<SEC-DOCUMENT>0001104659-25-008413.txt : 20250203
<SEC-HEADER>0001104659-25-008413.hdr.sgml : 20250203
<ACCEPTANCE-DATETIME>20250203081157
ACCESSION NUMBER:		0001104659-25-008413
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250203
DATE AS OF CHANGE:		20250203

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:		25580691

	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>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm2432272d49_fwp.htm
<DESCRIPTION>FWP
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: right; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Filed Pursuant
to Rule 433</B></FONT></P>

<P STYLE="text-align: right; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Registration
Statement No. 333-272447</B></FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
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    <TD STYLE="padding-bottom: 2pt; width: 76%; font: 14pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; color: #012169">AUTOCALLABLE STRATEGIC ACCELERATED REDEMPTION SECURITIES<SUP>&reg;</SUP> (STARS<SUP>&reg;</SUP>)</TD>
    <TD STYLE="width: 24%; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 16pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: white 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; color: #012169">Autocallable Strategic Accelerated Redemption Securities</FONT><SUP>&reg;</SUP> <FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; color: #012169">Linked to the EURO STOXX 50&reg; Index</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 16%; border-top: white 1pt solid; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Issuer</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-Serif; font-size: 7.5pt">The &nbsp;EURO STOXX 50&reg; Index (Bloomberg symbol: &quot;SX5E&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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Call Amounts (per Unit)</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Calibri, Helvetica, Sans-Serif; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify; text-indent: 0in">[$10.90 to $11.00] if called on the first Observation Date, [$11.80 to $12.00] if called on the second Observation Date, and [$12.70 to $13.00] if called on the final Observation Date, each to be determined on the pricing date</TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Payout Profile at Maturity</B></FONT></TD>
    <TD STYLE="padding: 1.4pt 5.4pt 1.4pt 5pt; border-bottom: white 1pt solid; font: 7.5pt Calibri, Helvetica, Sans-Serif; text-align: justify; text-indent: 0in">If not called, 1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of the principal amount at risk</TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Preliminary Offering Documents</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt 1.4pt 5pt; text-align: justify"><FONT STYLE="font-size: 7.5pt; font-family: Calibri, Helvetica, Sans-Serif"><A HREF="https://www.sec.gov/Archives/edgar/data/1045520/000110465925008200/tm2432272d48_fwp.htm" STYLE="-sec-extract: exhibit">https://www.sec.gov/Archives/edgar/data/1045520/000110465925008200/tm2432272d48_fwp.htm</A></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-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: Calibri, Helvetica, Sans-Serif; font-size: 7.5pt">No</FONT></TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 5pt">&nbsp;</FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0"  STYLE="width: 100%">
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    <TD STYLE="text-align: left; padding-right: 9.05pt; padding-left: 5.4pt">
    <P STYLE="font: 7.5pt Calibri, Helvetica, Sans-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 Calibri, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></P>
    <P STYLE="font: 7.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0"><B>Risk Factors</B></P></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-right: 9.05pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">Please
    see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited
    to, the following:</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="padding-bottom: 3pt; padding-left: 5.4pt; width: 21.55pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="padding-bottom: 3pt">If the notes are not called, you will lose up to 100% of the principal amount.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-bottom: 3pt; width: 0"></TD><TD STYLE="padding-bottom: 3pt; padding-left: 5.4pt; width: 21.55pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="padding-bottom: 3pt">Your investment return is limited to the return represented by the applicable Call Premium.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-bottom: 3pt; width: 0"></TD><TD STYLE="padding-bottom: 3pt; padding-left: 5.4pt; width: 21.55pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="padding-bottom: 3pt">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.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-bottom: 3pt; width: 0"></TD><TD STYLE="padding-bottom: 3pt; padding-left: 5.4pt; width: 21.55pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="padding-bottom: 3pt">The initial estimated value of the notes on the pricing date will be less than their public offering price.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-bottom: 3pt; width: 0"></TD><TD STYLE="padding-bottom: 3pt; padding-left: 5.4pt; width: 21.55pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="padding-bottom: 3pt">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.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-bottom: 3pt; width: 0"></TD><TD STYLE="padding-bottom: 3pt; padding-left: 5.4pt; width: 21.55pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="padding-bottom: 3pt">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.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="padding-left: 5.4pt; width: 21.55pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Your return on the notes may be affected by factors affecting the international securities markets, specifically changes within the
Eurozone. The Eurozone is and has been undergoing severe financial stress and the political, legal, and regulatory ramifications are impossible
to predict. Changes within the Eurozone could adversely affect the performance of the Market Measure and, consequently, the value of the
notes. In addition, you will not obtain the benefit of any increase in the value of the euro against the U.S. dollar, which you would
have received if you had owned the securities in the Market Measure during the term of your notes, although the level of the Market Measure
may be adversely affected by general exchange rate movements in the market.</TD></TR></TABLE>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 5pt">&nbsp;</FONT></P>

<P STYLE="margin-left: 5.4pt; font: 8pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><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></FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><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></FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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