Canadian Imperial Bank of Commerce : Amendment to the terms and conditions - CANADIAN IMPERIAL BANK OF COMMERCE - XS3308079543 CIBC 14/03/2033 Bkt of Shares

Published: 2026-05-15 07:12:16 ET CM.TO

Published on 05/15/2026 at 07:12 am EDT

NOTIFICATION OF MANIFEST ERROR CORRECTION OF PROFORMA and REFERENCES

15 May 2026

SPEU 7438 XS3308079543

We refer to the above issue of Notes, described in more detail in the relevant Final Terms (the "Final Terms"), as signed by Canadian Imperial Bank of Commerce ("CIBC" and the "Issuer"), as well as the Terms and Conditions of the Notes (the "Conditions"), which are supplemented by the Final Terms and which are set out in the Prospectus dated 12 May 2025 (the "Prospectus").

Correction of Manifest Error

The following corrections made to the Final Terms for the Notes bring the document into line with the terms agreed with the investor at the time of the trade. As per the attached blackline, it is to rectify the proforma which now references to the correct embedded Conditions.

Under section 39 Equity Linked Notes:

In all other respects, the Final Terms is correct and all other terms and conditions of the Final Terms remain unchanged. Capitalised terms used but not defined herein shall have the same meaning ascribed thereto in the Final Terms.

For further information, please contact:

CIBC Structured Notes Execution Management ([email protected])

Yours faithfully,

Francois-Xavier Desplanches (Head of Structured Note Sales)

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

(amending and restating the Final Terms dated 20 March 2026 and 10 March 2026as amended and restated 20 March 2026)

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 12 May 2025 and the supplements to the Prospectus dated 30 May 2025, 29 August 2025, 4 December 2025 and 4 February 2026 , which together constitute a base prospectus (the "Prospectus") for the purposes of Regulation (EU) 2017/1122 (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 7438

Tranche Number: 1

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

Not Applicable

Specified Currency or Currencies: Euro ("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: 3 March 2026

Strike Date/Pricing Date: 6 March 2026

(i) Issue Date: 13 March 2026

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

CNY Issue Trade Date: Not Applicable

Maturity Date: 14 March 2033, subject to postponement if the Valuation Date is postponed by a Market Disruption Event

(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 39 below)

Capital Protection: Not Applicable

Full Principal Return: 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 (Chapter 2 (Coupon Features of Reference Item Linked Notes) of Annex 2 (Payout Conditions)):

Applicable

Reference Item Each Equity as specified below in paragraph 39

Contingent Coupon (Condition 1.1)

Not Applicable

Memory Coupon (Condition 1.2) Applicable

Calculation Amount (CA): As specified in paragraph 6(ii) above.

Memory Coupon Value: 3.50 per cent.

t: In respect of an Interest Payment Date, the number of Interest Payment Dates falling in the period commencing on, but excluding, the Issue Date and ending on, and including, such Interest Payment Date

Coupon Averaging: Not Applicable

Factor Coupon (Single Reference Item) (Condition 1.3)

Factor Coupon (Basket of Reference Items) (Condition 1.4)

Not Applicable

Lock-in Coupon (Condition 1.5) Not Applicable

Performance Coupon 1 (Condition 1.6)

Performance Coupon 2 (Condition 1.7)

Range Accrual Coupon (Single Reference Item) (Condition 1.8)

Not Applicable

Range Accrual Coupon (Worst of) (Condition 1.9)

Not Applicable

Range Accrual Coupon (Basket of Reference Items) (Condition 1.10)

Enhanced Coupon (Condition 1.11)

Memory Enhanced Coupon (Condition 1.12)

Contingent Floating Rate Coupon (Condition 1.13)

Memory Contingent Floating Rate Coupon (Condition 1.14)

Double memory Coupon (Condition 1.15):

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:

Not Applicable Not Applicable

Coupon Valuation Date Closing: Applicable: (a) the Relevant Performance and (b)

Relevant Performance: Applicable: Relevant Performance (Basket)

Value (t): Applicable: Reference Item Closing Value

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):

Not Applicable

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:

The Equity Linked Conditions are applicable. See paragraph 39 below

INTEREST PAYMENT TABLE:

Coupon Valuation Dates

Interest Payment Dates

Coupon Barrier Level

27 August 2026

10 September 2026

73%

26 February 2027

12 March 2027

73%

27 August 2027

10 September 2027

73%

28 February 2028

13 March 2028

73%

28 August 2028

11 September 2028

73%

27 February 2029

13 March 2029

73%

27 August 2029

10 September 2029

73%

27 February 2030

13 March 2030

73%

27 August 2030

10 September 2030

73%

27 February 2031

13 March 2031

73%

27 August 2031

10 September 2031

73%

27 February 2032

12 March 2032

73%

27 August 2032

10 September 2032

73%

28 February 2033 (the "Final Valuation Date")

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

73%

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:

Not Applicable

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 39 applies):

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 General Condition 5(c), General Condition 5(d) and General Condition 5(e); and

the references to "together with accrued interest, if any, to the date of payment" shall be deemed to be deleted from General Condition 9 (Events of Default)

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

Not Applicable.

