# EDGAR Filing Document

**Accession Number:** 0001045520
**File Stem:** 0001104659-25-125526
**Filing Date:** 2025-12
**Character Count:** 10105
**Document Hash:** 2d16d01798ab2ce0daaaf810510b5198
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-125526.hdr.sgml**: 20251231

**ACCESSION NUMBER**: 0001104659-25-125526

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251231

**DATE AS OF CHANGE**: 20251231

**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:** 251616604

**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

**Filed Pursuant to Rule 433 <br> Registration Statement No. 333-272447**

CAPPED LEVERAGED INDEX RETURN NOTES<sup>®</sup> (CAPPED LIRNs<sup>®</sup>)

Capped LIRNs<sup>®</sup> Linked to a Global Equity Index Basket

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Issuer** | &nbsp;&nbsp;&nbsp;Canadian Imperial Bank of Commerce ("CIBC") |
| &nbsp;&nbsp;&nbsp;**Principal Amount** | &nbsp;&nbsp;&nbsp;$10.00 per unit |
| &nbsp;&nbsp;&nbsp;**Term** | &nbsp;&nbsp;&nbsp;Approximately four years |
| &nbsp;&nbsp;&nbsp;**Market Measure** | &nbsp;&nbsp;&nbsp;A global equity index basket comprised of the S&P 500<sup>®</sup> Index (Bloomberg symbol: "SPX"), the Russell 2000<sup>®</sup> Index (Bloomberg symbol: "RTY"), the EURO STOXX 50<sup>®</sup> Index (Bloomberg symbol: "SX5E"), the S&P MidCap 400<sup>®</sup> Index (Bloomberg symbol: "MID"), the FTSE<sup>®</sup> 100 Index (Bloomberg symbol: "UKX"), the Nikkei Stock Average Index (Bloomberg symbol: "NKY"), the Swiss Market Index<sup>®</sup> (Bloomberg symbol: "SMI") and the S&P<sup>®</sup>/ASX 200 Index (Bloomberg symbol: "AS51") (each, a "Basket Component"). The S&P 500<sup>®</sup> Index will be given an initial weight of 45.00%, the Russell 2000<sup>®</sup> Index will be given an initial weight of 15.00%, the EURO STOXX 50<sup>®</sup> Index will be given an initial weight of 12.00%, the S&P MidCap 400<sup>®</sup> Index will be given an initial weight of 10.00%, each of the FTSE<sup>®</sup> 100 Index and the Nikkei Stock Average Index will be given an initial weight of 7.00%, and each of the Swiss Market Index<sup>®</sup> and the S&P<sup>®</sup>/ASX 200 Index will be given an initial weight of 2.00% |
| &nbsp;&nbsp;&nbsp;**Payout Profile at Maturity** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 1.5-to-1 upside exposure to increases in the Market Measure, subject to the Capped Value<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of your investment at risk |
| &nbsp;&nbsp;&nbsp;**Capped Value** | &nbsp;&nbsp;&nbsp;[$14.40 to $15.40] per unit, a [44.00% to 54.00%] return over the principal amount, to be determined on the pricing date. |
| &nbsp;&nbsp;&nbsp;**Participation Rate** | &nbsp;&nbsp;&nbsp;150.00% |
| &nbsp;&nbsp;&nbsp;**Threshold Value** | &nbsp;&nbsp;&nbsp;100% of the Starting Value |
| &nbsp;&nbsp;&nbsp;**Investment Considerations** | &nbsp;&nbsp;&nbsp;This investment is designed for investors who anticipate that the Market Measure will increase moderately over the term of the notes, and are willing to accept a capped return, take full downside risk and forgo interim interest payments. |
| &nbsp;&nbsp;&nbsp;**Preliminary Offering Documents** | &nbsp;&nbsp;&nbsp;[https://www.sec.gov/Archives/edgar/data/1045520/000110465925125302/tm2532404d69_fwp.htm](https://www.sec.gov/Archives/edgar/data/1045520/000110465925125302/tm2532404d69_fwp.htm) |
| &nbsp;&nbsp;&nbsp;**Exchange Listing** | &nbsp;&nbsp;&nbsp;No |

---

***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.***

**<u>Risk Factors</u>**

Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;· Depending
 on the performance of the Market Measure as measured shortly before the maturity date, you
 may lose up to 100% of the principal amount.

