Form 424B2 - Prospectus [Rule 424(b)(2)]
December 06 2024 - 12:08PM
Edgar (US Regulatory)
Supplement dated December 4, 2024
to Pricing Supplement dated September 26, 2024,
Product Supplement EQUITY ARN-1 dated September 5, 2023,
Prospectus Supplement dated September 5, 2023 and Prospectus dated September 5,
2023 (together, the “Note Prospectus”) |
|
Filed pursuant to Rule 424(b)(2)
Registration Statement No. 333-272447 |
Canadian Imperial Bank of Commerce
Accelerated Return
Notes® Linked to
a Domestic Equity
Index Basket due on September 25, 2026
CUSIP: 13608R141
(the “notes”)
This document (the “supplement”) supplements the Note Prospectus
in connection with any secondary market transactions in the notes by us, the agent or any of our respective affiliates. Certain terms
used but not defined in this supplement have the meanings set forth in the Note Prospectus.
The Starting Value for the notes was defined in the final pricing supplement
dated September 26, 2024 (the “Final Pricing Supplement”) as the lowest value of the Basket on any of the ten Starting Value
Determination Dates. The Starting Value Determination Dates are September 26, 2024, October 3, 2024, October 10, 2024, October 17, 2024,
October 24, 2024, October 31, 2024, November 7, 2024, November 14, 2024, November 21, 2024 and November 27, 2024, each subject to postponement
in the event of Market Disruption Events.
The determination period for the Starting Value expired on November
27, 2024. The lowest value of the Basket during those Starting Value Determination Dates was 98.93 on October 3, 2024, rounded to two
decimal places.
Therefore, the Starting Value for the notes is 98.93.
Documentation
You should read this supplement, together with the documents listed
below, which together contain the terms of the notes and supersede all prior or contemporaneous oral statements as well as any other written
materials. You should carefully consider, among other things, the matters set forth in “Risk Factors” beginning on page TS-6
of the Final Pricing Supplement, and “Risk Factors” beginning on page PS-6 of the product supplement, page S-1 of
the prospectus supplement and page 1 of the prospectus, as the notes involve risks not associated with conventional debt securities.
We urge you to consult your investment, legal, tax, accounting, and other advisors before you invest in the notes.
You may access these documents on the Securities and Exchange Commission
(“SEC”) website at www.sec.gov as follows (or if such address has changed, by reviewing our filings for the relevant date
on the SEC website):
Our Central Index Key, or CIK, on the SEC website is 1045520. Unless
otherwise indicated or unless the context requires otherwise, all references in this supplement to “we,” “us,”
“our,” or similar references are to Canadian Imperial Bank of Commerce.
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