Early Redemption Amount (Reference Item Linked Notes - Chapter 3 (Early Redemption of Reference Item Linked Notes) of Annex 2 (Payout Conditions)):)

Early Redemption Reference Item(s):

Applicable

Each Equity as specified below in paragraph 39

Early Redemption Event 1: Not Applicable

Early Redemption Event 2: Not Applicable

Early Redemption Event 3: Applicable

Relevant Performance: Relevant Performance (Basket)

Weighted Performance: Weighted Performance (Value/Initial)

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

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

Initial Value: Initial Reference Item Closing Value

Value(t): Applicable: Reference Item Closing Value

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) (Condition 1.2 of Chapter 3):

Not Applicable

EARLY REDEMPTION TABLE:

Early Redemption Valuation Dates

Early Redemption Dates

Early Redemption Strike

27 August 2026

10 September 2026

Not Applicable

26 February 2027

12 March 2027

100%

27 August 2027

10 September 2027

100%

28 February 2028

13 March 2028

100%

28 August 2028

11 September 2028

100%

27 February 2029

13 March 2029

100%

27 August 2029

10 September 2029

100%

27 February 2030

13 March 2030

100%

27 August 2030

10 September 2030

100%

27 February 2031

13 March 2031

100%

27 August 2031

10 September 2031

100%

27 February 2032

12 March 2032

100%

27 August 2032

10 September 2032

100%

Fast Autocall Early Redemption (Condition 1.3 of Chapter 3):

Not Applicable

Final Redemption Amount - Reference Item Linked Redemption provisions (Chapter 4 of Annex 2)

Applicable

Reference Item(s): Each Equity as specified below in paragraph 39

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:

The Equity Linked Conditions are applicable. See paragraph 39

Settlement Method Cash Settlement

Redemption Condition (Annex 1,Condition 1.3of Chapter 4)

Barrier Event Redemption Amount (Basket of Reference Items) (Condition 1.3(xxvi)) applies Redemption Amount 4 Cash Settlement (Condition 1.3(vii)) applies

Calculation Amount (CA): As specified in paragraph 6(ii) above.

Averaging: Not Applicable

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

Final Value: Not Applicable

Redemption Barrier: Not Applicable

Cap: Not Applicable

Upper Cap:

Lower Cap:

Floor:

Not Applicable Not Applicable Not Applicable

Barrier Event: Not Applicable

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:

Participation:

Not Applicable Not Applicable

Final Relevant Performance (FRP):

Not Applicable

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

Barrier Performance Observation Period Closing:

Barrier Performance Observation Period Intra-Day:

Not Applicable Not Applicable

Barrier Performance Closing: Applicable

Barrier Reference Date: 28 February 2033

Barrier Performance Strike: 60%

Relevant Performance Relevant Performance (Basket)

Value (t): Reference Item Closing Value

Barrier Performance Observation Period:

Not Applicable

Observation Date (Closing Valuation):

Not Applicable

Observation Date (Intra-Day Valuation):

Call Strike:

Not Applicable Not Applicable

Put Strike Not Applicable

Put Strike Multiplier Not Applicable

Parity Multiplier Not Applicable

Rebate Not Applicable

Deliverable Reference Item Not Applicable

Worst (Best) Reference Item: Not Applicable

Gearing: Not Applicable

Kick In/Out Event: Not Applicable

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

Not Applicable

Parity Rounded: Not Applicable

Equity FX Conversion Not Applicable

Lock-in Event: Not Applicable

(xl) Lock-in Valuation Date: Not Applicable

(xli) Lock-in Level: Not Applicable

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

(xliii) Initial Basket Level:

Not Applicable

Reference Item (Related Exchange)

Bloomberg / ISIN

Reference Currency

Initial Value

Weight (W)

LVMH Moet Hennessy Louis Vuitton SE (EPA)

MC FP Equity

EUR

EUR 502.2000

1/3

Kering SA (EPA)

KER FP Equity

EUR

EUR 257.4000

1/3

Hermes International SCA (EPA)

