# EDGAR Filing Document

**Accession Number:** 0001045520
**File Stem:** 0001213900-25-083642
**Filing Date:** 2025-9
**Character Count:** 22908
**Document Hash:** 7fc80a14ff407998edcabe05ea34ca58
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-083642.hdr.sgml**: 20250903

**ACCESSION NUMBER**: 0001213900-25-083642

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250903

**DATE AS OF CHANGE**: 20250902

**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:** 333-282307
- **FILM NUMBER:** 251287461

**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**

**Registration Statement No. 333-282307**

**(To Prospectus dated October 2, 2024 and**

**Preliminary Prospectus Supplement dated**

**September 2, 2025)**

 

*A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the U.S. Securities and Exchange Commission. A copy of the final base shelf prospectus, any amendment to the final base shelf prospectus and any applicable shelf prospectus supplement that has been filed, is required to be delivered with this document where required by applicable law.*

 

*This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the final base shelf prospectus, any amendment and any applicable shelf prospectus supplement for disclosure of those facts, especially risk factors and tax consequences relating to the securities offered, before making an investment decision. **Investing in the Notes involves risks. See the "Risk Factors" sections of the Prospectus Supplement and the accompanying Prospectus.***

 ****

**CANADIAN IMPERIAL BANK OF COMMERCE**

**US$650,000,000 Floating Rate Senior Notes due 2028 (**the **"Floating Rate Notes")<br> US$850,000,000 4.243% Fixed-to-Floating Rate Senior Notes due 2028 (**the **"2028 Fixed-to-Floating Rate Notes")<br> US$1,000,000,000 4.580% Fixed-to-Floating Rate Senior Notes due 2031 (**the **"2031 Fixed-to-Floating Rate Notes")**

(together, the "**Notes**")

***Pricing Term Sheet***

 ****

**September 2, 2025**

---

| | |
|:---|:---|
| **Issuer:** | Canadian Imperial Bank of Commerce (the "**Bank**") |
| **Pricing Date:** | September 2, 2025 |
| **Settlement Date\*\*:** | September 8, 2025 (T+4) |
| **Joint Book-Running Managers:** | CIBC World Markets Corp. <br> BofA Securities, Inc. <br> Citigroup Global Markets Inc. <br> BNP Paribas Securities Corp.<br> Goldman Sachs & Co. LLC <br> UBS Securities LLC |
| **Co-Managers:** | Loop Capital Markets LLC<br> Academy Securities, Inc.<br> Barclays Capital Inc.<br> Deutsche Bank Securities Inc.<br> Mizuho Securities USA LLC<br> MUFG Securities Americas Inc.<br> Nomura Securities International, Inc.<br>|
| **Bail-inable Notes:** | The Notes are bail-inable notes and subject to conversion in whole or in part—by means of a transaction or series of transactions and in one or more steps—into common shares of the Bank or any of its affiliates under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act (the "**CDIC Act**") and to variation or extinguishment in consequence, and subject to the application of the laws of the Province of Ontario and the federal laws of Canada applicable therein in respect of the operation of the CDIC Act with respect to the Notes. For a description of the Canadian bank resolution powers and related risk factors attaching to investment in the Notes, see information under the headings "*Description of the Notes—Special Provisions Related to Bail-in Regime*" and "*Risk Factors*" in the prospectus supplement relating to the Notes (the "Prospectus Supplement") |
| **Use of Proceeds:** | The net proceeds from the sale of the Notes will be added to the Bank's funds and will be used for general corporate purposes |

---

**<u>US$650,000,000 Floating Rate Senior Notes due 2028</u>**

**<u> </u>**

---

| | |
|:---|:---|
| **Aggregate Principal Amount Offered:** | US$650,000,000 |
| **Maturity Date:** | September 8, 2028 |
| **Price to the Public:** | 100.000% of the principal amount plus accrued interest, if any, from September 8, 2025 |
| **Interest Rate:** | The interest rate on the Floating Rate Notes for each interest period will be equal to Compounded SOFR plus the applicable margin |
| **Compounded SOFR:** | A compounded average of daily Secured Overnight Financing Rate determined by reference to the SOFR Index (as defined in the Prospectus Supplement) for each quarterly interest period in accordance with the specific formula described under "*Description of the Notes—Interest—Secured Overnight Financing Rate and the SOFR Index*" in the Prospectus Supplement |
| **Margin:** | +80 basis points |
| **Floating Rate Interest Payment Dates:** | March 8, June 8, September 8 and December 8 of each year beginning on December 8, 2025, and ending on maturity (or, if the Floating Rate Notes are redeemed earlier, the redemption date) |
| **Interest Period:** | The period from, and including, any Floating Rate Interest Payment Date (or, with respect to the initial interest period only, from, and including, September 8, 2025) to, but excluding, the next succeeding Floating Rate Interest Payment Date, and in the case of the last such period, from, and including, the Floating Rate Interest Payment Date immediately preceding the maturity date to, but excluding, the maturity date of the Floating Rate Notes |
| **Floating Rate Interest Payment Determination Dates:** | The date two U.S. Government Securities Business Days before each Floating Rate Interest Payment Date |

