Canadian Imperial Bank of Commerce: Amendment to the terms and conditions - CANADIAN IMPERIAL BANK OF COMMERCE - XS3456246357 CIBC 12/09/2033 Euro Stoxx 50 Index

‌CIBC

31 August 2026

Series:

SPEU 7859

{the "Notes")

CIBC CAP ITAL MARIA ETS

NOTIFICATION OF IMITIAL VALUE / BARRIER EVEMT STRIKE

ISIN:

XS3456246357

We refer to the a!›ove issue of Notes. descri!›ed in more detail in be Final Terms dated 29 June 2026 {the "Final Terms"), as signed by Canadian Imperial Bank of Commerce (the "Issuer), as well as be Terms and Conditions of the Notes fthe "Condirions™). which are supplemented !›y the Final Terms and which are set our in the Prospectus dated 30 April 2026 (the "Prospectus™).

Notification of Initial Value / Barrier Event Strike

Canadian Imperial Bank of Commerce fToronto), as Calculation Agent. has determined the following, which have !›een ser our in the Amended Final Terms dated 28 August 2026 (the "Amended Final Terms") attached to this Notification.

"Initial Value", as set out in the Reference Item Tahle on page 10. and also on pages 19 and 20 of the Final Terms, is EUR 6.408.230. "Barrier Event Strike". as set out in the Reference Item Tahle on page 10, and also on page 20 of the Final Terms, is EUR 3,844.938.

In all other respects. the Final Terms was 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 Amended Final Temis.

For further information, please contact:

CIBC Structured Notes Execution Management Email: [email protected] Yours faithfully,

Francois-Xavier Desplanches (Head of Structured Note Sales)

Canadian Imperial Bank of Coinnierce

MIFID II product governance / Retail investors, professional investors and ECPs target market - Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties, professional clients and retail clients, each as defined in Directive 2014/65/EU (as amended, "MiFID II"); (ii) all channels for distribution to eligible counterparties and professional clients are appropriate; and (iii) 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 MiFID II, as applicable. Any person subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the manufacturer's target market assessment; however, a distributor subject to MiFID II 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 distributor's suitability and appropriateness obligations under MiFID II, as applicable. UK MIFIR product governance / Retail investors, professional investors and ECPs target market - Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is retail clients, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"), and eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook ("COBS") and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA ("UK MiFIR"); (ii) all channels for distribution to eligible counterparties and professional clients are appropriate; and (iii) 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. Final Terms dated 29 June 2026

(as amended and restated 28 August 2026)

Canadian Imperial Bank of Commerce Branch of Account: Main Branch, Toronto Legal Entity Identifier: 2IGI19DL77OX0HC3ZE78 Issue of EUR 30,000,000 Autocallable Index Linked Notes due September 2033 under a Structured Note Issuance Programme PART A - CONTRACTUAL TERMS

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 30 April 2026 and the supplement to the Prospectus dated 7 July 2026, 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 supplement 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 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.

1. (i) Series Number: SPEU 7859

   1. Tranche Number: 1

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

      Not Applicable

2. Specified Currency or Currencies: Euros ("EUR")

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

4. Issue Price: 100.00 per cent. of the Aggregate Nominal Amount

5. Belgian Securities Annex: Not Applicable

   Protected Principal Amount: Not Applicable

6. (i) Specified Denominations: EUR 1,000

   1. Calculation Amount: EUR 1,000

7. Trade Date: 23 July 2026

8. Strike Date/Pricing Date: 23 July 2026, 30 July 2026, 06 August 2026, 13

   August 2026, 20 August 2026 and 27 August 2026

9. (i) Issue Date: 3 August 2026

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

   2. CNY Issue Trade Date: Not Applicable

10. Maturity Date: 12 September 2033, subject to postponement if the Valuation Date is postponed by a Market Disruption Event

11. (i) Business Centre: Not Applicable

    1. Business Day Convention: Following Business Day Convention, where

       Business Day means a TARGET Business Day

12. Interest Basis: Index Linked Interest

    (further particulars specified at paragraph 24 below)

13. (i) Redemption/Payment Basis: Index Linked Redemption

    (further particulars specified at paragraph 38

    below)