RMS FP Equity

EUR

EUR 1,905.5000

1/3

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 the Equity Linked Conditions:

Canadian Imperial Bank of Commerce (Toronto)

Exchange(s): Euronext Paris ("EPA")

Related Exchange(s): All Exchanges

Potential Adjustment Events: Applicable

De-listing: Applicable

Merger Event: Applicable

Nationalization: Applicable

Insolvency: Applicable

Tender Offer: Applicable

Redemption Amount: Barrier Event Redemption Amount (Basket of Reference

Items) (Condition 1.3(xxvi)3(xxiv)) applies

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

Valuation Time: Equity Linked Condition 5 applies

Strike Price: Not Applicable

Exchange Rate: Not Applicable

Multiplier for each Underlying Equity comprising the basket (which is subject to adjustment as set out in Equity Linked Condition 2):

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:

Partial Lookthrough Depositary Receipt Provisions

Full Lookthrough Depositary Receipt Provisions:

Applicable

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

Not Applicable Not Applicable

FX Linked Notes: Not Applicable

Fund Linked Notes: Not Applicable

Inflation Linked Notes: Not Applicable

Bond Linked Notes: Not Applicable

Credit 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:

Not Applicable

Talons for future Coupons or Receipts to No be attached to Definitive Notes (and dates

on which such Talons mature):

Governing Law and Jurisdiction: English law

Unavailability of Currency: General Condition 6(e) is Applicable

Signed on behalf of the Issuer:

By:

LISTING AND ADMISSION TO TRADING

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

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

PERFORMANCE OF REFERENCE ITEM(S) AND OTHER INFORMATION CONCERNING THE REFERENCE ITEM(S)

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

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

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.

YIELD

Indication of yield: Not Applicable

REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

Reasons for the offer: As specified in the Prospectus

Estimated net proceeds: EUR 30,000,000

Estimated total expenses: EUR 2,650.00

HISTORIC INTEREST

Not Applicable

OPERATIONAL INFORMATION

ISIN Code: XS3308079543

Common Code: 330807954

Valoren: 112287544

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):

Not Applicable

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

DISTRIBUTION

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:

Not Applicable

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

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

L-1246 Luxembourg

Grand Duchy of Luxembourg

Stabilizing Manager(s) (if any): Not Applicable

Total commission and concession:

THIRD PARTY INFORMATION

Not Applicable

BENCHMARKS Not Applicable

GENERAL

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:

Not Applicable

Prohibition of Sales to UK Retail Investors:

Not Applicable

Prohibition of Sales to Belgian Consumers:

Applicable

Applicable TEFRA exemption: Excluded Issue

FINSA Non-Exempt Offer in Switzerland:

Not Applicable

Admission to trading of Notes in Switzerland:

Not Applicable

Filing of Final Terms: Not Applicable

Swiss Security Number: 112287544

(vii) FINSA Non-Exempt Offer in Switzerland:

Not Applicable

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 March 2033 (ISIN: XS3308079543; Series number SPEU 7438) (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 12 May 2025 and may be amended and/or supplemented from time to time including by supplements dated 30 May 2025, 29 August 2025, 4 December 2025 and 4

February 2026.

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. 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, Nanci E. Caldwell, Harry Culham, Marianne Harrison, Kevin J. Kelly, Christine E. Larsen, Mary Lou Maher, William F. Morneau, Mark W. Podlasly, François L. Poirier, Martine Turcotte and Barry

L. Zubrow.

Statutory auditors: The statutory auditors and independent auditors of CIBC are Ernst & Young LLP

What is the key financial information regarding the issuer? CIBC derived the key financial information included in the table below as of and for the years ended 31 October 2024 and 31 October 2025 from CIBC's Annual Reports 2024 and 2025. The key financial information included in the table below as of and for the three months ended 31 January 2026 was derived from the unaudited interim consolidated financial statements of CIBC for the period ended 31 January 2026 contained in CIBC's Report to Shareholders for the First Quarter, 2026.

