Canadian Imperial Bank of Commerce : Amendment to the terms and conditions - CANADIAN IMPERIAL BANK OF COMMERCE

Published: 2025-06-12 09:54:15 ET CM.TO

Published on 06/12/2025 at 09:54

NOTIFICATION OF CHANGE OF DATES FINAL TERMS DATED 1 April 2025 (XS3038661750)

12 June 2025

Issue of EUR 30,000,000 Autocallable Equity Linked Notes due April 2030 ISIN: XS3038661750 (the "Notes")

We refer to the issue of the Notes, described in more detail in the Pricing Supplement dated 1 April 2025 and signed by CIBC (the "Pricing Supplement"), which were issued on 4 April 2025 (the "Issue Date").

In the Pricing Supplement, under Issue Specific Summary, under 3.1.2, the Currency of the Notes is adjusted from United States Dollars to Euros.

Further, under Part 25 in the Interest Payment Table; under Part 35 in the Early Redemption Table, and within the Issue Specific Summary, the respective Coupon Valuation Dates, Early Redemption Valuation Date, Coupon Payment Dates and Early Redemption Payment Dates have been adjusted as follows:-

28 September 2026 -> 29 September 2026

29 March 2027 -> 30 March 2027

6 April 2026 -> 8 April 2026

5 April 2027 -> 6 April 2027

6 July 2027 -> 5 July 2027

6 July 2028 -> 5 July 2028

4 April 2029 -> 6 April 2029

6 July 2029 -> 5 July 2029

All other terms and conditions as stated in the Pricing Supplement remain unchanged.

Capitalized terms used but not defined herein shall have the same meaning ascribed thereto in the Pricing Supplement.

Yours faithfully,

François-Xavier Desplanches Head of Structured Note Sales

On behalf of

Canadian Imperial Bank of Commerce

INVESTING IN THE NOTES PUTS YOUR CAPITAL AT RISK. YOU MAY LOSE SOME OR ALL OF YOUR INVESTMENT.

all channels for distribution to eligible counterparties and professional clients are appropriate; and

the following channels for distribution of the Notes to retail clients are appropriate - investment advice and portfolio management, subject to the distributor's suitability and appropriateness obligations under COBS, as applicable. Any person subsequently offering, selling or recommending the Notes (a "UK distributor") should take into consideration the manufacturer's target market assessment; however, a UK distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution channels, subject to the UK distributor's suitability and appropriateness obligations under COBS, as applicable.

Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions (the "Conditions") set forth in the Prospectus dated 10 May 2024 and the supplements to the Prospectus dated 31 May 2024, 30 August 2024, 6 December 2024 and 28 February 2025 which together constitutes a base prospectus (the "Prospectus") for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation"). This document constitutes the Final Terms of the Notes described herein for the purposes of the Prospectus Regulation and must be read in conjunction with

such Prospectus as so supplemented. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of this Final Terms and the Prospectus as so supplemented. The Prospectus and the supplements to the Prospectus are available for viewing during normal business hours at and copies may be obtained from the registered office of the Issuer at 81 Bay Street, CIBC Square, Toronto, Ontario, Canada M5J 0E7, and at the office of Fiscal Agent, Deutsche Bank AG, London Branch at 21 Moorfields, London EC2Y 9DB and may also be viewed on the website of the Luxembourg Stock Exchange at https://www.luxse.com under the name of the Issuer and copies may be obtained from CIBC Capital Markets (Europe) S.A. at 2C, rue Albert Borschette, L-1246 Luxembourg, Grand Duchy of Luxembourg. A summary of the Notes is annexed to these Final Terms.

(i) Series Number: SPEU 6345

Tranche Number: 1

Date on which the Notes will be consolidated and form a single Series:

Not Applicable

Specified Currency or Currencies: Euros ("EUR")

Aggregate Nominal Amount of Notes: EUR 30,000,000

Issue Price: 100 per cent. of the Aggregate Nominal Amount

Belgian Securities Annex: Not Applicable

Protected Principal Amount: Not Applicable

(i) Specified Denominations: EUR 1,000

Calculation Amount: EUR 1,000

Trade Date: 26 March 2025

Strike Date/Pricing Date: 28 March 2025

(i) Issue Date: 4 April 2025

Interest Commencement Date: Issue Date. See paragraph 24 below.

