<SEC-DOCUMENT>0001104659-25-008397.txt : 20250203
<SEC-HEADER>0001104659-25-008397.hdr.sgml : 20250203
<ACCEPTANCE-DATETIME>20250203073147
ACCESSION NUMBER:		0001104659-25-008397
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:		25580622

	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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<FILENAME>tm2432272d64_fwp.htm
<DESCRIPTION>FWP
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<P STYLE="text-align: right; margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Filed Pursuant to Rule 433 <BR>
Registration Statement No. 333-272447</B></FONT></P>

<P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></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: Arial, Helvetica, Sans-Serif; font-size: 14pt; color: #012169">AUTOCALLABLE
    STRATEGIC ACCELERATED REDEMPTION SECURITIES<SUP>&reg;</SUP> (STARS<SUP>&reg;</SUP>)</FONT></TD></TR>
  </TABLE>

<P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #012169">Autocallable
    Strategic Accelerated Redemption Securities</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><SUP>&reg;</SUP> <FONT STYLE="color: #012169">Linked
    to the MSCI Emerging Markets Index</FONT></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt; width: 15%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Issuer</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; width: 85%; text-align: justify"><FONT STYLE="font-family: Arial, 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="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Principal
    Amount</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">$10.00
    per unit</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Term</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, 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="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Market
    Measure</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">The
    MSCI Emerging Markets Index (Bloomberg symbol: &quot;MXEF&quot;)</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Automatic
    Call</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, 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="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Observation
    Level</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, 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="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Observation
    Dates</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, 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="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Call
    Level</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">100%
    of the Starting Value</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Call
    Amounts (per Unit)</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">[$10.80
    to $10.90] if called on the first Observation Date, [$11.60 to $11.80] if called on the second Observation Date, and [$12.40 to $12.70]
    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="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Payout
    Profile at Maturity</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">If
    not called, 1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of your principal at risk</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Threshold
    Value</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">100%
    of the Starting Value </FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Investment
    Considerations</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">This&#8239;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="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Preliminary
    Offering Documents</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1045520/000110465925008345/tm2432272d62_fwp.htm" STYLE="-sec-extract: exhibit">https://www.sec.gov/Archives/edgar/data/1045520/000110465925008345/tm2432272d62_fwp.htm</A></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="white-space: nowrap; border-bottom: white 1pt solid; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Exchange
    Listing</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5pt 2pt 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">No</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 2pt"></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 2pt"><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"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><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></FONT></P>
    <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><I>&nbsp;</I></B></FONT></P>
    <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Risk
Factors</B></FONT></P>
    <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Please
    see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited
    to, the following:</FONT></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; font-size: 8pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#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.</FONT></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; font-size: 8pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#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.</FONT></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; font-size: 8pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#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.</FONT></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; font-size: 8pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#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.</FONT></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; font-size: 8pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#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.</FONT></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; font-size: 8pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#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.</FONT></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; font-size: 8pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
    value of, and your return on, the notes may be affected by factors affecting the international securities markets, specifically changes
    in the countries represented by the Market Measure.</FONT></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; font-size: 8pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Exchange
    rate movements may adversely impact the value of the notes.</FONT></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; font-size: 8pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;There
    are risks associated with emerging markets.</FONT></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; font-size: 8pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Recent
    executive orders could adversely affect your investment in the notes.</FONT></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: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><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></TD></TR>
  </TABLE>

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<P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><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>

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