First quarter

2026

2025

2024

For the three months ended

For the year ended 31

31 January

October

Financial results (C$ millions)

Net interest income

4,308

15,769

13,695

Non-interest income

4,090

13,364

11,911

Total revenue

8,398

29,133

25,606

Provision for credit losses

568

2,342

2,001

Non-interest expenses

4,329

15,852

14,439

Income before income taxes

3,501

10,939

9,166

Income taxes

401

2,485

2,012

Net income attributable to non-controlling interests

Net income

3,100

8,454

7,154

On-balance sheet information (C$ millions)

Cash, deposits with banks and securities

333,697

327,238

302,409

Loans and acceptances, net of allowance

592,491

589,504

558,292

Total assets

1,132,577

1,116,938

1,041,985

Deposits

815,891

808,124

764,857

Common shareholders' equity

57,984

57,760

53,789

What are the key risks that are specific to the issuer: The key risks relating to the Issuer are set out below:

Trade Policy Uncertainty: Newly implemented and proposed tariffs, by the U.S., and any potential counter-measures, are expected to have negative impacts on supply chains, inflation and economic activity, further amplifying ongoing U.S., Canada, and Mexico trade issues that existed prior to the tariff developments, and is posing recessionary fears and increasing market volatility. Separate trade discussions are ongoing between Canada and China as well as the U.S. and China. The ongoing uncertainty on the ultimate level and extent of tariffs could diminish consumer and business confidence in Canada and around the globe, increasing credit, market, liquidity, strategic and operational (including third-party) risks.

Geopolitical risk: The level of geopolitical risk escalates at certain points in time. While the specific impact on the global economy and on global credit and capital markets would depend on the nature of the event, in general, any major event could result in instability and volatility, leading to widening spreads, declining equity valuations, flight to safe-haven currencies and increased purchases of gold. In the short run, market disruption could hurt the net income of the Issuer's trading and non-trading market risk positions. Geopolitical risk could reduce economic growth, and in combination with the potential impacts on commodity prices and the recent rise of protectionism, could have serious negative implications for general economic and banking activities and may have adverse impacts on the Issuer's business, results of operations and financial condition.

Climate Risk: The physical effects of climate change along with regulations designed to mitigate its negative impacts will have a measurable impact on communities and the economy. The physical risks of climate change resulting from severe weather events and systemic issues such as rising sea levels can impact CIBC's profitability through disruptions in its own operations and damage to critical infrastructure. Transition risks, which arise as society adjusts towards a low-carbon future, can impact the financial health of its clients as changes in policy and technology aimed at limiting global warming can increase their operating costs and reduce profitability, while translating into potentially higher credit losses for CIBC. CIBC is also exposed to reputational risks due to changing stakeholder expectations related to action or inaction in addressing climate-related risks.

Information and Cyber Security Risk: CIBC continues to evolve its use of technology and business processes to improve the client experience and streamline operations. Concurrently, cyber threats are growing in frequency and sophistication, increasing the potential for financial loss, reputational harm, regulatory exposure and business interruption. CIBC actively manages these risks through strategic risk reviews and enterprise-wide technology and information security programs aimed at prevention, detection, response and recovery. Threats include data breaches, malware and ransomware, unauthorized access, social engineering and fraud, and denial-of-service attacks, which may result in damage to CIBC systems and information; theft, loss or disclosure of confidential information; unauthorized or fraudulent activity; and service disruption at CIBC or its service providers, including those that offer cloud services.

Technology Risk: CIBC is continuing to evolve its technology services to improve the client experience and streamline operations. New technology solutions offer advanced capabilities, connectivity between systems and efficiencies to support a growing business, while also increasing the complexity of ongoing management and resilience across multiple internal and external stakeholders and platforms hosted on premises, in the cloud or by third parties. Globally, regulators continue to expect financial institutions to have well-designed and managed technology development, deployment, operational and support processes in place to actively manage the risks inherent to a large enterprise technology environment.

The Issuer's results could be affected by legislative and regulatory developments in the jurisdictions where the Issuer conducts business: As the Issuer operates in a number of jurisdictions and its activities are subject to extensive regulation in those jurisdictions, the Issuer's financial performance and position could be affected by changes to law, statutes, regulations or regulatory policies, rules or guidelines in those jurisdictions where the Issuer operates, including changes in their interpretation, implementation or enforcement.

Risks related to legal proceedings and other contingencies: In the ordinary course of its business, the Issuer is a party to a number of legal proceedings, including regulatory investigations, in which claims for substantial monetary damages are asserted against the Issuer and its subsidiaries. It is possible that the Issuer could receive judicial or regulatory decisions or judgments that result in fines, criminal prosecution, damages and other costs that could damage its reputation and have a negative impact on the Issuer's results.

Borrower and Counterparty Risk Exposure: The ability of the Issuer to make payments in connection with any Notes is subject to general credit risks, including credit risks of borrowers. The failure to effectively manage credit risk across the Issuer's products, services and activities can have a direct, immediate and material impact on the Issuer's earnings and reputation.

3. Key information on the securities

What are the main features of the securities?