&nbsp;&nbsp;&nbsp;&nbsp;· Your
 investment return is limited to the return represented by the Capped Value may be less than
 a comparable investment directly in the stocks included in a Basket Component.

&nbsp;&nbsp;&nbsp;&nbsp;· Changes
 in the level of one of the Basket Components may be offset by changes in the levels of the
 other Basket Components.

&nbsp;&nbsp;&nbsp;&nbsp;· 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.

&nbsp;&nbsp;&nbsp;&nbsp;· The
 initial estimated value of the notes on the pricing date will be less than their public offering
 price.

&nbsp;&nbsp;&nbsp;&nbsp;· 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.

&nbsp;&nbsp;&nbsp;&nbsp;· As
 a noteholder, you will have no rights of a holder of the securities represented by the Basket
 Components, and you will not be entitled to receive securities, dividends or other distributions
 by the issuers of those securities.

&nbsp;&nbsp;&nbsp;&nbsp;· Your
 return on the notes may be affected by factors affecting the international securities markets,
 specifically markets in the countries represented by the Basket Components. In addition,
 you will not obtain the benefit of any increase in the value of the currencies in which the
 securities included in the Basket Components trade against the U.S. dollar, which you would
 have received if you had owned the securities included in the Basket Components during the
 term of your notes, although the value of the Market Measure may be adversely affected by
 general exchange rate movements in the market.

&nbsp;&nbsp;&nbsp;&nbsp;· The
 notes are subject to risks associated with small- or mid-size capitalization companies.

***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.***

![](tm2532404d70_fwpimg001.jpg)

*The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and the table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.*

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Hypothetical <br> Percentage Change<br> from the Starting Value <br> to the Ending Value** | &nbsp;&nbsp;**Hypothetical<br> Redemption Amount <br> per Unit** | &nbsp;&nbsp;**Hypothetical Total Rate of <br> Return on the Notes** |
| &nbsp;&nbsp;-100.00% | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;-100.00% |
| &nbsp;&nbsp;-50.00% | &nbsp;&nbsp;$5.00 | &nbsp;&nbsp;-50.00% |
| &nbsp;&nbsp;-40.00% | &nbsp;&nbsp;$6.00 | &nbsp;&nbsp;-40.00% |
| &nbsp;&nbsp;-30.00% | &nbsp;&nbsp;$7.00 | &nbsp;&nbsp;-30.00% |
| &nbsp;&nbsp;-20.00% | &nbsp;&nbsp;$8.00 | &nbsp;&nbsp;-20.00% |
| &nbsp;&nbsp;-10.00% | &nbsp;&nbsp;$9.00 | &nbsp;&nbsp;-10.00% |
| &nbsp;&nbsp; 0.00%<sup>(1)</sup> | &nbsp;&nbsp;$10.00 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;2.00% | &nbsp;&nbsp;$10.30 | &nbsp;&nbsp;3.00% |
| &nbsp;&nbsp;5.00% | &nbsp;&nbsp;$10.75 | &nbsp;&nbsp;7.50% |
| &nbsp;&nbsp;10.00% | &nbsp;&nbsp;$11.50 | &nbsp;&nbsp;15.00% |
| &nbsp;&nbsp;20.00% | &nbsp;&nbsp;$13.00 | &nbsp;&nbsp;30.00% |
| &nbsp;&nbsp;30.00% | &nbsp;&nbsp;$14.50 | &nbsp;&nbsp;45.00% |
| &nbsp;&nbsp;32.67% | &nbsp;&nbsp; $14.90<sup>(2)</sup> | &nbsp;&nbsp;49.00% |
| &nbsp;&nbsp;40.00% | &nbsp;&nbsp;$14.90 | &nbsp;&nbsp;49.00% |
| &nbsp;&nbsp;50.00% | &nbsp;&nbsp;$14.90 | &nbsp;&nbsp;49.00% |
| &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$14.90 | &nbsp;&nbsp;49.00% |

---

(1) This hypothetical percentage change corresponds to the Threshold Value.

(2) The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value.

**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&S or BofAS will arrange to send you these documents if you so request by calling toll-free at 1-800-294-1322.**