Traction Uranium Corp. — Capital/Financing Update 2026

Apr 6, 2026

CIBC

CIBC MICRON TECHNOLOGY, INC.

AUTOCALLABLE COUPON NOTES, SERIES 36

Principal At Risk Notes – Due April 17, 2029

Dated April 6, 2026

A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces and territories of Canada. A copy of the final base shelf prospectus, any amendment to the final base shelf prospectus and any applicable shelf prospectus supplement that has been filed, is required to be delivered with this document. This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the final base shelf prospectus, any amendment and any applicable shelf prospectus supplement for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision.

Linked to Micron Technology, Inc.	1.84% Monthly Contingent Coupon Payments (22.08% per annum)	Quarterly Autocall Feature (starting in October 2026)	40.00% Contingent Principal Protection

Investment Highlights

Currency

CAD Denominated.

Reference Share

The shares of Micron Technology, Inc. listed on the Nasdaq (Nasdaq: MU).

Cash Flow

The Notes offer the opportunity to obtain monthly Coupon Payments equal to the Coupon Amount of $1.84 per Note if the Reference Share Return on the immediately preceding Valuation Date is greater than or equal to -40.00%.

Call Feature

The Notes will be automatically called by CIBC on a Call Date if the Reference Share Return on the Valuation Date immediately preceding such Call Date is greater than or equal to 0.00%.

Contingent Principal Protection

If the Notes are not automatically called by CIBC and if the Reference Share Return at maturity is negative, the Notes provide principal protection at maturity if the Reference Share Return is greater than or equal to -40.00% on the final Valuation Date. If, however, the Reference Share Return is less than -40.00% on the final Valuation Date, Investors will receive less than the Principal Amount at maturity, subject to a minimum payment of $1.00 per Note.

Term	Available Until	Issue Date	Maturity Date (if not called)	Minimum Investment	How to Buy
3 Years	April 13, 2026	April 17, 2026	April 17, 2029	$5,000	Wood Gundy: SyndNET
Third Party: Fundserv CBL22459
British Columbia:		416 594-7663	Prairies:	416 594-8046	Atlantic Canada: 416 594-8099
Ontario:		416 956-6787	Québec:	514 847-6485	Fundserv Client Services: 866 474-0142

Investors will not have any right to receive any dividends or other distributions on the Reference Share. The annual dividend yield of the Reference Share was 0.17% for the 12 months ended March 27, 2026, which would represent aggregate dividends of 0.51% over the three year term of the Notes, assuming the dividend yield remains consistent and the dividends are not reinvested.

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36 | 1

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Hypothetical Examples

The following hypothetical examples show how the Coupon Payments and the Maturity Amount would be calculated under three different scenarios. These examples are for illustrative purposes only and should not be construed as an estimate or forecast of the performance of the Reference Share at any time during the term of the Notes or the return that may be paid on the Notes. The actual performance of the Reference Share will be different from these hypothetical examples and the differences may be material.

Hypothetical Scenario #1 with no Coupon Payments payable and the Notes are not called prior to maturity

In this hypothetical scenario, the Reference Share Return was less than -40.00% on each Valuation Date. Accordingly, the Notes were not automatically called by CIBC prior to maturity and Investors would not be entitled to receive a Coupon Payment on any of the Coupon Payment Dates. The Variable Amount at maturity will be -$53.00 per Note, calculated as the product of $100.00 x -53.00%, as the Reference Share Return is less than -40.00% on the final Valuation Date. In this example the total cumulative return is -53.00% (which is equal to an annual compounded return of -22.25%).

Monthly Valuation Date	Reference Share Return	Coupon Payment
1	-54.00%	$0.00
2	-43.00%	$0.00
3	-59.00%	$0.00
4	-46.00%	$0.00
5	-44.00%	$0.00
6	-45.00%	$0.00
7	-44.00%	$0.00
8	-44.00%	$0.00
9	-60.00%	$0.00
10	-53.00%	$0.00
11	-57.00%	$0.00
12	-46.00%	$0.00
13	-55.00%	$0.00
14	-52.00%	$0.00
15	-60.00%	$0.00
16	-58.00%	$0.00
17	-47.00%	$0.00
18	-47.00%	$0.00
19	-48.00%	$0.00
20	-50.00%	$0.00
21	-45.00%	$0.00
22	-45.00%	$0.00
23	-48.00%	$0.00
24	-49.00%	$0.00
25	-47.00%	$0.00
26	-53.00%	$0.00

