<SEC-DOCUMENT>0001104659-24-132575.txt : 20241231
<SEC-HEADER>0001104659-24-132575.hdr.sgml : 20241231
<ACCEPTANCE-DATETIME>20241230175507
ACCESSION NUMBER:		0001104659-24-132575
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241231
DATE AS OF CHANGE:		20241230

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CANADIAN IMPERIAL BANK OF COMMERCE /CAN/
		CENTRAL INDEX KEY:			0001045520
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-272447
		FILM NUMBER:		241590728

	BUSINESS ADDRESS:	
		STREET 1:		81 BAY STREET
		STREET 2:		CIBC SQUARE
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 0E7
		BUSINESS PHONE:		4169803096

	MAIL ADDRESS:	
		STREET 1:		81 BAY STREET
		STREET 2:		CIBC SQUARE
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 0E7

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CANADIAN IMPERIAL BANK OF COMMERCE /CAN/
		CENTRAL INDEX KEY:			0001045520
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		81 BAY STREET
		STREET 2:		CIBC SQUARE
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 0E7
		BUSINESS PHONE:		4169803096

	MAIL ADDRESS:	
		STREET 1:		81 BAY STREET
		STREET 2:		CIBC SQUARE
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 0E7
</SEC-HEADER>
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<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm2429980d71_fwp.htm
<DESCRIPTION>FWP
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<p style="margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Filed
Pursuant to Rule 433</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Registration
Statement No. 333-272447</b></font></p>

<p style="margin: 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <tr style="background-color: #F2F2F2">
    <td style="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 14pt; color: #012169">AUTOCALLABLE STRATEGIC ACCELERATED REDEMPTION SECURITIES<sup>&reg;</sup> (STARS<sup>&reg;</sup>)</font></td>
    </tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td colspan="2" style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #012169">Autocallable Strategic Accelerated Redemption Securities</font><font style="font-family: Times New Roman, Times, Serif"><sup>&reg;</sup></font> <font style="color: #012169">Linked to the Russell 2000&reg; Index</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="width: 16%; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Issuer</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; width: 84%; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">Canadian Imperial Bank of Commerce (&ldquo;CIBC&rdquo;)</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Principal Amount</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">$10.00 per unit</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Term</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">Approximately 3 years, if not called on the first two Observation Dates</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Market Measure</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">The Russell 2000&reg; Index (Bloomberg symbol: &quot;RTY&quot;)</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Automatic Call</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">Automatic call if the Observation Level of the Market Measure on any of the Observation Dates is equal to or greater than the Call Level</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Observation Level</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">The closing level of the Market Measure on any Observation Date</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Observation Dates</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">Approximately one, two and three years after the pricing date</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Call Level</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">100% of the Starting Value</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Call Amounts (per Unit)</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">[$11.00 to $11.10] if called on the first Observation Date, [$12.00 to $12.20] if called on the second Observation Date, and [$13.00 to $13.30] if called on the final Observation Date, each to be determined on the pricing date</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Payout Profile at Maturity</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">If not called, 1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of the principal amount at risk</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Threshold Value</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">100% of the Starting Value</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Investment Considerations</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">This investment is designed for investors who anticipate that the Observation Level on at least one of the Observation Dates will be equal to or greater than the Call Level and, in that case, accept an early exit from the investment, and are willing to accept that their return on their investment will be capped at the applicable Call Premium, take full downside risk and forgo interim interest payments.</font></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Preliminary Offering Documents</b></font></td>
    <td style="font-size: 7.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><a href="https://www.sec.gov/Archives/edgar/data/1045520/000110465924132471/tm2429980d70_fwp.htm"><font style="font-size: 7.5pt">https://www.sec.gov/Archives/edgar/data/1045520/000110465924132471/tm2429980d70_fwp.htm</font></a></td></tr>
  <tr style="background-color: #F2F2F2">
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><b>Exchange Listing</b></font></td>
    <td style="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 7.5pt">No</font></td></tr>
  <tr style="vertical-align: top">
    <td colspan="2" style="padding: 1.4pt 5.4pt">
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>You should read the relevant Preliminary Offering Documents
    before you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy .</i></b></p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Risk Factors</b></p>
    <p style="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0">Please see the Preliminary Offering Documents for a description of
    certain risks related to this investment, including, but not limited to, the following:</p>
    <p style="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><font style="font-family: Symbol">&middot;</font>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
the notes are not called, you will lose up to 100% of the principal amount.</p>
    <p style="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt">&nbsp;</p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><font style="font-family: Symbol">&middot;</font>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Your
investment return is limited to the return represented by the applicable Call Premium.</p>
    <p style="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt">&nbsp;</p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><font style="font-family: Symbol">&middot;</font>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Payments
on the notes, including any repayment of principal, are subject to the credit risk of CIBC, and actual or perceived changes in the creditworthiness
of CIBC are expected to affect the value of the notes. If CIBC becomes insolvent or is unable to pay its obligations, you may lose your
entire investment.</p>
    <p style="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt">&nbsp;</p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><font style="font-family: Symbol">&middot;</font>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
initial estimated value of the notes on the pricing date will be less than their public offering price.</p>
    <p style="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt">&nbsp;</p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><font style="font-family: Symbol">&middot;</font>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial
estimated value of the notes on the pricing date.</p>
    <p style="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt">&nbsp;</p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><font style="font-family: Symbol">&middot;</font>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;As
a noteholder, you will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to
receive securities, dividends or other distributions by the issuers of those securities.</p>
    <p style="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt">&nbsp;</p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><font style="font-family: Symbol">&middot;</font>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
notes are subject to risks associated with small-size capitalization companies.</p>
    <p style="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><font style="font-size: 3pt">&nbsp;</font></p>
    <p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Final terms will be set on the pricing date within the given range
    for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related
    risks and tax disclosure.</i></p></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Canadian Imperial Bank of Commerce (CIBC) has filed a registration
statement (including a product supplement, a prospectus supplement, and a prospectus) with the U.S. Securities and Exchange Commission
(SEC) for the offering to which this document relates. Before you invest, you should carefully read these documents and other documents
that CIBC has filed with the SEC for more complete information about CIBC and this offering. You may get these documents without cost
by visiting EDGAR on the SEC Website at www.sec.gov. CIBC's Central Index Key, or ClK, on the SEC website is 1045520. Alternatively, MLPF&amp;S
or BofAS will arrange to send you these documents if you so request by calling toll-free at 1-800-294-1322.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

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