Canadian Imperial Bank of Commerce : Publication of Final Terms SPUK 011

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"); and (ii) all channels for distribution of the Notes are appropriate, including investment advice, portfolio management, non-advised sales and pure execution services, subject to the suitability and appropriateness obligations of the Distributor (as defined below) under

COBS, 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 the FCA Handbook Product Intervention and Product Governance Sourcebook

(the "UK MiFIR Product Governance Rules") 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 COBS, as applicable.

PRIIPs Regulation - PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Notes are not

intended to be offered, sold or otherwise made available to, and should not be offered, sold or otherwise made available to, any retail investor in the European Economic Area ("EEA"). For these purposes, a "retail investor" means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer within the meaning of Directive (EU) 2016/97, as amended, where that customer would not qualify as a professional client as defined in point (10) of

Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129, as amended (the "Prospectus Regulation"). Consequently, no key information document required by

Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the

Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the

EEA may be unlawful under the PRIIPs Regulation.

Final Terms dated 26 March 2024

Canadian Imperial Bank of Commerce Branch of Account: Main Branch, Toronto

Legal Entity Identifier: 2IGI19DL77OX0HC3ZE78

Issue of Up to GBP 1,000,000 Index Linked Interest and Redemption Notes due May 2031 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 Base Prospectus dated January 26, 2024 which constitutes a base prospectus (the "Prospectus") for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA (the "UK Prospectus Regulation"). This document constitutes the Final Terms of the Notes described herein for the purposes of the UK Prospectus Regulation and must be read in conjunction with such Prospectus. 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. The Prospectus is 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 Winchester House, 1 Great Winchester Street, London EC2N 2DB.

ISIN: XS2793361788 Series Number: SPUK 011

1.

• (a) Series Number:

• (b) Tranche NumberSPUK 011 1

• (c) Date on which the Notes become fungible:

Not Applicable

2.

Specified Currency:

British Pounds Sterling ("GBP")

3.

Aggregate Nominal Amount:

• (a) Series:

  Up to GBP 1,000,000

• (b) Tranche:

Up to GBP 1,000,000

4.

Issue Price:

100.00 per cent. of the Aggregate Nominal Amount

5.

• (a) Specified Denominations:

  GBP 1,000

• (b) Minimum Trading Size:

  Applicable. The Minimum Trading Size is GBP 1,000 in aggregate nominal amount

• (c) Calculation Amount:

  GBP 1,000

  6.

• (a) Issue Date:

  15 May 2024

• (b) Trade Date:

  19 March 2024

• (c) Interest Commencement Date:

Issue Date

7.

Maturity Date:

8.

Type of Notes:

15 May 2031

Subject to any early redemption date.

• (a) Interest:

• (b) Redemption:

• (c) Bail-inable Notes:Index Linked Note

(Further particulars specified below in "PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE")

Index Linked Note

(Further particulars specified below in "PROVISIONS RELATING TO REDEMPTION")

No

9.

Date Board approval for issuance of Notes obtained:

Not Applicable

• 10. Method of distribution:

  Non-syndicated

• 11. Asset Conditions:

Index Linked Asset Conditions applicable in accordance with Annex 1

PROVISIONS RELTING TO INTEREST (IF ANY) PAYABLE

• 12. Fixed Rate Note:

• 13. Floating Rate Note:

• 14. Linked Interest Note:

Not Applicable
Applicable
Applicable - Index Linked Note
(See paragraph "PROVISIONS RELATING TO THE
UNDERLYING(s) IF ANY" for further information in relation to the
Underlying Asset)
(a)	Applicable to:	All Interest Accrual Periods
(b)	Interest Payment Date(s):	Each date set forth in the Interest Payment Table in the column
entitled "Interest Payment Date(s)"
(c)	Interest Period Date(s):	Not Applicable
(d)	Interest Determination Date(s):	Each date set forth in the Interest Payment Table in the column
entitled "Interest Valuation Date(s)"
(e)	Business Day Convention for	Not Applicable
the purposes of adjustment of
"Interest Accrual Periods" in
accordance sub-paragraph (h)
below:
(f)	Additional Business Centres:	Not Applicable
(g)	Day Count Fraction:	Not Applicable
(h)	Interest Accrual Periods:	Not Applicable
(i)	Determination Date(s):	Not Applicable
(j)	Calculation Agent responsible	Canadian Imperial Bank of Commerce, Toronto
for calculating the Linked
Interest Rate and the Interest
Amount:
(k)	Interest Payoff:	Applicable
(i) Interest Payoff Condition:	Phoenix Without Memory
(ii) Coupon Barrier Event:	Greater than or equal to applies
- Calculation Amount (CA):	GBP 1,000
- Interest Rate	1.75 per cent.
- Interest Valuation Date(s):	Each date set forth in the Interest Payment Table in the column
entitled "Interest Valuation Date(s)"