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36

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Monthly Valuation Date	Reference Share Return	Coupon Payment
27	-60.00%	$0.00
28	-59.00%	$0.00
29	-53.00%	$0.00
30	-56.00%	$0.00
31	-59.00%	$0.00
32	-44.00%	$0.00
33	-55.00%	$0.00
34	-54.00%	$0.00
35	-52.00%	$0.00
36	-53.00%	$0.00

Total Coupon Payments: $0.00

Variable Amount: $100.00 x -53.00% = -$53.00

Maturity Amount: $47.00

Annual Compounded Return: -22.25%

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36

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Hypothetical Scenario #2 with Coupon Payments payable on nineteen Coupon Payment Dates and the Notes are not called prior to maturity

In this hypothetical scenario, the Reference Share Return was below 0.00% on each Valuation Date and the Reference Share Return was less than -40.00% on seventeen Valuation Dates. Accordingly, the Notes were not automatically called by CIBC prior to maturity and Investors would be entitled to receive Coupon Payments on nineteen Coupon Payment Dates (aggregate Coupon Payments of $34.96 over the term of the Notes). The Variable Amount at maturity will be equal to $0.00 per Note, calculated as the product of $100.00 x 0.00%, as the Reference Share Return was greater than or equal to -40.00% on the final Valuation Date. In this example the total cumulative return is 34.96% (which is equal to an annual compounded return of 10.51%).

Monthly Valuation Date	Reference Share Return	Coupon Payment
1	-48.00%	$0.00
2	-45.00%	$0.00
3	-49.00%	$0.00
4	-52.00%	$0.00
5	-48.00%	$0.00
6	-43.00%	$0.00
7	-52.00%	$0.00
8	-50.00%	$0.00
9	-54.00%	$0.00
10	-43.00%	$0.00
11	-58.00%	$0.00
12	-44.00%	$0.00
13	-53.00%	$0.00
14	-43.00%	$0.00
15	-58.00%	$0.00
16	-59.00%	$0.00
17	-46.00%	$0.00
18	-38.00%	$1.84
19	-37.00%	$1.84
20	-36.00%	$1.84
21	-37.00%	$1.84
22	-38.00%	$1.84
23	-34.00%	$1.84
24	-30.00%	$1.84
25	-37.00%	$1.84
26	-37.00%	$1.84
27	-30.00%	$1.84
28	-31.00%	$1.84
29	-30.00%	$1.84
30	-30.00%	$1.84

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36 | 4

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Monthly Valuation Date	Reference Share Return	Coupon Payment
31	-35.00%	$1.84
32	-30.00%	$1.84
33	-36.00%	$1.84
34	-30.00%	$1.84
35	-35.00%	$1.84
36	-35.00%	$1.84

Total Coupon Payments: $34.96
Variable Amount: $0.00
Maturity Amount: $100.00
Annual Compounded Return: 10.51%

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36 | 5

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Hypothetical Scenario #3 with Coupon Payments payable on thirty Coupon Payment Dates and the Notes are called prior to maturity

In this hypothetical scenario, the Reference Share Return was greater than or equal to 0.00% on the thirtieth Valuation Date and the Reference Share Return was greater than or equal to -40.00% on thirty Valuation Dates. Accordingly, the Notes were automatically called by CIBC on the related Call Date following the thirtieth Valuation Date and Investors would be entitled to receive Coupon Payments on thirty Coupon Payment Dates (aggregate Coupon Payments of $55.20 over the term of the Notes). Since the Reference Share Return on the thirtieth Valuation Date was greater than or equal to 0.00%, the Notes will be called prior to maturity and the Variable Amount will be equal to $0.00 per Note, calculated as the product of $100.00 x 0.00%. In this example the total cumulative return is 55.20% (which is equal to an annual compounded return of 19.22%).