    1. Capital Protection: Not Applicable

14. Change of Interest or Redemption/Payment Basis:

    Not Applicable

15. Put/Call Options: Not Applicable

16. Date Board approval for issuance of Notes obtained:

    Not Applicable

17. Bail-inable Notes: No

    PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

18. Fixed Rate Notes: Not Applicable

19. Floating Rate Note Provisions: Not Applicable

20. Range Accrual Note Provisions: Not Applicable

21. Range Notes: Not Applicable

22. Reverse Floating Rate Coupon Notes: Not Applicable

23. Steepener Coupon Notes: Not Applicable

24. Reference Item Linked Interest provisions (Chapter 2 (Coupon Features of Reference Item Linked Notes) of Annex 2 (Payout Conditions)):

    Applicable

    1. Reference Item The Index as specified below in paragraph 38

    2. Contingent Coupon (Condition 1.1)

       - Specified Interest Amount:

       Applicable

       Calculation Amount x (4.15 per cent. x t) (subject to Coupon Barrier Event as set out in paragraph 24(xxi) below)

       Where:

       "t" means a number (from 2 to 14) 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)

    3. Memory Coupon (Condition 1.2) Not Applicable

    4. Factor Coupon (Single Reference Item) (Condition 1.3)

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

       Not Applicable

       Not Applicable

    6. Lock-in Coupon (Condition 1.5) Not Applicable

    7. Performance Coupon 1 (Condition 1.6)

    8. Performance Coupon 2 (Condition 1.7)

       Not Applicable

       Not Applicable

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

       Not Applicable

    10. Range Accrual Coupon (Worst of) (Condition 1.9)

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

    12. Enhanced Coupon (Condition 1.11)

    13. Memory Enhanced Coupon (Condition 1.12)

    14. Contingent Floating Rate Coupon (Condition 1.13)

    15. Memory Contingent Floating Rate Coupon (Condition 1.14)

    16. Double memory Coupon (Condition 1.15):

        Not Applicable

        Not Applicable

        Not Applicable

        Not Applicable

        Not Applicable

        Not Applicable

        Not Applicable

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

        column entitled "Coupon Valuation Dates"

    18. Averaging Dates: Not Applicable

    19. Coupon Observation Dates: Not Applicable

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

        column entitled "Interest Payment Dates"

    21. Coupon Barrier Event: Applicable

        • Coupon Observation Period Closing:

        • Coupon Observation Period Intra-Day:

          Not Applicable Not Applicable

          Coupon Valuation Date Closing: Applicable: (a) the Reference Item and (b) less than the Coupon Barrier Level

          • Relevant Performance: Not Applicable

          • Value (t): Not Applicable

    22. 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

    23. Coupon Observation Period: Not Applicable

    24. Specified Observation Date (Intra-Day Valuation):

        Not Applicable

    25. 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:

    INTEREST PAYMENT TABLE:

    The Index Linked Conditions are applicable. See paragraph 38 below

    t	Coupon Valuation Dates	Interest Payment Dates	Coupon Barrier Level
    1	26 February 2027	12 March 2027	Not Applicable
    2	30 August 2027	13 September 2027	100% x Initial Value
    3	29 February 2028	14 March 2028	100% x Initial Value
    4	29 August 2028	12 September 2028	100% x Initial Value
    5	28 February 2029	14 March 2029	100% x Initial Value
    6	29 August 2029	12 September 2029	100% x Initial Value
    7	28 February 2030	14 March 2030	100% x Initial Value
    8	29 August 2030	12 September 2030	100% x Initial Value
    9	28 February 2031	14 March 2031	100% x Initial Value
    10	29 August 2031	12 September 2031	100% x Initial Value
    11	27 February 2032	12 March 2032	100% x Initial Value
    12	30 August 2032	13 September 2032	100% x Initial Value
    13	28 February 2033	14 March 2033	100% x Initial Value
    14	29 August 2033 (the "Final Valuation Date")	The Maturity Date (for the avoidance of doubt, subject to postponement as set out in paragraph 11 above)	80% x Initial Value

25. Additional Interest Provisions: Not Applicable

26. Zero Coupon Note Provisions: Not Applicable

    PROVISIONS RELATING TO REDEMPTION

27. Call Option: Not Applicable

28. Put Option: Not Applicable

29. Bail-inable Notes - TLAC Disqualification Event Call Option:

30. Early Redemption Amount: Early Redemption Amount(s) of each Note: payable on redemption for taxation reasons, TLAC Disqualification Event Call Option or illegality or other early redemption in accordance with the Conditions (other than, for the avoidance of doubt, where paragraph 39 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:

    1. 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

    2. 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)

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

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

    1. Early Redemption Reference Item(s):

       Not Applicable

       Applicable

       The Index as specified below in paragraph 38

    2. 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

    3. Early Redemption Event 2: Not Applicable

    4. Early Redemption Event 3: Not Applicable

    5. Early Redemption Valuation Date: Each date set forth in the Early Redemption Table in the

       column entitled "Early Redemption Valuation Dates"

    6. Averaging Dates: Not Applicable

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

    column entitled "Early Redemption Dates"

33. Daily Observation Early Redemption Not Applicable

34. Automatic Redemption (Autocall) (Condition 1.2 of Chapter 3)

    Not Applicable

    EARLY REDEMPTION TABLE:

    t	Early Redemption Valuation Dates	Early Redemption Dates	Early Redemption Barrier
    1	26 February 2027	12 March 2027	Not Applicable
    2	30 August 2027	13 September 2027	100% x Initial Value
    3	29 February 2028	14 March 2028	100% x Initial Value
    4	29 August 2028	12 September 2028	100% x Initial Value
    5	28 February 2029	14 March 2029	100% x Initial Value
    6	29 August 2029	12 September 2029	100% x Initial Value
    7	28 February 2030	14 March 2030	100% x Initial Value
    8	29 August 2030	12 September 2030	100% x Initial Value
    9	28 February 2031	14 March 2031	100% x Initial Value
    10	29 August 2031	12 September 2031	100% x Initial Value
    11	27 February 2032	12 March 2032	100% x Initial Value
    12	30 August 2032	13 September 2032	100% x Initial Value
    13	28 February 2033	14 March 2033	100% x Initial Value

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

    Not Applicable

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

    Applicable

    1. Reference Item(s): The Index as specified below in paragraph 38

    2. 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 Index Linked Conditions are applicable. See paragraph 38

    3. Settlement Method Cash Settlement

    4. Redemption Condition (Condition 1.3 of Chapter 4)

       Redemption Amount 4 Cash Settlement (Condition 1.3(vii)) applies

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

    6. Averaging: Not Applicable

    7. Initial Value: As set forth in the Reference Item Table in the column entitled "Initial Value", being Tthe arithmetic average of the Closing Index Level of the Reference Item at the Scheduled Closing Time on each of the Strike Dates (as set out in paragraph 8 above), as determined by the Calculation Agent

    8. Final Value: Close observation is applicable

    9. Redemption Barrier: Not Applicable

    10. Cap: Not Applicable

    11. Upper Cap: Not Applicable

    12. Lower Cap: Not Applicable

    13. Floor: Not Applicable

    14. Barrier Event: Applicable, for the purposes of the definition of "Barrier Event" in Chapter 4 of Annex 2 (Redemption Features of Reference Item Linked Notes), less than Barrier Event Strike is applicable

        • Barrier Observation Period Closing:

          Not Applicable

        • Barrier Observation Period Intra-Day:

          Not Applicable

        • Barrier Reference Date Closing: Not Applicable

        • Barrier Reference Date: 29 August 2033

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

          entitled "Barrier Event Strike" corresponding to the Reference Item

    15. Barrier Observation Period: Not Applicable

    16. Observation Date (Closing Valuation):

        Not Applicable

    17. Observation Date (Intra-Day Valuation):

        Not Applicable

    18. Linear Feature Not Applicable

    19. PF1: Not Applicable

    20. Strike Price: Not Applicable

    21. Final Relevant Performance (FRP):

        Not Applicable

    22. Barrier Performance Event: Not Applicable

    23. Barrier Performance Observation Period:

        Not Applicable

    24. Observation Date (Closing Valuation):

        Not Applicable

    25. Observation Date (Intra-Day Valuation):

        Not Applicable

    26. Call Strike: Not Applicable

    27. Put Strike 60% x Initial Value

    28. Put Strike Multiplier Not Applicable

    29. Parity Multiplier Not Applicable

    30. Rebate Not Applicable

    31. Deliverable Reference Item Not Applicable

    32. Worst (Best) Reference Item: Not Applicable

    33. Gearing: Not Applicable

    34. Kick In/Out Event: Not Applicable

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

        Not Applicable

    36. Parity Rounded: Not Applicable

    37. Equity FX Conversion Not Applicable

    38. Lock-in Event: Not Applicable

    39. Lock-in Valuation Date: Not Applicable

    (xl) Lock-in Level: Not Applicable

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

    Not Applicable

    (xlii) Initial Basket Level: Not Applicable

    (xliii) Redemption Amount 4 Cash Settlement:

    For purposes of subparagraph (B)I. greater than or equal to is applicable

    For purposes of subparagraph (B)II. less than is applicable

    For purposes of the formula at the end of paragraph (B), the denominator applicable to the fraction is Initial Value

    PROVISIONS RELATING TO THE TYPE OF NOTES REFERENCE ITEM TABLE:

    Reference Item (Related Exchange)	Bloomberg / ISIN	Reference Currency	Index Sponsor	Initial Value	Barrier Event Strike (being the product of 60 per cent. and the Initial Value relating to such Underlying Index)
    Euro Stoxx 50 Index ("Eurex")	SX5E Index	EUR	STOXX Limited	EUR 6,408.230	EUR 3,844.938

37. Commodity Linked Notes: Not Applicable

38. Index Linked Notes: Applicable

    1. Whether the Notes relate to a basket of indices or a single index, the identity of the relevant Index/Indices and details of Index Sponsor(s):

       Single Index

       The Index and the Sponsor of the Index is as set forth in the Reference Item Table above

    2. Relevant provisions for determining the Final Redemption Amount:

       Redemption Amount 4 Cash Settlement (Condition 1.3(vii)) applies

    3. Calculation Agent responsible for making calculations pursuant to the Index Linked Conditions:

       Canadian Imperial Bank of Commerce (Toronto)

    4. Exchange(s): Eurex ("Eurex")

    5. Related Exchange(s): All Exchanges

    6. Redemption Amount: Calculated in accordance with paragraph 38(ii) above

    7. Valuation Date(s): As set forth in the second column of the Interest Payment

       Table

    8. Valuation Time: Index Linked Condition 3 (Adjustments to an Index) applies

    9. Strike Price: Not Applicable

    10. Multiplier for each Index comprising the basket:

        Not Applicable

    11. Correction of Index Levels: Applicable: The Reference Price shall be calculated

        without regard to any subsequently published correction.

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

    13. Additional Disruption Events: Applicable

    The following Additional Disruption Events apply to the Notes:

    Change in Law Hedging Disruption

    Increased Cost of Hedging

39. Equity Linked Notes: Not Applicable

40. FX Linked Notes: Not Applicable

41. Fund Linked Notes: Not Applicable

42. Inflation Linked Notes: Not Applicable

43. Bond Linked Notes: Not Applicable

44. Credit Linked Notes: Not Applicable

45. Physical Delivery Notes: Not Applicable

    GENERAL PROVISIONS APPLICABLE TO THE NOTES

46. 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

47. New Global Note: No

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

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

    Not Applicable No

50. Governing Law and Jurisdiction: English law

51. Unavailability of Currency: General Condition 6(e) is applicable

Signed on behalf of the Issuer:

By:

Duly authorized

PART B - OTHER INFORMATION

1. 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.

2. RATINGS

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

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

   Information about the past and future performance of the Euro Stoxx 50 Index and its volatility can be obtained from http://www.stoxx.com/index.html

4. 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.

5. YIELD

   Indication of yield: Not Applicable

6. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

   1. Reasons for the offer: As set out in the Prospectus

   2. Estimated net proceeds: EUR 30,000,000

   3. Estimated total expenses: EUR 2,650

7. HISTORIC INTEREST RATES Floating Rate Notes Only)

   Not Applicable

8. OPERATIONAL INFORMATION

   1. ISIN Code: XS3456246357

   2. Common Code: 345624635

   3. Valoren: 112287614

   4. 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

   5. 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

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

      Not Applicable

   7. Delivery: Delivery against payment

   8. Calculation Agent: Canadian Imperial Bank of Commerce, Toronto

   9. Paying Agent: Deutsche Bank AG, London Branch

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

       Not Applicable

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

       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.

