This document provides a summary of the terms of the Trigger PLUS. Investors must carefully review the accompanying preliminary pricing supplement referenced below, underlying supplement and prospectus, and the “Risk Considerations” on the following page, prior to making an investment decision.

SUMMARY TERMS
Issuer:	Canadian Imperial Bank of Commerce
Underlying Index:	The S&P 500^® Index (Bloomberg symbol: SPX)
Stated Principal Amount:	$1,000.00 per Trigger PLUS
Issue Price:	$1,000.00 per Trigger PLUS
Pricing Date:	May 15, 2024
Original Issue Date:	May 20, 2024 (3 Business Days after the Pricing Date)
Valuation Date:	May 31, 2030, subject to postponement for non-Trading Days and certain Market Disruption Events
Maturity Date:	June 5, 2030
Payment at Maturity per Trigger PLUS:	If the Final Index Value is greater than the Initial Index Value: $1,000.00 + Leveraged Upside Payment If the Final Index Value is less than or equal to the Initial Index Value but is greater than or equal to the Trigger Level: $1,000 If the Final Index Value is less than the Trigger Level: $1,000 × Index Performance Factor Under these circumstances, the Payment at Maturity will be less than the Stated Principal Amount of $1,000 and will represent a loss of more than 25%, and possibly all, of your investment.
Leveraged Upside Payment:	$1,000.00 × Leverage Factor × Index Percent Increase
Leverage Factor:	113.00%
Trigger Level:	75% of the Initial Index Value
Index Percent Increase:	(Final Index Value – Initial Index Value) / Initial Index Value
Index Performance Factor:	Final Index Value / Initial Index Value
Initial Index Value:	The Closing Level of the Underlying Index on the Pricing Date
Final Index Value:	The Closing Level of the Underlying Index on the Valuation Date
CUSIP/ISIN:	13607XRY5 / US13607XRY57
Initial Estimated Value:	Between $914.60 and $934.60 per Trigger PLUS, which is expected to be less than the price to public
Preliminary Terms:	https://www.sec.gov/Archives/edgar/data/1045520/000110465924054830/tm2410217d48_424b2.htm

Hypothetical Payout at Maturity

Percentage Change in Underlying Index	Return on Trigger PLUS
50.00%	56.50%
40.00%	45.20%
30.00%	33.90%
20.00%	22.60%
10.00%	11.30%
0.00%	0.00%
-5.00%	0.00%
-10.00%	0.00%
-15.00%	0.00%
-20.00%	0.00%
-25.00%	0.00%
-30.00%	-30.00%
-40.00%	-40.00%
-60.00%	-60.00%
-80.00%	-80.00%
-100.00%	-100.00%

We have filed a registration statement (including an underlying supplement, a prospectus supplement and a prospectus) with the SEC for the offering to which this document relates. Before you invest, you should read these documents and other documents that we have filed with the SEC for more complete information about us and this offering. You may get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, we, any agent or any dealer participating in this offering will arrange to send you these documents if you so request by calling toll-free at 1-833-931-0275.

For more information about the Underlying Index, including historical performance information, see the accompanying preliminary pricing supplement.

The risks set forth below are discussed in more detail in the “Risk Factors” section in the accompanying preliminary pricing supplement. Please review those risk factors carefully prior to making an investment decision.

You should review carefully the discussion in “Additional Information About the Trigger PLUS — United States Federal Income Tax Considerations” and “— Certain Canadian Federal Income Tax Considerations” in the accompanying pricing supplement, “Material U.S. Federal Income Tax Consequences” in the underlying supplement and “Material Income Tax Consequences—Canadian Taxation” in the prospectus concerning the U.S. and the Canadian federal income tax consequences of an investment in the Trigger PLUS, and you should consult your tax adviser.