CNY Issue Trade Date: Not Applicable

Maturity Date: 4 April 2030

(i) Business Centre: Not Applicable

Business Day Convention: Following Business Day Convention, where Business

Day means a TARGET Business Day

Interest Basis: Equity Linked Interest

(further particulars specified at paragraph 24 below)

(i) Redemption/Payment Basis: Equity Linked Redemption

(further particulars specified at paragraph 40 below)

Capital Protection: Not Applicable

Change of Interest or Redemption/Payment Basis:

Not Applicable

Put/Call Options: Not Applicable

Date Board approval for issuance of Notes obtained:

Not Applicable

Bail-inable Notes: No

Fixed Rate Notes: Not Applicable

Floating Rate Note Provisions: Not Applicable

Range Accrual Note Provisions: Not Applicable

Range Notes: Not Applicable

Reverse Floating Rate Coupon Notes:

Not Applicable

Steepener Coupon Notes: Not Applicable

Reference Item Linked Interest provisions - Annex 1:

Applicable

Reference Item Each Equity as specified below in paragraph 40

Contingent Coupon (Condition 1(a))

Not Applicable

Specified Interest Amount: Calculation Amount x (6.50 per cent. x t)

(subject to Coupon Barrier Event as set out in paragraph 24(xxi) below)

Where:

"t" means a number (from 4 to 20) representing the chronological order of the Valuation Period ending on the relevant Coupon Valuation Date as set out in the second column of the Interest Payment Table below

"Valuation Period" means the period beginning on (and including) the Trade Date and ending on (but excluding) the first Coupon Valuation Date and each successive period beginning on (and including) a Coupon Valuation Date to (but excluding) the next successive Coupon Valuation Date up to the Final Valuation Date (as defined in the Interest Payment Table)

- Coupon Averaging: Not Applicable

Memory Coupon (Condition 1(b))

Factor Coupon (Single Reference Item) (Condition 1(c))

Factor Coupon (Basket of Reference Items) (Condition 1(d))

Lock-in Coupon (Condition 1(e))

Performance Coupon 1 (Condition 1(f))

Performance Coupon 2 (Condition 1(g))

Range Accrual Coupon (Single Reference Item) (Condition 1(h))

Range Accrual Coupon (Worst of) (Condition 1(i))

Range Accrual Coupon (Basket of Reference Items) (Condition 1(j))

Enhanced Coupon (Condition 1(k))

Memory Enhanced Coupon (Condition 1(l))

Contingent Floating Rate Coupon (Condition 1(m))

Memory Contingent Floating Rate Coupon (Condition 1(n))

Double Memory Coupon (Condition 1(o))

Not Applicable Not Applicable

Not Applicable

Not Applicable Not Applicable Not Applicable Not Applicable

Not Applicable Not Applicable

Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable

Coupon Valuation Dates: Each date set forth in the Interest Payment Table in the

column entitled "Coupon Valuation Dates"

Averaging Dates: Not Applicable

Coupon Observation Dates: Not Applicable

Interest Payment Dates: Each date set forth in the Interest Payment Table in the

column entitled "Interest Payment Dates"

Coupon Barrier Event: Applicable

Coupon Observation Period Closing:

Coupon Observation Period Intra-Day:

Coupon Valuation Date Closing:

Not Applicable Not Applicable

Applicable: (a) any Reference Item and (b) less than the Coupon Barrier Level

Relevant Performance: Not Applicable

Value (t): Not Applicable

Coupon Barrier Level: As set forth in the Interest Payment Table in the column

entitled "Coupon Barrier Level" corresponding to the relevant Coupon Valuation Date

Coupon Observation Period: Not Applicable

Specified Observation Date (Intra-Day Valuation):

Provisions for determining Interest Amount where calculation by reference to Equity and/or Index and/or Commodity and/or Commodity Index and/or FX Rate and/or Fund is impossible or impracticable or otherwise disrupted:

Not Applicable

Condition 8 is applicable. See paragraph 40 below

INTEREST PAYMENT TABLE:

Coupon Valuation Dates

Interest Payment Dates

Coupon Barrier Level

30 June 2025

7 July 2025

Not Applicable

29 September 2025

6 October 2025

Not Applicable

29 December 2025

6 January 2026

Not Applicable

30 March 2026

8 April 2026

100% x Initial Price

29 June 2026

6 July 2026

100% x Initial Price

29 September 2026

5 October 2026

100% x Initial Price

28 December 2026

5 January 2027

100% x Initial Price

30 March 2027

6 April 2027

100% x Initial Price

28 June 2027

5 July 2027

100% x Initial Price

28 September 2027

5 October 2027

100% x Initial Price

28 December 2027

4 January 2028

100% x Initial Price

28 March 2028

4 April 2028

100% x Initial Price

28 June 2028

5 July 2028

100% x Initial Price

28 September 2028

5 October 2028

100% x Initial Price

28 December 2028

5 January 2029

100% x Initial Price

28 March 2029

6 April 2029

100% x Initial Price

28 June 2029

5 July 2029

100% x Initial Price

28 September 2029

5 October 2029

100% x Initial Price

28 December 2029

7 January 2030

100% x Initial Price

28 March 2030 (the "Final Valuation Date")

Maturity Date (for the avoidance of doubt, subject to postponement as set out in paragraph 11 above)

70% x Initial Price

Additional Interest Provisions: Not Applicable

Zero Coupon Note Provisions: Not Applicable

Call Option: Not Applicable

Put Option: Not Applicable

Bail-inable Notes - TLAC Disqualification Event Call Option:

Early Redemption Amount: Early Redemption Amount(s) of each Note: payable on redemption for taxation reasons or on event of default or illegality or other early redemption in accordance with the Conditions (other than, for the avoidance of doubt, where paragraph 40 applies):

Not Applicable

Market Value less Associated Costs per Calculation Amount: With respect to each Calculation Amount, such amount(s) determined by the Calculation Agent which shall represent the fair market value of such Calculation Amount on the date of redemption, including accrued interest (if any), adjusted to account fully for any losses, expenses and costs to the Issuer (or any of its Affiliates) of unwinding any underlying or related hedging and funding arrangements, all as determined by the Calculation Agent in its sole and absolute discretion. For the purposes hereof:

the references to ", together with interest accrued, if any, to (but excluding) the date fixed for redemption" shall be deemed to be deleted from each of Condition 5(c),

Condition 5(d) and Condition 5(e); and

the references to "together with accrued interest to the date of payment" shall be deemed to be deleted from Condition 18

Early Redemption Amount(s) of each Note for which the Belgian Securities Annex applies: payable on event of default

Early Redemption Amount (Reference Item Linked Notes -Annex 1)

Early Redemption Reference Item(s):

Not Applicable.

Applicable

Each Equity as specified below in paragraph 40

Early Redemption Event 1: Applicable

Early Redemption Barrier: As set forth in the Early Redemption Table in the column

entitled "Early Redemption Barrier" corresponding to the relevant Early Redemption Valuation Date

ER Averaging: Not Applicable

Early Redemption Event 2: Not Applicable

Early Redemption Event 3: Not Applicable

Early Redemption Valuation Date:

Each date set forth in the Early Redemption Table in the column entitled "Early Redemption Valuation Dates"

Averaging Dates: Not Applicable

Early Redemption Date: Each date set forth in the Early Redemption Table in the

column entitled "Early Redemption Dates"

Daily Observation Early Redemption Not Applicable

Automatic Redemption (Autocall) (Annex 1, Condition 2(a))

Not Applicable

EARLY REDEMPTION TABLE:

Early Redemption Valuation Dates

Early Redemption Dates

Early Redemption Barrier

30 June 2025

Not Applicable

29 September 2025

Not Applicable

29 December 2025

Not Applicable

30 March 2026

8 April 2026

100% x Initial Price

29 June 2026

6 July 2026

100% x Initial Price

29 September 2026

5 October 2026

100% x Initial Price

28 December 2026

5 January 2027

100% x Initial Price

30 March 2027

6 April 2027

100% x Initial Price

28 June 2027

5 July 2027

100% x Initial Price

28 September 2027

5 October 2027

100% x Initial Price

28 December 2027

4 January 2028

100% x Initial Price

28 March 2028

4 April 2028

100% x Initial Price

28 June 2028

5 July 2028

100% x Initial Price

28 September 2028

5 October 2028

100% x Initial Price

28 December 2028

5 January 2029

100% x Initial Price

28 March 2029

6 April 2029

100% x Initial Price

28 June 2029

5 July 2029

100% x Initial Price

28 September 2029

5 October 2029

100% x Initial Price

28 December 2029

7 January 2030

100% x Initial Price

Fast Autocall Early Redemption (Annex 1, Condition 2(b)):

Final Redemption Amount -Reference Item Linked Redemption provisions (Annex 1, Condition 3)

Not Applicable Applicable

Reference Item(s): Each Equity as specified below in paragraph 40

Provisions for determining Redemption Amount where calculation by reference to Share and/or Index and/or Commodity/Commodity Index and/or Fund and/or Bond and/or other Reference Item is impossible or impracticable or otherwise disrupted:

Condition 8 is applicable. See paragraph 40

Settlement Method Cash Settlement

Redemption Condition (Annex 1, Condition 3)

Redemption Amount 3 Cash Settlement (Condition 3(v)) applies

Calculation Amount (CA): As specified in paragraph 7(ii) above.