---

---

| | |
|:---|:---|
| **U.S. Government Securities Business Day:** | Any day except for a Saturday, a Sunday or a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities |
| **Calculation Agent:** | The Bank of New York Mellon |
| **Optional Redemption:** | The Bank, at its option, may redeem the Floating Rate Notes (a) in whole, but not in part, on September 8, 2027 (one year prior to the maturity date of the Floating Rate Notes), or (b) in whole at any time or in part from time to time, on or after August 8, 2028 (one month prior to the maturity date of the Floating Rate Notes), in each case, on at least 5 days' but not more than 60 days' prior notice, at a redemption price equal to 100% of the principal amount of the Floating Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date |
| **Tax Redemption:** | The Bank may redeem the Floating Rate Notes at its option in whole but not in part, upon the occurrence of certain events pertaining to Canadian taxation. This redemption would be at 100% of the principal amount, together with accrued and unpaid interest on the Floating Rate Notes to, but excluding, the redemption date |
| **CUSIP/ISIN:** | 13607Q FC1 / US 13607QFC15 |

---

**<u>US$850,000,000 4.243% Fixed-to-Floating Rate Senior Notes due 2028</u>**

---

| | |
|:---|:---|
| **Aggregate Principal Amount Offered:** | US$850,000,000 |
| **Maturity Date:** | September 8, 2028 |
| **Interest Reset Date:** | September 8, 2027 |
| **Fixed Rate Period:** | The period from, and including, September 8, 2025 to, but excluding, the Interest Reset Date |
| **Floating Rate Period:** | The period from, and including, the Interest Reset Date to, but excluding, the maturity date |
| **Interest Rate:** | (i) During the Fixed Rate Period, the 2028 Fixed-to-Floating Rate Notes will bear interest at a rate equal to 4.243% per annum, and (ii) during the Floating Rate Period, the 2028 Fixed-to-Floating Rate Notes will bear interest at a rate equal to Compounded SOFR plus the margin |
| **Compounded SOFR:** | A compounded average of daily SOFR determined by reference to the SOFR Index for each quarterly interest period in accordance with the specific formula described under "*Description of the Notes—Interest—Secured Overnight Financing Rate and the SOFR Index*" in the Prospectus Supplement |
| **Margin:** | +80 basis points |
| **Interest Payment Dates:** | During the Fixed Rate Period, March 8 and September 8 of each year, beginning on March 8, 2026, and ending on the Interest Reset Date<br>During the Floating Rate Period, on March 8, June 8, September 8 and December 8, beginning on December 8, 2027 and ending on maturity (or, if the 2028 Fixed-to-Floating Rate Notes are redeemed earlier, the redemption date) |
| **Interest Period:** | With respect to the Fixed Rate Period, the period from, and including, any Interest Payment Date (or, with respect to the initial interest period only, from, and including, September 8, 2025) to, but excluding, the next succeeding Interest Payment Date, and in the case of the final such interest period, the Interest Reset Date (or, if the 2028 Fixed-to-Floating Rate Notes are redeemed earlier, the redemption date)<br>With respect to the Floating Rate Period, the period from, and including, any Interest Payment Date (or, with respect to the initial interest period only, from, and including, the Interest Reset Date) to, but excluding, the next succeeding Interest Payment Date, and in the case of the final such interest period, from, and including, the Interest Payment Date immediately preceding the maturity date to, but excluding, such maturity date (or, if the 2028 Fixed-to-Floating Rate Notes are redeemed earlier, the redemption date) |
| **Floating Rate Interest Payment Determination Dates:** | Two U.S. Government Securities Business Days preceding each Floating Rate Period Interest Payment Date (or, in the case of the final interest period, the maturity date or, if we elect to redeem in whole or in part the 2028 Fixed-to-Floating Rate Notes, the redemption date) |
| **Benchmark Treasury:** | UST 3.625% due August 31, 2027 |
| **Benchmark Treasury Price/Yield:** | 99-30 <sup>7</sup>/<sub>8</sub> / 3.643% |
| **Spread to Benchmark Treasury:** | +60 basis points |
| **Yield to Interest Reset Date:** | 4.243% |
| **Price to the Public:** | 100.000% of the principal amount plus accrued interest, if any, from September 8, 2025 |
| **Day Count Convention:** | 30/360 for the Fixed Rate Period and Actual/360 for the Floating Rate Period |

