<SEC-DOCUMENT>0001104659-25-072148.txt : 20250730
<SEC-HEADER>0001104659-25-072148.hdr.sgml : 20250730
<ACCEPTANCE-DATETIME>20250730160139
ACCESSION NUMBER:		0001104659-25-072148
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:		251166887

	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>tm2519500d107_fwp.htm
<DESCRIPTION>FWP
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<P STYLE="text-align: right; margin: 0pt"><B>Filed Pursuant to Rule 433<BR>
Registration Statement No. 333-272447</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Arial, Helvetica, Sans-Serif">
  <TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="padding: 5pt; width: 100%; font-size: 12pt"><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="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: rgb(1,33,105)">Autocallable
Strategic Accelerated Redemption Securities<SUP>&reg;</SUP> Linked to the Russell 2000<SUP>&reg;</SUP> Index</FONT> <FONT STYLE="font-size: 10pt; color: rgb(1,33,105)">&nbsp;</FONT></P>



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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="background-color: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt; width: 20%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Issuer</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt; width: 80%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Canadian Imperial Bank of Commerce
    (&ldquo;CIBC&rdquo;)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Principal
    Amount</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">$10.00 per unit</FONT></TD></TR>
  <TR STYLE="background-color: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Term</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Approximately 3 years, if not called on the first two
    Observation Dates</FONT></TD></TR>
  <TR STYLE="background-color: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Market Measure</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The
    Russell 2000<SUP>&reg;</SUP> Index (Bloomberg symbol: &quot;RTY&quot;)</FONT></TD></TR>
  <TR STYLE="background-color: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Automatic
    Call</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">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: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Observation
    Level</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The closing level of the Market Measure on any Observation
    Date</FONT></TD></TR>
  <TR STYLE="background-color: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Observation
    Dates</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Approximately one, two and three years after the pricing
    date</FONT></TD></TR>
  <TR STYLE="background-color: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Call Level</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100% of the Starting Value</FONT></TD></TR>
  <TR STYLE="background-color: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Call Amounts
    (per Unit)</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">[$11.05 to $11.15] if called on the first Observation
    Date, [$12.10 to $12.30] if called on the second Observation Date, 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: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Payout Profile
    at Maturity</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">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: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Threshold
    Value</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100% of the Starting Value</FONT></TD></TR>
  <TR STYLE="background-color: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Investment
    Considerations</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">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: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Preliminary
    Offering Documents</B></FONT></TD>
    <TD STYLE="vertical-align: middle; font: 8pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-size: 8pt"></FONT><A HREF="https://www.sec.gov/Archives/edgar/data/1045520/000110465925072048/tm2519500d101_fwp.htm" STYLE="-sec-extract: exhibit">https://www.sec.gov/Archives/edgar/data/1045520/000110465925072048/tm2519500d101_fwp.htm</A></TD></TR>
  <TR STYLE="background-color: rgb(242,242,242); vertical-align: top">
    <TD STYLE="border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Exchange Listing</B></FONT></TD>
    <TD STYLE="text-align: justify; border-bottom: White 1pt solid; padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">No</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 8pt"><B>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 .</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 8pt"><B>Risk Factors</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 2pt">&nbsp;</FONT></P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 8pt">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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in"><FONT STYLE="font-size: 8pt">&#9679;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">If the notes are not called, you will lose up to 100%
    of the principal amount.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 8pt">&#9679;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Your investment return is limited to the return represented
    by the applicable Call Premium.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 8pt">&#9679;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">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.&nbsp;&nbsp;If CIBC becomes insolvent or is unable to pay its obligations, you may lose your entire investment.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 8pt">&#9679;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The initial estimated value of the notes on the pricing
    date will be less than their public offering price.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 8pt">&#9679;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">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></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 8pt">&#9679;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">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></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 8pt">&#9679;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The notes are subject to risks associated with small-size
    capitalization companies.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 8pt">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.</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">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.</FONT></P>

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

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