<SEC-DOCUMENT>0001104659-25-072213.txt : 20250730
<SEC-HEADER>0001104659-25-072213.hdr.sgml : 20250730
<ACCEPTANCE-DATETIME>20250730165830
ACCESSION NUMBER:		0001104659-25-072213
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250730
DATE AS OF CHANGE:		20250730

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:		251167956

	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>
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<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm2519500d109_fwp.htm
<DESCRIPTION>FWP
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<P STYLE="margin: 0">&#8239;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 0">Filed Pursuant to Rule 433<BR>
Registration Statement No. 333-272447</P>

<P STYLE="margin: 0">&#8239;</P>

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    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 14pt; color: #012169">AUTOCALLABLE STRATEGIC ACCELERATED REDEMPTION SECURITIES<SUP>&reg;</SUP> (STARS<SUP>&reg;</SUP>)</TD>
    </TR>
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<P STYLE="margin: 0">&#8239;</P>

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  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt; color: #012169">Autocallable Strategic Accelerated Redemption Securities<SUP>&reg;</SUP> Linked to a Basket of Three Financial Sector Stocks</TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 14%; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Issuer</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt; font-size: 6.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Principal Amount</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">$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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Term</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">Approximately three 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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Market Measure</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt; font-size: 6.5pt">An approximately equally weighted basket of three financial sector stocks comprised of the common stock of each of The Goldman Sachs Group, Inc. (NYSE symbol: &ldquo;GS&rdquo;), Morgan Stanley (NYSE symbol: &ldquo;MS&rdquo;), and JPMorgan Chase &amp; Co. (NYSE symbol: &ldquo;JPM&rdquo;) (each, a &ldquo;Basket Stock&rdquo;).</TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Automatic Call</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Observation Level</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">The value 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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Observation Dates</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Call Level</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Call Amounts (per Unit)</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">[$11.05 to $11.15] if called on the first Observation Date, [$12.10 to $12.30] if called on the second Observation Date, &#8239;and [$13.15 to $13.45] 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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Payout Profile at Maturity</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Threshold Value</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Investment Considerations</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">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 the 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: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Preliminary Offering Documents</B></FONT></TD>
    <TD STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1045520/000110465925072139/tm2519500d108_fwp.htm">&#8239;https://www.sec.gov/Archives/edgar/data/1045520/000110465925072139/tm2519500d108_fwp.htm</A></TD></TR>
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    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Exchange Listing</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6.5pt">No</FONT></TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 4pt">&#8239;</FONT></P>
    <P STYLE="font: 6.5pt Arial, 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: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 4pt">&#8239;</FONT></P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Risk Factors&#8239;</B></P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-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: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>If the notes are not called, you will lose up to 100% of the principal amount.</P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Your investment return is limited to the return represented by the applicable Call Premium.</P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>Changes in the price of one of the Basket Stocks may be offset by changes in the prices of the other Basket Stocks.</P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The initial estimated value of the notes on the pricing date will be less than their public offering price.</P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>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: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>As a noteholder, you will have no rights of a holder of any Basket Stock, and you will not be entitled to receive any shares of
    a Basket Stock or dividends or other distributions by any Underlying Company.</P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>We do not control any company included in the Basket and have not verified any disclosure made by any such company. The companies
    included in the Basket will have no obligations relating to the notes.</P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The payment on the notes will not be adjusted for all corporate events that could affect the Basket Stocks.</P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>The Basket is concentrated in the financial sector and an investment in the notes involves certain risks associated with an investment
    in companies in the financial sector.</P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">&#8239;</P>
    <P STYLE="font: 6.5pt Arial, Helvetica, Sans-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>

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<P STYLE="font-weight: bold; margin: 0">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</P>

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