) Of the $22.50 per security received by CIBCWM, CIBCWM will pay Morgan Stanley Wealth Management a structuring fee of $5.00 for each security.The initial estimated value of the securities on the Pricing Date as determined by CIBC is $959.40 per security, which is less than the price to public. See “Risk Factors—General Risks” beginning on page 11 of this pricing supplement and “Additional Information About the Securities—The Bank’s Estimated Value of the Securities” beginning onpage 15 of this pricing supplement for additional information. Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any state or provincial securities commission has approved or disapproved the securitiesor determined if this pricing supplement or the accompanying underlying supplement, prospectus supplement or prospectus is truthful or complete. Anyrepresentation to the contrary is a criminal offense. Investing in the securities involves risks not associated with an investment in ordinary debt securities. See “Risk Factors” beginning on page 9 of this pricingsupplement, and “Risk Factors” beginning on page S-1 of the accompanying underlying supplement, page S-1 of the prospectus supplement and page 1 of theprospectus. Contingent Income Auto-Callable Securities due June 15, 2029Based on the Performance of the Common Stock of Keurig Dr Pepper Inc. Principal at Risk Securities Contingent Income Auto-Callable Securities due June 15, 2029Based on the Performance of the Common Stock of Keurig Dr Pepper Inc. Principal at Risk Securities Investment Summary Contingent Income Auto-Callable SecuritiesPrincipal at Risk Securities The Contingent Income Auto-Callable Securities due June 15, 2029 Based on the Performance of the Common Stock of Keurig DrPepper Inc., which we refer to as the securities, provide an opportunity for investors to earn a Contingent Quarterly Coupon at anannual rate of 10.10% with respect to each quarterly Determination Date on which the Determination Closing Price or the Final SharePrice, as applicable, is greater than or equal to 75.00% of the Initial Share Price, which we refer to as the Dow