Interest Payment Table:

t:	Coupon Barrier Level:	Interest Valuation Date(s):	Interest Payment Date(s):
1	80%	30 July 2024	13 August 2024
2	80%	30 October 2024	13 November 2024
3	80%	30 January 2025	13 February 2025
4	80%	30 April 2025	15 May 2025
5	80%	30 July 2025	13 August 2025
6	80%	30 October 2025	13 November 2025
7	80%	30 January 2026	13 February 2026
8	80%	30 April 2026	15 May 2026
9	80%	30 July 2026	13 August 2026
10	80%	30 October 2026	13 November 2026
11	80%	1 February 2027	15 February 2027
12	80%	30 April 2027	17 May 2027
13	80%	30 July 2027	13 August 2027
14	80%	1 November 2027	15 November 2027
15	80%	31 January 2028	14 February 2028
16	80%	2 May 2028	16 May 2028
17	80%	31 July 2028	14 August 2028
18	80%	30 October 2028	13 November 2028
19	80%	30 January 2029	13 February 2029
20	80%	30 April 2029	15 May 2029
21	80%	30 July 2029	13 August 2029
22	80%	30 October 2029	13 November 2029
23	80%	30 January 2030	13 February 2030
24	80%	30 April 2030	15 May 2030
25	80%	30 July 2030	13 August 2030
26	80%	30 October 2030	13 November 2030
27	80%	30 January 2031	13 February 2031
28	80%	30 April 2031	15 May 2031

PROVISIONS RELATING TO REDEMPTION

• 15. Redemption Determination Date(s):

• 16. Call Option:

  For the purposes of determining the Final Redemption Amount, the Final Valuation Date

  For the purposes of determining an Early Redemption Amount, the relevant Early Redemption Observation Date

  Not Applicable

• 17. Put Option:

  Not Applicable

• 18. Bail-inable Notes - TLAC Disqualification Event Call Option:

  Not Applicable

• 19. Early Redemption Amount:

  Early Redemption Amount(s) of each

  Note: payable on redemption for tax

  reasons, on Event of Default or Illegality

  and Force Majeure or other early

  redemption in accordance with the

  Conditions

  • (a) Hedge Amount

    Fair Market Redemption Amount calculated in accordance with General Condition 5.4. For the purposes hereof the provision "The Fair Market Value Redemption Amount specified above shall be determined taking into account any amounts in respect of accrued but unpaid interest, and accordingly no other amount of" shall be deemed to be deleted from General Condition 5.4(a) and replaced with "No amount of".

    Not Applicable

  • (b) Fair Market Value Redemption Amount Percentage:

  Not Applicable

• 20. Automatic (Autocall) Early Redemption for the purposes of General Condition 5.2 and Automatic Early Redemption Conditions (Annex 3):

Applicable

• - Performance ER

  For the purposes of Performance ER in the definition of Automatic Early Redemption Event, greater than or equal to applies.

• - Early Redemption Amount:Determined in accordance with Barrier Reverse Convertible

• - Redemption Unwind Costs:

  Not Applicable

• - Reference Price Percentage:

  Not Applicable

• - Early Redemption Barrier (ERB):

  As specified in the Early Redemption Table in the column entitled "Early Redemption Barrier (ERB))"

• - Early Redemption Date(s):Each date set forth in the Early Redemption Table in the column entitled "Early Redemption Date(s)"

• - Early Redemption Observation Date(s):Each date set forth in the Early Redemption Table in the column entitled "Early Redemption Observation Date(s) / Valuation Date(s)"

• - Early Redemption Observation Period:Not Applicable

• - Initial Price:

  Official closing price of the Underlying Asset on the Strike Date (as specified in Paragraph 22)

• - Relevant Timing:

  On each Early Redemption Observation Date

• - Underlying Performance Type:

  Single Asset

• - Valuation Date(s):

  Each date set forth in the Early Redemption Table in the column entitled "Early Redemption Observation Date(s) / Valuation Date(s)"

• - Valuation Price:

Early Redemption Table:

Official closing price of the Underlying Asset on the Valuation Date

t:	Early Redemption Barrier (ERB):	Early Redemption Observation Date(s) / Valuation Date(s):	Early Redemption Date(s):
1	100%	30 April 2026	15 May 2026
2	100%	30 April 2027	17 May 2027
3	100%	2 May 2028	16 May 2028
4	100%	30 April 2029	15 May 2029
5	100%	30 April 2030	15 May 2030

21.

Final Redemption Amount for the purposes of General Condition 5.1 (Final Redemption) determined in accordance with:

Applicable

(a)Redemption Payoff:

• (i-) Final Redemption Percentage:

  Determined in accordance with Barrier Reverse Convertible 100 per cent.

• (i-i) Redemption Unwind Costs:

  Not Applicable

• (i-ii) Reference Price Percentage:

  Not Applicable

• (i-v) Initial Price:

Official closing price of the Underlying Asset on the Strike Date (as specified in Paragraph 22)

(v- )Strike Price:

Not Applicable

(v- i)

Kick-in Event:

In the definition of Kick-in Event, less than applies

(v- ii) Kick-in Level:

The product of (a) 65% per cent. and (b) the Initial Price of the Underlying Asset

(v- iii) PL ("Protection Level"):Not Applicable

(b)	(ixE) arly Redemption Level:	Not Applicable
(c)	(i)Fair Market Value	Not Applicable
Redemption Amount:

PROVISIONS RELATING TO THE UNDERLYING(S) IF ANY

22.