Type and class of Notes and ISIN:

The Notes are Autocallable Equity Linked Notes. The Notes will be uniquely identified by ISIN: XS3308079543; Common Code: 330807954; Series Number: SPEU 7438. Interest is payable on the Notes calculated by reference to the value or performance of equity securities of LVMH Moet Hennessy Louis Vuitton SE, Kering SA and Hermes International SCA (each, a "Reference Item") as further described below. Redemption Amounts payable in respect of the Notes are linked to the value or performance of the Reference Item as further described below.

Currency, nominal amount/denomination, par value, aggregate nominal amount and term of the securities:

The Currency of the Notes is Euro ("€" or "EUR"). The nominal amount (the "Nominal Amount") or specified denomination (the "Specified Denomination") per Note is EUR 1,000. The calculation amount (the "Calculation Amount") is EUR 1,000 per Note. The Notes are issued in registered form in accordance with Regulation S and will initially be represented by a global Note.

EUR 30,000,000 in aggregate nominal amount of Notes will be issued. The term of the Notes is from the issue date to the Maturity Date. The scheduled maturity date (the "Maturity Date") of the Notes is 14 March 2033 subject to postponement if the Valuation Date is postponed by a Market Disruption Event.

Rights attached to the Notes:

Governing Law: The governing law of the Notes is English law.

Calculation Agent: Canadian Imperial Bank of Commerce, Toronto Main Branch

The Notes will give each holder of Notes (a "Noteholder") the right to receive the following:

if a Coupon Barrier Event has not occurred in respect of such Coupon Valuation Date, as determined by the Calculation Agent, the Interest Amount in respect of each Note payable on such Interest Payment Date shall be an amount in the Specified Currency determined by the Calculation Agent in accordance with the following formula:

(CA × Memory Coupon Value × t) - APCA

if a Coupon Barrier Event has occurred in respect of such Coupon Valuation Date, as determined by the Calculation Agent, the Interest Amount in respect of each Note payable on such Interest Payment Date shall be zero.

Where:

"APCA" means Aggregate Preceding Coupon Amounts, being the sum of each Coupon Amount paid in respect of one Note on all Coupon Payment Date(s) (if any) preceding the relevant Coupon Payment Date.

"CA" means the Calculation Amount.

"Closing Equity Price" means, on any day in respect of an Equity, the official closing price of such Equity on the Exchange as of the Valuation Time on the relevant day, or if there is no official closing price, the mid-market price per such Equity on the Exchange at the Valuation Time on such day, all as determined by the Calculation Agent subject as provided in Condition 8.

"Coupon Barrier Event" means, in respect of a Coupon Valuation Date (and a Coupon Barrier Event shall be deemed

to have occurred if), the Relevant Performance on such Coupon Valuation Date is less than the Coupon Barrier Level, as determined by the Calculation Agent.

"Coupon Barrier Level" means: 73% (t = 1 to 14).

"Initial Value" means, in the case of: (i) LVMH Moet Hennessy Louis Vuitton SE, EUR 502.2000; (ii) Kering SA, EUR 257.4000; (iii) Hermes International SCA, EUR 1,905.5000.

"Memory Coupon Value" means 3.50 per cent.

"Reference Item Closing Value" means, on any relevant day in respect of a Reference Item which is an Equity, the Closing Equity Price of such Equity on or in respect of such day;

"Relevant Performance" means Relevant Performance (Basket).

"Relevant Performance (Basket)" means the aggregate of the Weighted Performance of each Reference Item in a Basket of Reference Items in respect of a relevant day.

"t" means in respect of the Interest Payment Date immediately following each Coupon Valuation Date (for the purposes of this definition of t, the "Relevant Interest Payment Date"), the number of Interest Payment Dates falling in the period commencing on, but excluding, the Issue Date and ending on, and including, the Relevant Interest Payment Date.

"Value(t)" means in respect of a Reference Item and any relevant day, the Reference Item Closing Value of such Reference Item on such relevant day.

"W" means, in respect of a Reference Item, the amount set forth in the column entitled in the row corresponding to such Reference Item in the Reference Item Table.

"Weighted Performance" means, in respect of each Reference Item in the Basket of Reference Items, Weighted Performance (Value/Initial).