Averaging: Not Applicable

Initial Value: As set forth in the Reference Item Table in the column entitled "Initial Price/Initial Value/Put Strike" corresponding to the Reference Item

Final Value: Close observation is applicable

Redemption Barrier: Not Applicable

Cap: Not Applicable

Upper Cap: Not Applicable

Lower Cap: Not Applicable

Floor: Not Applicable

Barrier Event: Applicable, for the purposes of the definition of "Barrier

Event" in Condition 3 of Annex 1, less than Barrier Event Strike is applicable

Barrier Observation Period Closing:

Not Applicable

Barrier Observation Period Intra-Day:

Not Applicable

Barrier Reference Date Closing:

Applicable

Barrier Reference Date: 28 March 2030

Barrier Event Strike: As set forth in the Reference Item Table in the column entitled

"Barrier Event Strike" corresponding to the Reference Item

Barrier Observation Period: Not Applicable

Observation Date (Closing Valuation):

Not Applicable

Observation Date (Intra-Day Valuation):

Not Applicable

Linear Feature Not Applicable

PF1: Not Applicable

Strike Price: Not Applicable

Participation: Not Applicable

Final Relevant Performance (FRP):

Not Applicable

Knock-In Event: Not Applicable

Knock-In Observation Period: Not Applicable

Knock-In Performance Event: Not Applicable

Knock-In Performance Observation Period:

Not Applicable

Barrier Performance Event: Not Applicable

Barrier Performance Observation Period:

Not Applicable

Observation Date (Closing Valuation):

Not Applicable

Observation Date (Intra-Day Valuation):

Not Applicable

Call Strike: Not Applicable

Put Strike As set forth in the Reference Item Table in the column entitled "Initial Price/Initial Value/Put Strike" corresponding to the Reference Item

Put Strike Multiplier Not Applicable

Parity Multiplier Not Applicable

Rebate Not Applicable

Deliverable Reference Item Not Applicable

Worst (Best) Reference Item: Applicable: Worst of is Applicable

Gearing: Not Applicable

Kick In/Out Event: Not Applicable

(xl) Kick In/Out Event (Worst of/Best of)

Not Applicable

(xli) Parity Rounded: Not Applicable

(xlii) Equity FX Conversion Not Applicable

(xliii) Lock-in Event: Not Applicable (xliv) Lock-in Valuation Date: Not Applicable (xlv) Lock-in Level: Not Applicable

(xlvi) Strike Price/Worst (Best) Strike Price/Basket Strike Price:

Not Applicable

(xlvii) Initial Basket Level: Not Applicable PROVISIONS RELATING TO THE TYPE OF NOTES REFERENCE ITEM TABLE:

Reference Item (Related Exchange)

Bloomberg / ISIN

Reference Currency

Initial Price / Initial Value / Put Strike

Barrier Event Strike

Novo Nordisk AS-B

(Copenhagen)

NOVOB DC

Equity

DKK

DKK 474.0500

DKK 331.8350

ASM

International NV (Amsterdam)

ASM NA

Equity

EUR

EUR 431.6000

EUR 302.1200

Commodity Linked Notes: Not Applicable

Index Linked Notes: Not Applicable

Equity Linked Notes: Applicable

Whether the Notes relate to a basket of equity securities or a single equity security or depositary receipts, and the identity of the relevant issuer(s) of the Underlying Equity/Equities):

Basket of Underlying Equities as set forth in the Reference Item Table above

Bloomberg Code: As specified in the Reference Item Table above

Calculation Agent responsible for making calculations pursuant to Condition 8:

Canadian Imperial Bank of Commerce (Toronto)

Exchange: Euronext Amsterdam ("Amsterdam"), Nasdaq Copenhagen ("Copenhagen")