---

---

| | |
|:---|:---|
| **U.S. Government Securities Business Day:** | Any day except for a Saturday, a Sunday or a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities |
| **Calculation Agent:** | The Bank of New York Mellon |
| **Optional Redemption:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At any time after the date that is 180 days after the issue date of the 2028 Fixed-to-Floating Rate Notes (or, if additional notes are issued, after the date that is 180 days after the issue date of such additional notes) and prior to the Interest Reset Date (one year prior to the maturity date of the 2028 Fixed-to-Floating Rate Notes), the Bank may redeem the 2028 Fixed-to-Floating Rate Notes, in whole at any time or in part from time to time, at the Bank's option, on at least 5 days' but not more than 60 days' prior notice, at a redemption price equal to the greater of:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 100% of the principal amount of the 2028 Fixed-to-Floating Rate Notes to be redeemed; and<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) (a) the sum of the present values of the remaining scheduled payments of principal and interest on the 2028 Fixed-to-Floating Rate Notes to be redeemed discounted to the redemption date (assuming the 2028 Fixed-to-Floating Rate Notes to be redeemed matured on the Interest Reset Date), on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate (as defined in the Prospectus Supplement) plus 10 basis points, less (b) interest accrued to, but excluding, the redemption date;<br>plus, in either case, accrued and unpaid interest on the principal amount of the 2028 Fixed-to-Floating Rate Notes to be redeemed to, but excluding, the redemption date<br> In addition, the Bank, at its option, may redeem the 2028 Fixed-to-Floating Rate Notes (a) in whole, but not in part, on the Interest Reset Date, or (b) in whole at any time or in part from time to time, on or after August 8, 2028 (one month prior to the maturity date of the 2028 Fixed-to-Floating Rate Notes), in each case at a redemption price equal to 100% of the principal amount of the 2028 Fixed-to-Floating Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date |
| **Tax Redemption:** | The Bank may redeem the 2028 Fixed-to-Floating Rate Notes at its option in whole but not in part, upon the occurrence of certain events pertaining to Canadian taxation. This redemption would be at 100% of the principal amount, together with accrued and unpaid interest on the Fixed Rate Notes to, but excluding, the redemption date |
| **CUSIP/ISIN:** | 13607Q FD9 / US 13607QFD97 |

---

**<u>US$1,000,000,000 4.580% Fixed-to-Floating Rate Senior Notes due 2031</u>**

**<u> </u>**

---

| | |
|:---|:---|
| **Aggregate Principal Amount Offered:** | US$1,000,000,000 |
| **Maturity Date:** | September 8, 2031 |
| **Interest Reset Date:** | September 8, 2030 |
| **Fixed Rate Period:** | The period from, and including, September 8, 2025 to, but excluding, the Interest Reset Date |
| **Floating Rate Period:** | The period from, and including, the Interest Reset Date to, but excluding, the maturity date |
| **Interest Rate:** | (i) During the Fixed Rate Period, the 2031 Fixed-to-Floating Rate Notes will bear interest at a rate equal to 4.580% per annum, and (ii) during the Floating Rate Period, the 2031 Fixed-to-Floating Rate Notes will bear interest at a rate equal to Compounded SOFR plus the margin |
| **Compounded SOFR:** | A compounded average of daily SOFR determined by reference to the SOFR Index for each quarterly interest period in accordance with the specific formula described under "*Description of the Notes—Interest—Secured Overnight Financing Rate and the SOFR Index*" in the Prospectus Supplement |
| **Margin:** | +117 basis points |
| **Interest Payment Dates:** | During the Fixed Rate Period, March 8 and September 8 of each year, beginning on March 8, 2026, and ending on the Interest Reset Date<br>During the Floating Rate Period, on March 8, June 8, September 8 and December 8, beginning on December 8, 2030 and ending on maturity (or, if the 2031 Fixed-to-Floating Rate Notes are redeemed earlier, the redemption date) |
| **Interest Period:** | With respect to the Fixed Rate Period, the period from, and including, any Interest Payment Date (or, with respect to the initial interest period only, from, and including, September 8, 2025) to, but excluding, the next succeeding Interest Payment Date, and in the case of the final such interest period, the Interest Reset Date (or, if the 2031 Fixed-to-Floating Rate Notes are redeemed earlier, the redemption date)<br>With respect to the Floating Rate Period, the period from, and including, any Interest Payment Date (or, with respect to the initial interest period only, from, and including, the Interest Reset Date) to, but excluding, the next succeeding Interest Payment Date, and in the case of the final such interest period, from, and including, the Interest Payment Date immediately preceding the maturity date to, but excluding, such maturity date (or, if the 2031 Fixed-to-Floating Rate Notes are redeemed earlier, the redemption date) |
| **Floating Rate Interest Payment Determination Dates:** | Two U.S. Government Securities Business Days preceding each Floating Rate Period Interest Payment Date (or, in the case of the final interest period, the maturity date or, if we elect to redeem in whole or in part the 2031 Fixed-to-Floating Rate Notes, the redemption date) |
| **Benchmark Treasury:** | UST 3.625% due August 31, 2030 |
| **Benchmark Treasury Price/Yield:** | 99-16 ¾ / 3.730% |
| **Spread to Benchmark Treasury:** | +85 basis points |
| **Yield to Interest Reset Date:** | 4.580% |
| **Price to the Public:** | 100.000% of the principal amount plus accrued interest, if any, from September 8, 2025 |
| **Day Count Convention:** | 30/360 for the Fixed Rate Period and Actual/360 for the Floating Rate Period |