"Weighted Performance (Value/Initial)" means an amount calculated by the Calculation Agent in accordance with the following formula:

The Coupon Valuation Dates are 27 August 2026, 26 February 2027, 27 August 2027, 28 February 2028, 28 August

2028, 27 February 2029, 27 August 2029, 27 February 2030, 27 August 2030, 27 February 2031, 27 August 2031, 27

February 2032, 27 August 2032 and 28 February 2033 and the corresponding Interest Payment Dates are 10 September

2026, 12 March 2027, 10 September 2027, 13 March 2028, 11 September 2028, 13 March 2029, 10 September 2029,

13 March 2030, 10 September 2030, 13 March 2031, 10 September 2031, 12 March 2032, 10 September 2032 and the Maturity Date.

if the Calculation Agent the Calculation Agent determines that a Barrier Performance Event has not occurred, the Redemption Amount shall be the Calculation Amount;

if the Calculation Agent determines that a Barrier Performance Event has occurred, the Redemption Amount shall be an amount calculated by the Calculation Agent in accordance with the formula below:

Where :

"CA" means the Calculation Amount.

"Barrier Performance Event" means, if Barrier Performance Closing is specified to be applicable (and a Barrier Performance Event shall be deemed to have occurred if), the Relevant Performance in respect of the Barrier Reference Date is less than the Barrier Performance Strike, as determined by the Calculation Agent.

"Barrier Performance Strike" means 60%.

"Barrier Reference Date" means 28 February 2033.

"Final Relevant Performance (Basket)" means the aggregate of the Final Weighted Performance of each Reference Item.

"Final Weighted Performance" means, in respect of each Reference Item in the Basket of Reference Items, Weighted Performance (Final/Initial).

"Final Closing Price" means, in respect of an Equity, the Final Closing Equity Price of such Equity at the close of business on the relevant Valuation Date, as determined by the Calculation Agent.

"Final Closing Equity Price" means, in respect of an Equity, the Closing Equity Price of the Equity on the Valuation Date for such Equity, as determined by the Calculation Agent and subject to adjustment and correction in accordance with the Conditions.

"Final Value" means the Final Closing Price of each Reference Item in the Basket of Reference Items.

"Initial Value" means, in the case of: (i) LVMH Moet Hennessy Louis Vuitton SE, EUR 502.2000; (ii) Kering SA, EUR 257.4000; (iii) Hermes International SCA, EUR 1,905.5000.

"Reference Item Closing Value" means, on any relevant day in respect of a Reference Item which is an Equity, the Closing Equity Price of such Equity on or in respect of such day;

"Relevant Performance" means Relevant Performance (Basket).

"Relevant Performance (Basket)" means the aggregate of the Weighted Performance of each Reference Item in a Basket of Reference Items in respect of a relevant day.

"Value(t)" means in respect of a Reference Item and any relevant day, the Reference Item Closing Value of such Reference Item on such relevant day.

"W" means, in respect of a Reference Item, the amount set forth in the column entitled in the row corresponding to such Reference Item in the Reference Item Table.

"Weighted Performance" means, in respect of each Reference Item in the Basket of Reference Items, Weighted Performance (Value/Initial).

"Weighted Performance (Final/Initial)" means an amount calculated by the Calculation Agent in accordance with the following formula:

"Weighted Performance (Value/Initial)" means an amount calculated by the Calculation Agent in accordance with the following formula:

Where:

"Early Redemption Event" means, in respect of an Early Redemption Valuation Date (and an Early Redemption Event shall be deemed to have occurred in respect of such Early Redemption Valuation Date if), the Calculation Agent determines that the Relevant Performance on such Early Redemption Valuation Date is greater than or equal to the Early Redemption Strike.

"Early Redemption Strike" means: 100% (t = 2 to 13).

"Initial Value" means, in the case of: : (i) LVMH Moet Hennessy Louis Vuitton SE, EUR 502.2000; (ii) Kering SA, EUR 257.4000; (iii) Hermes International SCA, EUR 1,905.5000.

"Reference Item Closing Value" means, on any relevant day in respect of a Reference Item which is an Equity, the Closing Equity Price of such Equity on or in respect of such day;

"Relevant Performance" means Relevant Performance (Basket).

"Relevant Performance (Basket)" means the aggregate of the Weighted Performance of each Reference Item in a Basket of Reference Items in respect of a relevant day.

"Value(t)" means in respect of a Reference Item and any relevant day, the Reference Item Closing Value of such Reference Item on such relevant day.

"W" means, in respect of a Reference Item, the amount set forth in the column entitled in the row corresponding to such Reference Item in the Reference Item Table.

"Weighted Performance" means, in respect of each Reference Item in the Basket of Reference Items, Weighted Performance (Value/Initial).