Related Exchange(s): All Exchanges

Potential Adjustment Events: Applicable

De-listing: Applicable

Merger Event: Applicable

Nationalization: Applicable

Insolvency: Applicable

Tender Offer: Applicable

Redemption Amount: Redemption Amount 3 Cash Settlement (Condition 3(v))

applies

Valuation Dates: As set forth in the second column of the Interest Payment

Table

Valuation Time: Condition 8(e) applies

Initial Price: As set forth in the Reference Item Table in the column entitled "Initial Price/Initial Value/Put Strike" corresponding to each Reference Item

Exchange Rate: Not Applicable

Multiplier for each Underlying Equity comprising the basket (which is subject to adjustment as set out in Condition 8(b)):

Not Applicable

Correction of Equity Prices: Applicable: The Reference Price shall be calculated without

regard to any subsequently published correction)

Correction Cut-Off Date: 2 Business Days prior to the Maturity Date

Additional Disruption Events: The following Additional Disruption Events apply to the

Notes:

Change in Law Hedging Disruption

Increased Cost of Hedging Insolvency Filing

Increased Cost of Stock Borrow Loss of Stock Borrow

Partial Lookthrough Depositary Receipt Provisions:

Not Applicable

Full Lookthrough Depositary Receipt Provisions:

Not Applicable

FX Linked Notes: Not Applicable

Fund Linked Conditions: Not Applicable

Inflation Linked Notes: Not Applicable

Bond Linked Notes: Not Applicable

Physical Delivery Notes: Not Applicable

Form of Notes: Registered Notes

Unrestricted Global Registered Note registered in the name of a nominee for a common depositary for Euroclear and Clearstream, Luxembourg

New Global Note: No

Financial Centre(s) or other special provisions relating to payment dates:

Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):

Not Applicable No

Governing Law and Jurisdiction: English law

Unavailability of Currency: Condition 16(e) is Applicable

Signed on behalf of the Issuer:

By:

Duly authorized

Application is expected to be made by the Issuer (or on its behalf) for the Notes to be admitted to the official list of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange's regulated market with effect from the Issue Date.

Ratings: The Notes to be issued have not been rated.

Information about the past and future performance of the Underlying Equities and their volatility can be obtained from Bloomberg

Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. The Dealer and its affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer in the ordinary course.

Indication of yield: Not Applicable

Reasons for the offer: As specified in the Prospectus

Estimated net proceeds: EUR 30,000,000

Estimated total expenses: EUR 2,050

Not Applicable

ISIN Code: XS3038661750

Common Code: 303866175

Valoren: 112287395

CFI: As set out on the website of the Association of National Numbering Agencies (ANNA) or alternatively sourced from the responsible National Numbering Agency that assigned the ISIN

FISN: As set out on the website of the Association of National Numbering Agencies (ANNA) (https://anna-web.org/) or alternatively sourced from the responsible National Numbering Agency that assigned the ISIN

Any clearing system(s) other than Euroclear Bank SA/NV and Clearstream Banking S.A. and the relevant identification number(s):

Not Applicable

Delivery: Delivery against payment

Calculation Agent: Canadian Imperial Bank of Commerce, Toronto

Paying Agent: Deutsche Bank AG, London Branch

Names and addresses of additional Paying Agent(s) (if any):

Intended to be held in a manner which would allow Eurosystem eligibility:

Not Applicable

No. While the designation is specified as "no" at the date of this Final Terms, should the Eurosystem eligibility criteria be amended in the future such that the Notes are capable of meeting them the Notes may then be deposited with one of the ICSDs as common safekeeper. Note that this does not necessarily mean that the Notes will then be recognized as eligible collateral for Eurosystem monetary policy and intraday credit operations by the Eurosystem at any time during their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met.

Method of Distribution: Non-syndicated

If syndicated, names and addresses of Managers and underwriting commitments:

If non-syndicated, name and address of relevant Dealer:

Stabilizing Manager(s) (if any):

Total commission and concession:

Not Applicable

CIBC Capital Markets (Europe) S.A. 2C, rue Albert Borschette

L-1246 Luxembourg

Grand Duchy of Luxembourg Not Applicable

Not Applicable

Additional Tax Considerations:

Section 871(m) Internal Revenue Code: Not Applicable

US Selling Restrictions: Reg. S Compliance Category 2

Prohibition of Sales to EEA Retail Investors:

Prohibition of Sales to UK Retail Investors:

Prohibition of Sales to Belgian Consumers:

Applicable TEFRA exemption:

Not Applicable Not Applicable Applicable Excluded Issue

Non-exempt Offer: Not Applicable

1. Introduction and warnings

Name and international securities identifier number (ISIN) of the securities: The Notes are EUR 30,000,000 Autocallable Equity Linked Notes due April 2030 (ISIN: XS3038661750; Series number SPEU 6345) (the "Notes" or the "Securities").