---

---

| | |
|:---|:---|
| **U.S. Government Securities Business Day:** | Any day except for a Saturday, a Sunday or a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities |
| **Calculation Agent:** | The Bank of New York Mellon |
| **Optional Redemption:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At any time after the date that is 180 days after the issue date of the 2031 Fixed-to-Floating Rate Notes (or, if additional notes are issued, after the date that is 180 days after the issue date of such additional notes) and prior to the Interest Reset Date (one year prior to the maturity date of the 2031 Fixed-to-Floating Rate Notes), the Bank may redeem the 2031 Fixed-to-Floating Rate Notes, in whole at any time or in part from time to time, at the Bank's option, on at least 5 days' but not more than 60 days' prior notice, at a redemption price equal to the greater of:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 100% of the principal amount of the 2031 Fixed-to-Floating Rate Notes to be redeemed; and<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) (a) the sum of the present values of the remaining scheduled payments of principal and interest on the 2031 Fixed-to-Floating Rate Notes to be redeemed discounted to the redemption date (assuming the 2031 Fixed-to-Floating Rate Notes to be redeemed matured on the Interest Reset Date), on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 15 basis points, less (b) interest accrued to, but excluding, the redemption date;<br>plus, in either case, accrued and unpaid interest on the principal amount of the 2031 Fixed-to-Floating Rate Notes to be redeemed to, but excluding, the redemption date<br>In addition, the Bank, at its option, may redeem the 2031 Fixed-to-Floating Rate Notes (a) in whole, but not in part, on the Interest Reset Date, or (b) in whole at any time or in part from time to time, on or after August 8, 2031 (one month prior to the maturity date of the 2031 Fixed-to-Floating Rate Notes), in each case at a redemption price equal to 100% of the principal amount of the 2031 Fixed-to-Floating Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date |
| **Tax Redemption:** | The Bank may redeem the 2031 Fixed-to-Floating Rate Notes at its option in whole but not in part, upon the occurrence of certain events pertaining to Canadian taxation. This redemption would be at 100% of the principal amount, together with accrued and unpaid interest on the Fixed Rate Notes to, but excluding, the redemption date |
| **CUSIP/ISIN:** | 13607Q FE7 / US 13607QFE70 |

---

The Bank has filed a shelf registration statement on Form F-3 (File No. 333-282307) (including a base prospectus) and a preliminary prospectus supplement dated September 2, 2025 (including the base prospectus, the "**Prospectus**") with the U.S. Securities and Exchange Commission (the "**SEC**") for the offering to which this communication relates. Before you invest, you should read the Prospectus and the documents incorporated therein by reference that the Bank has filed with the SEC for more complete information about the Bank and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Bank or any underwriter participating in the offering will arrange to send you the Prospectus and any document incorporated therein by reference if you request such documents by calling CIBC World Markets Corp. toll-free at (800) 282-0822; BNP Paribas Securities Corp. toll-free at (800) 854-5674; BofA Securities, Inc. toll-free at (800) 294-1322; Citigroup Global Markets Inc. toll-free at (800) 831-9146; Goldman Sachs & Co. LLC toll-free at (866) 471-2526; or UBS Securities LLC toll-free at (833) 481-0269.

\*\*We expect that delivery of the Notes will be made against payment therefor on or about September 8, 2025, which is four business days following the date of pricing of the Notes (this settlement cycle being referred to as "T+4"). Under Rule 15c6-1 of the U.S. Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Notes on any date prior to the business day before delivery will be required, by virtue of the fact that the Notes initially will settle in T+4, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Notes who wish to trade their Notes on any date prior to one business day before delivery should consult their own advisor.

**Any legends, disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such legends, disclaimer or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another email system.**