<SEC-DOCUMENT>0001104659-25-068216.txt : 20250716
<SEC-HEADER>0001104659-25-068216.hdr.sgml : 20250716
<ACCEPTANCE-DATETIME>20250716080723
ACCESSION NUMBER:		0001104659-25-068216
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250716
DATE AS OF CHANGE:		20250716

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
		EIN:				000000000
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-272447
		FILM NUMBER:		251126177

	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
		EIN:				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>tm2519500d21_fwp.htm
<DESCRIPTION>FWP
<TEXT>
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<P STYLE="font-family: Arial, Helvetica, Sans-Serif; margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-family: Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="font-family: Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; width: 68%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; font-family: Arial, Helvetica, Sans-Serif; width: 32%; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Filed
    Pursuant to Rule 433</FONT></TD></TR>
  <TR STYLE="font-family: Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; font-family: Arial, Helvetica, Sans-Serif; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Registration
    Statement No. 333-272447</FONT></TD></TR>
  </TABLE>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-family: Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-family: Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="padding: 5.4pt; font: 14pt Arial, Helvetica, Sans-Serif; width: 95%; color: #012169"><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>
    <TD STYLE="padding: 5.4pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 5%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  </TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; border-bottom: white 1pt solid; padding: 1.5pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #012169">Autocallable
    Strategic Accelerated Redemption Securities<SUP>&reg;</SUP> Linked to the Invesco S&amp;P 500</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: rgb(1,33,105)"><SUP>&reg;</SUP></FONT>
    <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #012169">Equal Weight ETF</FONT></TD></TR>
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; 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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; 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="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">$10.00
    per unit</FONT></TD></TR>
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Term</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">Approximately
    six years, if not called on the first five Observation Dates</FONT></TD></TR>
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">The
    Invesco S&amp;P 500<SUP>&reg;</SUP> Equal Weight ETF (Bloomberg symbol: &quot;RSP&quot;)</FONT></TD></TR>
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; 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="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">The
    Closing Market Price of the Market Measure on any Observation Date times its Price Multiplier as of that day</FONT></TD></TR>
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">Approximately
    one, two, three, four, five and six years after the pricing date</FONT></TD></TR>
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; 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="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">[$10.575
    to $10.675] if called on the first Observation Date, [$11.150 to $11.350] if called on the second Observation Date, [$11.725 to $12.025]
    if called on the third Observation Date, [$12.300 to $12.700] if called on the fourth Observation Date, [$12.875 to $13.375] if called
    on the fifth Observation Date,&nbsp;&nbsp;and [$13.450 to $14.050] if called on the final Observation Date, each to be determined
    on the pricing date</FONT></TD></TR>
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; 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 the principal amount at risk</FONT></TD></TR>
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; 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="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, 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="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><A HREF="https://www.sec.gov/Archives/edgar/data/1045520/000110465925068152/tm2519500d20_fwp.htm" STYLE="-sec-extract: exhibit">https://www.sec.gov/Archives/edgar/data/1045520/000110465925068152/tm2519500d20_fwp.htm</A></FONT></TD></TR>
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt"><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; font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 3pt 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">No</FONT></TD></TR>
  <TR STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; padding: 1.4pt 5.4pt"><P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>
                                                                                            <P STYLE="font: 7.5pt Arial, Helvetica, Sans-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 Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><I>&nbsp;</I></B></FONT></P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; padding-bottom: 2pt; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Risk
    Factors</B></FONT></P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; padding-bottom: 2pt; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Please
    see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited
    to, the following:</B></FONT></P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT>
    <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#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 Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Your investment return is limited to the return represented by the
    applicable Call Premium.</FONT></P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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 Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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 Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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 Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 21.55pt; text-indent: -21.55pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As a noteholder, you will have no rights of a holder of shares of
    the Market Measure or the securities held 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 Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><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></B></FONT></P></TD></TR>
  </TABLE>

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

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

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

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

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