Monthly Valuation Date	Reference Share Return	Coupon Payment
1	-32.00%	$1.84
2	-31.00%	$1.84
3	-30.00%	$1.84
4	-37.00%	$1.84
5	-33.00%	$1.84
6	-30.00%	$1.84
7	-32.00%	$1.84
8	-34.00%	$1.84
9	-38.00%	$1.84
10	-35.00%	$1.84
11	-32.00%	$1.84
12	-38.00%	$1.84
13	-35.00%	$1.84
14	-33.00%	$1.84
15	-36.00%	$1.84
16	-30.00%	$1.84
17	-33.00%	$1.84
18	-33.00%	$1.84
19	-36.00%	$1.84
20	-34.00%	$1.84
21	-37.00%	$1.84
22	-35.00%	$1.84
23	-30.00%	$1.84
24	-36.00%	$1.84
25	-30.00%	$1.84
26	-31.00%	$1.84
27	-35.00%	$1.84
28	-33.00%	$1.84
29	-38.00%	$1.84
30	2.00%	$1.84

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36

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Total Coupon Payments: $55.20
Variable Amount: $0.00
Maturity Amount: $100.00
Annual Compounded Return: 19.22%

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36 | 7

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Investment Details

Issuer

Canadian Imperial Bank of Commerce ("CIBC").

Principal Amount

$100.00 (Par) per Note.

Issue Size

Maximum $50,000,000 (500,000 Notes).

Minimum Subscription

$5,000 (50 Notes).

Reference Share

The shares of Micron Technology, Inc. listed on the Nasdaq (Nasdaq: MU).

Issue Date

April 17, 2026

Maturity Date / Term

April 17, 2029 (3 years), provided that if such date is not a Business Day then the Maturity Date will be the immediately following Business Day, subject to the Notes being automatically called by CIBC on any Call Date and subject to the occurrence of a Market Disruption Event.

Coupon Payment Dates, Valuation Dates and Call Dates

Based on an Issue Date of April 17, 2026, the Coupon Payment Dates, Valuation Dates and Call Dates are as follows:

Valuation Dates	Coupon Payment Dates	Call Dates
May 11, 2026	May 19, 2026	-
June 10, 2026	June 17, 2026	-
July 10, 2026	July 17, 2026	-
August 10, 2026	August 17, 2026	-
September 10, 2026	September 17, 2026	-
October 9, 2026	October 19, 2026	October 19, 2026
November 9, 2026	November 17, 2026	-
December 10, 2026	December 17, 2026	-
January 11, 2027	January 18, 2027	January 18, 2027
February 9, 2027	February 17, 2027	-
March 10, 2027	March 17, 2027	-
April 12, 2027	April 19, 2027	April 19, 2027
May 10, 2027	May 17, 2027	-

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36 | 8

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Valuation Dates	Coupon Payment Dates	Call Dates
June 10, 2027	June 17, 2027	-
July 12, 2027	July 19, 2027	July 19, 2027
August 10, 2027	August 17, 2027	-
September 10, 2027	September 17, 2027	-
October 8, 2027	October 18, 2027	October 18, 2027
November 9, 2027	November 17, 2027	-
December 10, 2027	December 17, 2027	-
January 10, 2028	January 17, 2028	January 17, 2028
February 10, 2028	February 17, 2028	-
March 10, 2028	March 17, 2028	-
April 7, 2028	April 17, 2028	April 17, 2028
May 10, 2028	May 17, 2028	-
June 12, 2028	June 19, 2028	-
July 10, 2028	July 17, 2028	July 17, 2028
August 10, 2028	August 17, 2028	-
September 11, 2028	September 18, 2028	-
October 10, 2028	October 17, 2028	October 17, 2028
November 9, 2028	November 17, 2028	-
December 11, 2028	December 18, 2028	-
January 9, 2029	January 17, 2029	January 17, 2029
February 12, 2029	February 20, 2029	-
March 12, 2029	March 19, 2029	-
April 10, 2029	April 17, 2029	-

Provided that (i) if any such Coupon Payment Date is not a Business Day, then the Coupon Payment Date will be the next Business Day, subject to the occurrence of a Market Disruption Event; (ii) if the Issue Date is postponed, each Call Date will be postponed by an equivalent number of days, and provided further that if any such Call Date is not both a Business Day and at least five Business Days following the applicable Valuation Date, the applicable Call Date will be postponed until the next Business Day that is at least five Business Days following the immediately preceding Valuation Date, in each case subject to the occurrence of a Market Disruption Event; and (iii) if any such Valuation Date is not an Exchange Day, then the applicable Valuation Date will be the immediately following Exchange Day, subject to the occurrence of a Market Disruption Event.