"Weighted Performance (Value/Initial)" means an amount calculated by the Calculation Agent in accordance with the following formula:

The Early Redemption Valuation Dates are 26 February 2027, 27 August 2027, 28 February 2028, 28 August 2028, 27

February 2029, 27 August 2029, 27 February 2030, 27 August 2030, 27 February 2031, 27 August 2031 and 27 February

2032 and 27 August 2032, and the corresponding Early Redemption Dates are 12 March 2027, 10 September 2027, 13

March 2028, 11 September 2028, 13 March 2029, 10 September 2029, 13 March 2030, 10 September 2030, 13 March

2031, 10 September 2031, 12 March 2032 and 10 September 2032.

The Early Redemption Amount is EUR 1,000 per EUR 1,000 Calculation Amount.

Relative seniority of the securities in the Issuer's capital structure in the event of insolvency: The Notes are Senior Notes and constitute deposit liabilities of the Issuer for purposes of the Bank Act. The Notes will rank pari passu with all deposit liabilities of the Issuer (except as otherwise prescribed by law) without any preference amongst themselves. The Notes are not deposits insured under the CDIC Act. The Notes are not subject to Canada's bank resolution powers.

Description of restrictions on free transferability of the securities: The Notes are freely transferable (subject to all applicable laws).

Where will the securities be traded? Application has been made to admit the Notes to trading on the regulated market of the Luxembourg Stock Exchange.

What are the key risks that are specific to the securities?

Risks relating to the Notes include:

What are the key risks that are specific to the securities?

No interest or additional amounts may be payable under the Notes: Prospective investors should note that if a Coupon Barrier Event has occurred in respect of a Coupon Valuation Date that no interest will be paid on the Notes on the corresponding Interest Payment Date. An investor in such Notes, in the context of its own financial position, must be capable of holding such Notes to maturity with no income stream in the form of interest payments. As there may be no periodic payment of interest to the Noteholders, any increase in the value of the underlying Reference Item will not be crystallized until the Notes are redeemed and the Notes may fall in value at any time prior to redemption.

An investment in Reference Item Linked Notes entails significant risks that are not associated with similar investments in a conventional fixed rate or floating rate debt security: The Notes are Reference Item Linked Notes with payment of principal and interest determined by reference to equity securities of LVMH Moet Hennessy Louis Vuitton SE, Kering SA and Hermes International SCA. An investment in such Notes entails significant risks that are not associated with similar investments in a conventional fixed rate or floating rate debt security and in some circumstances the value of the Notes may be less than the nominal amount of the Notes and may be zero in which case an investor may lose some or all of the amount it invested in the Notes. Potential investors should be aware that: (i) investors may receive no interest or they may receive interest at a rate that is less than that payable on a conventional fixed rate or floating rate debt security issued at the same time; (ii) payment of principal or interest may occur at a different time than expected; (iii) investors should be willing to hold these Notes until the maturity date as the secondary market for such Notes may be limited or non-existent and if there is a limited secondary market then the lack of demand may reduce the market price at which Notes may be sold prior to maturity; (iv) the Reference Item may be subject to significant fluctuations that may not correlate with changes in interest rates, currencies or other securities, funds or indices and may depend on a number of interrelated factors over which the Issuer has no control, including economic, financial and political events in one or more jurisdictions, including factors affecting capital markets generally; (v) the timing of changes in the Reference Item may affect the actual yield to investors, even if the average level is consistent with their expectations. In general, the earlier the change in the Reference Item, the greater the effect on yield; (vi) Notes are of limited maturity and, unlike direct investments in an index, investors are not able to hold them beyond the Maturity Date in the expectation of a recovery in the price of the underlying; and (vii) the price at which an investor will be able to sell Notes prior to the Maturity Date may be at a substantial discount to the market value of the Notes at the time they are issued depending on the performance of the Reference Item.

The amount paid by the Issuer on redemption of such Notes may be less than the nominal amount of the Notes, together with any accrued interest, and may in certain circumstances be zero: The value of the Reference Item on any day will reflect the value of its constituents on such day. Changes in the composition of such Reference Item and factors which either affect or may affect the value of the constituents, will affect the value of such Reference Item and therefore may affect the return on an investment in Notes.

The Notes will represent an investment linked to the economic performance of the Reference Item: The Notes will represent an investment linked to the economic performance of the Reference Item and prospective investors should note that the return (if any) on their investment in such Notes will depend upon the performance of such Reference Item. Potential investors should also note that while the market value of Notes is linked to such Reference Item and will be influenced (positively or negatively) by such Reference Item, any change may not be comparable and may be disproportionate. Fluctuations in the value and/or volatility of the Reference Item may affect the value of the Notes. Investors in the may risk losing their entire investment if the value of the relevant Reference Item does not move in the anticipated direction.

