CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (CM) Form 424B3 — Aug 14, 2026
Canadian Imperial Bank of Commerce filed Amendment No. 1 to a preliminary pricing supplement (424B3) for Contingent Income Auto-Callable Securities due August 24, 2029, structured notes linked to the common stock of Bank of America Corporation. The notes carry a $1,000 stated principal amount and issue price, with pricing set for August 21, 2026 and issue on August 27, 2026. The notes pay a contingent quarterly coupon at an annual rate of at least 10.71% (about $26.775 per quarter per $1,000 security) only when BAC closes at or above 80% of the initial share price on quarterly determination dates.
Key figures
- Maturity Date
- August 24, 2029
- Offering Price
- $1,000 per security
- Cusip
- 13609FML5
- Pricing date
- August 21, 2026
- Downside threshold
- 80.00% of Initial Share Price
- Original issue date
- August 27, 2026
- Agent fee cibcwm per security
- $22.50
- Bac closing price aug 11 2026
- $64.00
- Proceeds to issuer per security
- $977.50
- Stated principal amount per security
- $1,000
- Minimum contingent coupon annual rate
- at least 10.71% (to be determined on Pricing Date)
- Minimum quarterly coupon per security
- $26.775
- Estimated initial value range per security
- $950.00 to $970.00
- Structuring fee morgan stanley wealth management per security
- $5.00
- Sales commission morgan stanley wealth management per security
- $17.50
AI analysis
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