<SEC-DOCUMENT>0001104659-25-106082.txt : 20251104
<SEC-HEADER>0001104659-25-106082.hdr.sgml : 20251104
<ACCEPTANCE-DATETIME>20251104123344
ACCESSION NUMBER:		0001104659-25-106082
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251104
DATE AS OF CHANGE:		20251104

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:		251447467

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

<P STYLE="font-size: 10pt; text-align: right; margin: 0"><FONT STYLE="font-size: 10pt"><B>Filed Pursuant to Rule 433</B></FONT></P>

<P STYLE="font-size: 10pt; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Registration Statement No. 333-272447</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="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="margin: 0">&nbsp;</P>

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

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  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding: 1.4pt 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; 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="font-size: 6.5pt; width: 12%; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Issuer</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; font: 6.5pt Calibri, Helvetica, Sans-Serif; padding: 1.4pt 5.4pt; width: 88%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt">Canadian
    Imperial Bank of Commerce (&ldquo;CIBC&rdquo;)</FONT></TD></TR>
  <TR STYLE="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Principal
    Amount</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt">$10.00
    per unit</FONT></TD></TR>
  <TR STYLE="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Term</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt">Approximately
    three years, if not called on the first two Observation Dates</FONT></TD></TR>
  <TR STYLE="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Market
    Measure</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; font: 6.5pt Calibri, Helvetica, Sans-Serif; padding: 1.4pt 5.4pt"><FONT STYLE="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;).</FONT></TD></TR>
  <TR STYLE="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Automatic
    Call</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, 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="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Observation
    Level</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt">The
    value of the Market Measure on any Observation Date </FONT></TD></TR>
  <TR STYLE="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Observation
    Dates</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt">Approximately
    one, two and three years after the pricing date</FONT></TD></TR>
  <TR STYLE="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Call
    Level</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt">100%
    of the Starting Value</FONT></TD></TR>
  <TR STYLE="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Call
    Amounts (per Unit)</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt">[$11.10
    to $11.20] if called on the first Observation Date, [$12.20 to $12.40] if called on the second Observation Date, and [$13.30 to $13.60]
    if called on the final Observation Date, each to be determined on the pricing date</FONT></TD></TR>
  <TR STYLE="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Payout
    Profile at Maturity</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, 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="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Threshold
    Value</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt">100%
    of the Starting Value</FONT></TD></TR>
  <TR STYLE="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Investment
    Considerations</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, 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="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Preliminary
    Offering Documents</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-size: 6.5pt">https://www.sec.gov/Archives/edgar/data/1045520/000110465925106019/tm2527656d59_fwp.htm</FONT></TD></TR>
  <TR STYLE="font-size: 6.5pt; background-color: #F2F2F2">
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt"><B>Exchange
    Listing</B></FONT></TD>
    <TD STYLE="font-size: 6.5pt; border-bottom: white 1pt solid; padding: 1.4pt 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 6.5pt">No</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 6.5pt"><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: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 6.5pt"><B>Risk Factors</B></FONT></P>
    <P STYLE="font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></P>
    <P STYLE="padding-bottom: 1pt; font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 6.5pt">Please see the Preliminary Offering
    Documents for a description of certain risks related to this investment, including, but not limited to, the following:</FONT></P>
    <P STYLE="padding-bottom: 1pt; font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 6.5pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 6.5pt">
    </FONT><FONT STYLE="font-size: 6.5pt">&#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="padding-bottom: 1pt; font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 6.5pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 6.5pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-size: 6.5pt">Your investment return is limited to the return represented by the applicable Call Premium.</FONT></P>
    <P STYLE="padding-bottom: 1pt; font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 6.5pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 6.5pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-size: 6.5pt">Changes in the price of one of the Basket Stocks may be offset by changes in the prices of
    the other Basket Stocks.</FONT></P>
    <P STYLE="padding-bottom: 1pt; font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 6.5pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 6.5pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-size: 6.5pt">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="padding-bottom: 1pt; font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 6.5pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 6.5pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-size: 6.5pt">The initial estimated value of the notes on the pricing date will be less than their public
    offering price.</FONT></P>
    <P STYLE="padding-bottom: 1pt; font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 6.5pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 6.5pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-size: 6.5pt">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="padding-bottom: 1pt; font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 6.5pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 6.5pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-size: 6.5pt">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.</FONT></P>
    <P STYLE="padding-bottom: 1pt; font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 6.5pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 6.5pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-size: 6.5pt">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.</FONT></P>
    <P STYLE="padding-bottom: 1pt; font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 6.5pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 6.5pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-size: 6.5pt">The payment on the notes will not be adjusted for all corporate events that could affect the
    Basket Stocks.</FONT></P>
    <P STYLE="font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 6.5pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 6.5pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    </FONT><FONT STYLE="font-size: 6.5pt">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.</FONT></P>
    <P STYLE="font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 6.5pt">&nbsp;</FONT></P>
    <P STYLE="font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-size: 6.5pt">&nbsp;</FONT></P>
    <P STYLE="font: 6.5pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 6.5pt"><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="font-size: 10pt; margin: 0"><FONT STYLE="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 <U>www.sec.gov</U>. 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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