Identity and contact details of the issuer, including its legal entity identifier (LEI): The Issuer is Canadian Imperial Bank of Commerce ("CIBC" or the "Issuer"), acting through its Main Branch, Toronto. CIBC's address is 81 Bay Street, CIBC Square, Toronto, Ontario, Canada M5J 0E7 and its Legal Entity Identifier is 2IGI19DL77OX0HC3ZE78.

Identity and contact details of the competent authority approving the Prospectus: The Prospectus was approved by the Luxembourg Commission de Surveillance du Secteur Financier of 283, route d'Arlon, L-1150 Luxembourg (Telephone number: (+352) 26 25 1-1; Fax number: (+352) 26 25 1-2601; Email: [email protected]).

Date of approval of the Prospectus: The Prospectus was approved on 10 May 2024 and may be amended and/or supplemented from time to time, including by the supplements dated 31 May 2024, 30 August 2024, 6 December 2024 and 28 February 2025.

Warning: This summary is prepared in accordance with Article 7 of the Prospectus Regulation and should be read as an introduction to the Prospectus. Any decision to invest in the Notes should be based on a consideration of the Prospectus as a whole by the investor, including any documents incorporated by reference and the Final Terms. In certain circumstances, the investor could lose all or part of the invested capital. Where a claim relating to the information contained or incorporated by reference in the Prospectus and the Final Terms is brought before a court in a Member State of the European Economic Area, the plaintiff may, under the national legislation of the Member State where the claim is brought, have to bear the costs of translating the Prospectus and the Final Terms before the legal proceedings are initiated. Civil liability attaches only to those persons who have tabled the summary, including any translation thereof, but only if the summary is misleading, inaccurate or inconsistent when read together with the other parts of the Prospectus or it does not provide, when read together with the other parts of the Prospectus, key information in order to aid investors when considering whether to invest in such Notes. You are about to purchase a product that is not simple and may be difficult to understand.

2. Key Information on the Issuer

Who is the Issuer of the securities?

Domicile and legal form, LEI, law under which the Issuer operates and country of incorporation: The Issuer is a Schedule I bank under the Bank Act (Canada) (the "Bank Act") and the Bank Act is its charter. The Issuer operates under Canadian law. The Issuer was formed through the amalgamation of The Canadian Bank of Commerce and Imperial Bank of Canada in 1961. The Canadian Bank of Commerce was originally incorporated as Bank of Canada by special act of the legislature of the Province of Canada in 1858. Subsequently, the name was changed to The Canadian Bank of Commerce and it opened for business under that name in 1867. Imperial Bank of Canada was incorporated in 1875 by special act of the Parliament of Canada and commenced operations in that year. The Issuer's LEI is 2IGI19DL77OX0HC3ZE78.

Issuer's principal activities: CIBC's principal activities are Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets and Direct Financial Services. CIBC provides a full range of financial products and services to 14 million personal banking, business, public sector and institutional clients in Canada, the U.S. and around the world.

Major shareholders, including whether it is directly or indirectly owned or controlled and by whom: To the extent known to CIBC, CIBC is not directly or indirectly owned or controlled by any person. The Bank Act prohibits any person, or persons acting jointly or in concert, from having a "significant interest" in any class of shares of CIBC, that is, from beneficially owning more than 10% of the outstanding shares of the class either directly or through controlled entities, without the approval of the Minister of Finance of Canada. A person may, with the approval of the Minister of Finance, beneficially own up to 20% of a class of voting share and up to 30% of a class of non-voting share of CIBC, subject to a "fit and proper" test based on the character and integrity of the applicant. In addition, the holder of such a significant interest could not have "control in fact" of CIBC.

Key managing directors: The key managing directors of the Issuer are members of the Issuer's Board of Directors. These are: Katharine B. Stevenson, Ammar Aljoundi, Charles J.G. Brindamour, Nanci E. Caldwell, Michelle L. Collins, Victor

Disclaimer

CIBC - Canadian Imperial Bank of Commerce published this content on June 12, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 12, 2025 at 13:53 UTC.