New Issue: CIBC prices $762,000 market-linked securities on S&P 500

Chicago, March 13 – Canadian Imperial Bank of Commerce priced $762,000 of market-linked securities – autocallable with contingent coupon and contingent downside due Nov. 25, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be pay a 6.3% contingent coupon quarterly if the index closes above 60% of its initial level on a related observation date.

The notes will be called at par if the index closes above its starting level on any quarterly observation date starting after six months.

The payout at maturity will be par if the index closes above its 60% downside threshold level. Otherwise, investors will be fully exposed to the losses of the index.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities – autocallable with contingent coupon and contingent downside
Underlying index:	S&P 500 index
Amount:	$762,000
Maturity:	Nov. 25, 2025
Coupon:	6.3% annual rate, payable quarterly if index closes above downside threshold level on related observation date
Price:	Par
Payout at maturity:	Par if index closes above downside threshold level; otherwise, full exposure to losses of index
Call:	At par if index closes above starting level on any quarterly observation date after six months
Initial index level:	3,901.36
Downside threshold level:	2,340.816, 60% of initial level
Pricing date:	May 20, 2022
Settlement date:	May 26, 2022
Agent:	Wells Fargo Securities, LLC
Fees:	1.625%
Cusip:	13607X7B7

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