The tax treatment of the Notes is uncertain: The tax treatment of the Notes is uncertain and the tax treatment applicable to such Notes may change before the maturity, exercise or redemption (as applicable) of the Notes. Prospective investors should consult their own independent tax advisors before making an investment in the Notes.

The Notes may redeem early following an 'automatic redemption (autocall) event': The Notes be automatically redeemed prior to the scheduled redemption date if the level, price, value or performance of the Reference Item breaches

the Early Redemption Barrier on the relevant Early Redemption Valuation Date. In the event that such an automatic redemption (autocall) event occurs, investors will be paid an early redemption amount equal to the Calculation Amount or such other amount specified in the Conditions. In such case, investors may not be able to reinvest the proceeds from an investment at a comparable return and/or with a comparable interest rate for a similar level of risk. Potential investors should consider such reinvestment risk in light of other available investments before they purchase the Notes. In the event that an automatic redemption (autocall) event does not occur during the term of the Notes, investors may lose some or all of their investment at maturity, depending on the performance of the Underlying Asset(s) and the Conditions of their Notes.

Risks associated with Equity Linked Notes: Prospective investors should be aware that: (i) investors may receive no or a limited amount of interest, payment of principal or interest or delivery of any specified assets may occur at a different time than expected and/or they may lose all or a substantial portion of their investment; (ii) no issuer of the relevant equity securities will have participated in the preparation of the Final Terms or in establishing the terms of the Notes; (iii) factors affecting the performance of equity securities may adversely affect the value of the Notes; (iv) Noteholders have no claim against the equity issuers or recourse to the equities; (v) determinations made by the Calculation Agent in respect of Potential Adjustment Events, Merger Events, Tender Offers, De-listing, Nationalizations, Insolvencies and Additional Disruption Events may have an adverse effect on the value of the Notes; (vi) Noteholders will have no voting rights or may have no right to receive dividends or distributions in respect of the relevant equity securities; and (vii) where the Notes include the right of the Issuer, subject to the fulfillment of a particular condition, to redeem the Notes at their maturity by delivering equity securities to the investor, Noteholders may receive physical delivery of equity securities in lieu of payment of cash amounts.

4. Key information on the offer of securities to the public and/or the admission to trading on the regulated market

Under what conditions and timetable can I invest in these securities? The Notes have been offered to the dealer at the issue price of 100 per cent. of the aggregate nominal amount. The Notes are not being publicly offered.

Issue date and admission to trading: The issue date of the Notes is 13 March 2026 and application has been made for the Notes to be admitted to trading on the regulated market of the Luxembourg Stock Exchange on or around the issue date.

Estimated total expenses of the issue/offer, including estimated expenses charged to the purchaser by the Issuer/offeror: There are no estimated expenses charged to any purchaser by the Issuer. CIBC Capital Markets (Europe)

S.A is not paid a commission in connection with the distribution of the Notes.

Who is the offeror and/or the person asking for admission to trading? The Issuer is the entity requesting for the admission to trading of the Notes.

Why is this prospectus being produced?

Reasons for the issue, estimated net proceeds and use of proceeds: The net proceeds from the issue of the Notes, which are expected to amount to EUR 30,000,000, will be used by the Issuer for its general corporate purposes.

Underwriting agreement on a firm commitment basis: The offer of the Notes is not subject to an underwriting agreement on a firm commitment basis.

Material conflicts pertaining to the issue/offer: In making calculations and determinations with regard to the Notes, there may be a difference of interest between the Securityholders and the Issuer, CIBC Capital Markets (Europe) S.A and their affiliated entities. In particular, the Issuer, CIBC Capital Markets (Europe) S.A and their affiliated entities may have interests in other capacities (such as other business relationships and activities) and when acting in such other capacities may pursue actions and take steps that they deem necessary to protect their interests without regard to the consequences for any particular Securityholder, which may have a negative impact on the value of and return on the Notes. In the ordinary course of its business, the Issuer, CIBC Capital Markets (Europe) S.A and/or any of their affiliates may effect transactions in relation to underlying asset(s) and may enter into one or more hedging transactions with respect to the Notes. Such activities may affect the market price, liquidity, value of or return on the Notes and could be adverse to the interest of the relevant Securityholders.

The Issuer acts as Calculation Agent. Under the Conditions, the Calculation Agent has discretion to make determinations, including whether a Barrier Event has occurred or not, whether an event giving rise to a Disrupted Day and/or an Additional Disruption Event has occurred and whether an Early Redemption Event has occurred.

Disclaimer

CIBC - Canadian Imperial Bank of Commerce published this content on May 15, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 15, 2026 at 11:11 UTC.