(a)

Index Linked Interest and Redemption Note: Applicable in accordance
with Annex 1, Chapter 1
(i)	Applicable
-	Interest Payoff Condition: Phoenix without Memory
Redemption Payoff: Barrier Reverse Convertible
Automatic (Autocall) Early Redemption
-	FTSE® 100 Index
-	London Stock Exchange
-	Applicable
-	FTSE International Limited
-	All Exchanges
-	Closing
-	UKX Index
-	Official closing price of the Underlying Asset on the Strike Date.
-	30 April 2024
(ii)	Basket:	Not Applicable
(iii)	Additional Disruption	The following Additional Disruption Events apply to the Notes:
Event:
Change in Law
Hedging Disruption
Increased Cost of Hedging
Dividend Disruption
(iv)	Other Events:	Not Applicable
(v)	Correction of Index Levels:	Applicable The Reference Price shall be calculated without regard to
any subsequently published correction
(vi)	Correction Cut-Off Date:	2 Business Days prior to the Maturity Date
(vii)	Observation Date(s):	As per the definition in Index Linked Asset Condition 2

Index Linked Note:

Single Underlying:Applicable for the purposes of:Index:

Exchange:

Multiple Exchange:

Index Sponsor:

Related Exchange:

Valuation Time:

Bloomberg Ticker:

Initial Level:

Strike Date:

(viii) Observation Period:	Not Applicable
(ix) Averaging Date Disruption:	Not Applicable
(x) Maximum Days of	8 Scheduled Trading Days
Disruption:
(xi) Payment Extension Days:	2 Payment Business Days
(xii) Clearance System:	As per the definition in Index Linked Asset Condition 2
(xiii) Multiplier:	Not Applicable
(b)	Equity Linked Note:	Not Applicable
(c)	Fund Linked Note:	Not Applicable
(d)	Preference Share Linked Note:	Not Applicable
(e)	Delivery:	Cash Settlement

GENERAL PROVISIONS APPLICABLE TO THE NOTES

23.

• (a) Form:

• (b) Notes in New Global Note form

Registered Form:

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

No

• 24. Business Day Convention for the purposes of "Payment Business Day" election in accordance with General Condition 6.6 (Payment Business Day):

  Following Business Day Convention

• 25. Additional Financial Centre(s):

  Toronto

• 26. Additional Business Centre(s):

  Not Applicable

• 27. Talons for future Coupons or Receipts to be attached to Definitive Bearer Notes and dates on which such Talons mature:

  No

• 28. Redenomination (for the purposes of General Condition 11):

Not Applicable

29.

• (a) Calculation Agent:

  30.

• (a) Governing Law

  Canadian Imperial Bank of Commerce, Toronto

  81 Bay Street, CIBC Square, Toronto, Ontario M5J 0E7, Canada

  English Law

  31.

• (a) Relevant Index Benchmark:

  As per the definition in Index Linked Asset Condition 2

• (b) Specified Public Source:

As per the definition in the Definitions Condition

9
(c) Impacted Index:	Not Applicable
(d) Close of Business:	Not Applicable
THIRD PARTY INFORMATION

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 "Underlying") 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 Underlying, 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 Underlying of the Notes or that there has not occurred any event which would affect the accuracy or completeness of such information.

Signed on behalf of the Issuer:

By:

Duly authorized

By:

Duly authorized

10

PART B - OTHER INFORMATION

1.

LISTING AND ADMISSION TO TRADING

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 trading on the London Stock Exchange's main market with effect from the Issue date and to be listed on the Official List of the FCA.

2.

RATINGS:

Ratings:

The Notes to be issued have not been rated.

3.

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

4S. ave as discussed in "Subscription and Sale" in the Base Prospectus and save for any fees payable to the Initial Authorised Offeror in connection with the issue of Notes, 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.

REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

• (a) Reasons for the offer:

  See the "Use of Proceeds" section of the Base Prospectus.

• (b) Estimated net proceeds:

An amount equal to 98.95 per cent. of the final Aggregate Principal Amount of the Notes issued on the Issue Date. For the avoidance of doubt, the estimated net proceeds reflect the proceeds to be received by the Issuer on the Issue Date. They are not a reflection of the fees payable by/to the Dealer and/or the Authorised Offeror.

(c) Estimated total expenses:

GBP 975 (listing fee)

6.

YIELD

Indication of yield:

Not Applicable

7.

PERFORMANCE OF RATES

Not Applicable

8.

PERFORMANCE OF UNDERLYING AND OTHER INFORMATION CONCERNING THE UNDERLYING

(a)	Underlying:	FTSE® 100 Index (Bloomberg Ticker: UKX Index)
(b)	Where past and future performance and	The performance of the Notes is linked to the performance
volatility of the Underlying can be obtained	of the FTSE® 100 Index. Information about the past and
from, free of charge::	future performance of the FTSE® 100 Index and its volatility
can be obtained from, free of charge:
http://www.ftse.com/products/indices/uk

Post-issuance information

The Issuer does not intend to publish post-issuance information in relation to any underlying element to which the Notes are linked.