CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ files 424B5

Canadian Imperial Bank of Commerce is offering Accelerated Return Notes (ARNs) which are unsecured debt securities. The return on these notes is linked to the performance of an underlying stock or basket of stocks, with potential for amplified gains up to a cap, but also exposure to 1-to-1 downside risk, meaning investors can lose some or all of their principal.