<SEC-DOCUMENT>0001104659-25-117557.txt : 20251202
<SEC-HEADER>0001104659-25-117557.hdr.sgml : 20251202
<ACCEPTANCE-DATETIME>20251202101628
ACCESSION NUMBER:		0001104659-25-117557
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251202
DATE AS OF CHANGE:		20251202

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:		251541885

	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>tm2530021d65_fwp.htm
<DESCRIPTION>FWP
<TEXT>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 0"><B>Filed Pursuant to Rule 433</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 0"><B>Registration Statement No. 333-272447</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Arial, Helvetica, Sans-Serif">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding: 5.4pt; width: 75%; font-size: 14pt"><FONT STYLE="font-size: 14pt; color: #012169">AUTOCALLABLE
    STRATEGIC ACCELERATED REDEMPTION SECURITIES<SUP>&reg;</SUP> (STARS<SUP>&reg;</SUP>)</FONT></TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>

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

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<TR STYLE="vertical-align: top">
<TD COLSPAN="2" STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #012169">Autocallable Strategic Accelerated Redemption Securities</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><SUP>&reg;</SUP></FONT> <FONT STYLE="font-size: 12pt; color: #012169">Linked to the Russell 2000<SUP>&reg;</SUP> Index</FONT></TD></TR>
<TR STYLE="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; width: 15%; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Issuer</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; width: 85%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Canadian Imperial Bank of Commerce (&ldquo;CIBC&rdquo;)</FONT></TD></TR>
<TR STYLE="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Principal Amount</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$10.00 per unit</FONT></TD></TR>
<TR STYLE="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Term</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Approximately 3 years, if not called on the first two Observation Dates</FONT></TD></TR>
<TR STYLE="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Market Measure</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The Russell 2000<SUP>&reg;</SUP> Index (Bloomberg symbol: &quot;RTY&quot;)</FONT></TD></TR>
<TR STYLE="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Automatic Call</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Observation Level</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The closing level of the Market Measure on any Observation Date</FONT></TD></TR>
<TR STYLE="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Observation Dates</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Approximately one, two and three years after the pricing date</FONT></TD></TR>
<TR STYLE="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Call Level</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">100% of the Starting Value</FONT></TD></TR>
<TR STYLE="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Call Amounts (per Unit)</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">[$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="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Payout Profile at Maturity</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Threshold Value</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">100% of the Starting Value</FONT></TD></TR>
<TR STYLE="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Investment Considerations</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">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-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Preliminary Offering Documents</B></FONT></TD>
<TD STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: justify"><A HREF="https://www.sec.gov/Archives/edgar/data/1045520/000110465925117464/tm2530021d64_fwp.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">https://www.sec.gov/Archives/edgar/data/1045520/000110465925117464/tm2530021d64_fwp.htm</FONT></A></TD></TR>
<TR STYLE="font-size: 7.5pt; background-color: #F2F2F2">
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; text-align: left; font-size: 7.5pt; vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exchange Listing</B></FONT></TD>
<TD STYLE="border-bottom: white 1pt solid; padding: 2pt 5.4pt; font-size: 7.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">No</FONT></TD></TR>
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<P STYLE="font: 5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0 0 0 5.4pt; font: 7.5pt Arial, Helvetica, Sans-Serif; text-indent: 0; text-align: justify"><FONT STYLE="font-size: 7.5pt"><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="text-indent: 0; font: 5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5.4pt">&nbsp;</P>

<P STYLE="margin: 0 0 0 5.4pt; font: 7.5pt Arial, Helvetica, Sans-Serif; text-indent: 0; text-align: justify"><FONT STYLE="font-size: 7.5pt"><B>Risk
Factors</B></FONT></P>

<P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 2pt 5.4pt; text-indent: 0; text-align: justify"><FONT STYLE="font-size: 7.5pt">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>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 7.5pt; vertical-align: top">
<TD STYLE="font-size: 7.5pt; width: 0in"></TD><TD STYLE="padding-left: 5.4pt; text-align: left; font-size: 7.5pt; width: 0.35in; vertical-align: top"><FONT STYLE="font-family: Symbol; font-size: 8pt">&middot;</FONT>

 </TD><TD STYLE="font-size: 7.5pt"><FONT STYLE="font-size: 7.5pt">If
                                            the notes are not called, you will lose up to 100% of the principal amount.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 7.5pt; vertical-align: top">
<TD STYLE="font-size: 7.5pt; width: 0in"></TD><TD STYLE="padding-left: 5.4pt; text-align: left; font-size: 7.5pt; width: 0.35in; vertical-align: top"><FONT STYLE="font-family: Symbol; font-size: 8pt">&middot;</FONT>

 </TD><TD STYLE="font-size: 7.5pt"><FONT STYLE="font-size: 7.5pt">Your
                                            investment return is limited to the return represented by the applicable Call Premium.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 7.5pt; vertical-align: top">
<TD STYLE="font-size: 7.5pt; width: 0in"></TD><TD STYLE="padding-left: 5.4pt; text-align: left; font-size: 7.5pt; width: 0.35in; vertical-align: top"><FONT STYLE="font-family: Symbol; font-size: 8pt">&middot;</FONT>

 </TD><TD STYLE="font-size: 7.5pt"><FONT STYLE="font-size: 7.5pt">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></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 7.5pt; vertical-align: top">
<TD STYLE="font-size: 7.5pt; width: 0in"></TD><TD STYLE="padding-left: 5.4pt; text-align: left; font-size: 7.5pt; width: 0.35in; vertical-align: top"><FONT STYLE="font-family: Symbol; font-size: 8pt">&middot;</FONT>

 </TD><TD STYLE="font-size: 7.5pt"><FONT STYLE="font-size: 7.5pt">The
                                            initial estimated value of the notes on the pricing date will be less than their public offering
                                            price.</FONT></TD></TR></TABLE>

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<TD STYLE="font-size: 7.5pt; width: 0in"></TD><TD STYLE="padding-left: 5.4pt; text-align: left; font-size: 7.5pt; width: 0.35in; vertical-align: top"><FONT STYLE="font-family: Symbol; font-size: 8pt">&middot;</FONT>

 </TD><TD STYLE="font-size: 7.5pt"><FONT STYLE="font-size: 7.5pt">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></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 7.5pt; vertical-align: top">
<TD STYLE="font-size: 7.5pt; width: 0in"></TD><TD STYLE="padding-left: 5.4pt; text-align: left; font-size: 7.5pt; width: 0.35in; vertical-align: top"><FONT STYLE="font-family: Symbol; font-size: 8pt">&middot;</FONT>

 </TD><TD STYLE="font-size: 7.5pt"><FONT STYLE="font-size: 7.5pt">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></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 7.5pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 7.5pt; vertical-align: top">
<TD STYLE="font-size: 7.5pt; width: 0in"></TD><TD STYLE="padding-left: 5.4pt; text-align: left; font-size: 7.5pt; width: 0.35in; vertical-align: top"><FONT STYLE="font-family: Symbol; font-size: 8pt">&middot;</FONT>

 </TD><TD STYLE="font-size: 7.5pt"><FONT STYLE="font-size: 7.5pt">The
                                            notes are subject to risks associated with small-size capitalization companies.</FONT></TD></TR></TABLE>

<P STYLE="font: 5pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5.4pt"><FONT STYLE="font-size: 7.5pt"><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>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5.4pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5.4pt"><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></P>

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

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

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