   12. SIX Swiss Exchange Listing Information:

9. DISTRIBUTION

   Not Applicable

   1. Method of Distribution: Non-syndicated

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

      Not Applicable

   3. 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

   4. Stabilizing Manager(s) (if any):

      Not Applicable

   5. Total commission and concession:

10. THIRD PARTY INFORMATION

    Not Applicable

    The information included herein with respect to indices and/or formulas comprising, based on or referring to variations in the prices of one or more shares in companies, any other equity or non-equity securities, currencies or currency exchange rates, interest rates, credit risks, fund units, shares in investment companies, term deposits, life insurance contracts, loans, commodities or futures contracts on the same or any other underlying instrument(s) or asset(s) or the occurrence or not of certain events not linked to the Issuer or any other factors to which the Notes are linked (the "Underlyings") consists only of extracts from, or summaries of publicly available information. The Issuer accepts responsibility that such extracts or summaries have been accurately reproduced and that, so far as it is aware, and is able to ascertain from information published by the issuer, owner or sponsor, as the case may be, of such Underlyings, no facts have been omitted

    that would render the reproduced extracts or summaries inaccurate or misleading. No further or other responsibility in respect of such information is accepted by the Issuer. In particular, neither the Issuer nor any Dealer accepts responsibility in respect of the accuracy or completeness of the information set forth herein concerning the Underlyings of the Notes or that there has not occurred any event which would affect the accuracy or completeness of such information.

11. BENCHMARKS Not Applicable

12. GENERAL

    1. Additional Tax Considerations:

       Section 871(m) Internal Revenue Code: Not Applicable

    2. US Selling Restrictions: Reg. S Compliance Category 2

    3. Prohibition of Sales to EEA Retail Investors:

       Not Applicable

    4. Prohibition of Sales to UK Retail Investors:

       Not Applicable

    5. Prohibition of Sales to Belgian Consumers:

       Applicable

    6. Applicable TEFRA exemption: Excluded Issue

13. TERMS AND CONDITIONS OF THE PUBLIC OFFER

Non-exempt Offer: Not Applicable

Issue Specific Summary

• 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.

• The Issuer relies on third parties to provide certain key components of its business infrastructure: Third parties provide key components of the Issuer's business infrastructure such as Internet connections and network access and other voice or data communication services. Given the high volume of transactions the Issuer processes on a daily basis, certain errors may be repeated or compounded before they are discovered and successfully rectified. Despite any contingency plans the Issuer may have in place, the Issuer's ability to conduct business may be adversely impacted by a disruption in the infrastructure that supports the Issuer's businesses and the communities in which they are located.

• 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.

Returns on the Notes may not reflect the return an investor would realise if it actually owned the relevant assets comprising the components of the index or owned a different form of interest in the relevant index and in the same proportion as the weighting of such relevant assets in the index. For example, if the components of the indices are equity securities, Noteholders will not receive any dividends paid or distributions made on those equity securities and will not participate in the return on those dividends or distributions unless the relevant index takes dividends into account for

purposes of calculating the relevant level. Similarly, an investor in the Notes will not benefit from any voting rights or rights to receive cash dividends or other distributions or rights that it would have benefited in case of direct investment in the securities. Accordingly, holders of Notes may receive a lower payment on the redemption/settlement of such Notes than such holders would have received if they had invested in the components of the index directly or other comparable instruments linked to the index.

The Calculation Agent may determine that an event giving rise to a Disrupted Day (as defined in the Conditions) and/or an Additional Disruption Event has occurred at any relevant time. Any such determination may have an effect on the timing of valuation and consequently the value of the Notes and/or may delay any applicable payments or settlement.

If an Index Adjustment Event occurs, prospective purchasers should note that the Issuer may redeem the Notes early at the Early Redemption Amount specified in the Final Terms.

The Index Sponsor of any relevant Index can add, delete or substitute the assets comprised in the Index or amend in any other way the methodology of the Index. Investors should be aware that those decisions by the Index Sponsor may adversely affect the value of the Notes (for example, if the components of the indices are equity securities, if a newly added company performs significantly worse or better than the company it replaces). No Index Sponsor of any relevant Index has to consider interests of Noteholders in calculating and revising the Index.

The market price of such Notes may be volatile and may be affected by the time remaining to the redemption date and the volatility of the level of the index. The level of the index may be affected by the economic, financial and political events in one or more jurisdictions, including the stock exchange(s) or quotation system(s) on which any assets comprising the index or indices may be traded.

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.