加拿大帝国商业银行美股招股说明书(2026-05-26版)

Canadian Imperial Bank of Commerce Senior Global Medium-Term Notes $975,000 Contingent Coupon (with Memory) Barrier Notes Linked to the Worst Performing of the CommonStock of Advanced Micro Devices, Inc., the Common Stock of ServiceNow, Inc. and theClass A common stock ●The Contingent Coupon (with Memory) Barrier Notes (the “notes”) will provide monthly Contingent Coupon Payments of$18.95 per $1,000 principal amount (or 1.859% of the principal amount, equivalent to 22.308% per annum), as well as anypreviously unpaid Contingent Coupon Payments with respect to prior Coupon Determination Dates as described in theparagraph below if,and only if, the Closing Price of the Worst Performing Reference Stock on the applicable monthly ●If a Contingent Coupon Payment is not payable on a Coupon Payment Date because the Closing Price of the WorstPerforming Reference Stock on the relevant Coupon Determination Date is less than its Coupon Barrier Price, suchContingent Coupon Payment will become payable on a later Coupon Payment Date if, and only if, the Closing Price of theWorst Performing Reference Stock on such later Coupon Determination Date is greater than or equal to its Coupon Barrier follows: a.If the Final Price of the Worst Performing Reference Stock is greater than or equal to its Principal Barrier Price (50% ofits Initial Price): the sum of (i) the principal amount and (ii) the final Contingent Coupon Payment (with Memory). amount plus (ii) the product of the principal amount multiplied by the Percentage Change of the Worst PerformingReference Stock. In this case, you will lose some or all of the principal amount at maturity. Even with any ContingentCoupon Payments (with Memory), the return on the notes could be negative. ●The notes will not be listed on any securities exchange. ●The notes will be issued in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. The notes are unsecured obligations of the Bank and any payments on the notes are subject to the credit risk of the Bank.The notes 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. The notes are not bail-inable debt securities (as defined on page 6 of the prospectus). approved or disapproved of these notes 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. Investing in the notes involves risks not associated with an investment in ordinary debt securities. See “Additional RiskFactors” beginning on page PS-8 of this pricing supplement, and “Risk Factors” beginning on page S-1 of the accompanying underlying supplement, page S-1 of the prospectus supplement and page 1 of the prospectus. 17 of this pricing supplement. The initial estimated value of the notes on the Trade Date as determined by the Bank is $874.60 per $1,000 principal amount ofthe notes, which is less than the price to public. See “The Bank’s Estimated Value of the Notes” in this pricing supplement. We will deliver the notes in book-entry form through the facilities of The Depository Trust Company (“DTC”) on May 26, 2026against payment in immediately available funds. ADDITIONAL TERMS OF THE NOTES You should read this pricing supplement together with the prospectus dated September 5, 2023 (the “prospectus”),the prospectus supplement dated September 5, 2023 (the “prospectus supplement”) and the Stock-LinkedUnderlying Supplement dated September 5, 2023 (the “underlying supplement”).Information in this pricingsupplement supersedes information in the underlying supplement, the prospectus supplement and the prospectus to You should rely only on the information contained in or incorporated by reference in this pricing supplement and theaccompanying underlying supplement, the prospectus supplement and the prospectus. This pricing supplement maybe used only for the purpose for which it has been prepared. No one is authorized to give information other than thatcontained in this pricing supplement and the accompanying underlying supplement, the prospectus supplement andthe prospectus, and in the documents referred to in those documents and which are made available to the public. We, We and CIBCWM are 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 in this pricingsupplement or the accompanying underlying supplement, the prospectus supplement or the prospectus is accurate asof any date other than the date of the applicable document. Our business, financial condition, results of operationsand prospects may have changed since that date. Neither this pricing supplement nor the accompanying underlyingsup