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36

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Coupon Payments

On each monthly Coupon Payment Date during the term of the Notes, Investors will be eligible to receive a Coupon Payment equal to $1.84 per Note (the "Coupon Amount"). Coupon Payments will be determined as follows:

• if the Reference Share Return on the immediately preceding Valuation Date is greater than or equal to -40.00%, the Coupon Payment will equal the Coupon Amount; and
• if the Reference Share Return on the immediately preceding Valuation Date is less than -40.00%, the Coupon Payment will be $0.00 per Note.

The total Coupon Payments payable to Investors over the term of the Notes will not exceed $66.24 per Note (based on $1.84 per Note payable on each Coupon Payment Date). No Coupon Payments will be paid on a Coupon Payment Date if the Reference Share Return on the immediately preceding Valuation Date is less than -40.00% or if the Notes have been automatically called by CIBC on a preceding Call Date. There is no guarantee that any Coupon Payments will be paid during the term of the Notes.

Call Feature

The Notes will be automatically called by CIBC on a Call Date if the Reference Share Return on the Valuation Date immediately preceding such Call Date is greater than or equal to 0.00%.

Reference Share Return

The Reference Share Return will be a number (positive or negative), expressed as a percentage, determined as follows:

(Share PriceVD – Share PriceID) / Share PriceID,

where:

• the "Share PriceVD" will be the Closing Price on the applicable Valuation Date; and
• the "Share PriceID" will be the Closing Price on the Issue Date, provided that if the Issue Date is not an Exchange Day, the Share PriceID shall be determined on the next following Exchange Day (in which case references to the Closing Price on the Issue Date shall be deemed to refer to the Closing Price on such next following Exchange Day),

subject in each case to the provisions set out under "Market Disruption Events, Adjustments and Substitutions and Extraordinary Events" in the Prospectus.

Maturity Amount

Investors will be entitled to receive on the later of (a) the fifth Business Day following the final Valuation Date and (b) the Maturity Date (the "Maturity Payment Date") (or on a Call Date, if the Notes are automatically called by CIBC prior to the Maturity Date) in respect of each Note held by such Investor, an amount (the "Maturity Amount") equal to the sum of (i) the Principal Amount and (ii) the Variable Amount, which will either be nil or negative, subject to a minimum Maturity Amount of $1.00 per Note.

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36 | 10

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Variable Amount

The Variable Amount for a Note is an amount equal to the product of $100.00 multiplied by the following:

• 0.00%, if the Reference Share Return is greater than or equal to -40.00% on the immediately preceding Valuation Date; or
• the Reference Share Return (which will be negative in these circumstances and will result in a loss of a portion of the Principal Amount at maturity), if the Reference Share Return is less than -40.00% on the immediately preceding Valuation Date.

If the Notes are called by CIBC, Investors will not be entitled to receive any further return that they would have otherwise been entitled to receive if the Notes had not been called by CIBC.

Secondary Market and Early Trading Amount

The Notes will not be listed on any securities exchange or quotation system. CIBC World Markets Inc. ("CIBC WM") intends to provide a daily secondary market for the sale of Notes to CIBC WM, but reserves the right not to do so, in its sole discretion, at any time without any prior notice to Investors. Under no circumstances will CIBC WM provide a secondary market for the Notes on or following a Valuation Date for the Notes if the Notes will be called by CIBC on the applicable Call Date. No other secondary market for the Notes will be available. Any sale in the secondary market may be made at a price less than the Principal Amount and will reflect the deduction of an early trading amount of 3.78% per Note initially, declining daily by 0.042% to 0.00% after 90 days. A sale of Notes originally purchased using the Fundserv network will be subject to certain additional procedures and limitations established by the Fundserv network.

An Investor who disposes of a Note to CIBC WM in the secondary market will generally be required to include in income as interest the amount, if any, by which the sale price exceeds the Principal Amount of such Note. Investors who dispose of a Note prior to maturity should consult their own tax advisors. See "Certain Canadian Federal Income Tax Considerations" in the Pricing Supplement.

Calculation Agent

CIBC WM.

Registered Account Eligibility

RRSPs, RRIFs, RESPs, RDSPs, certain DPSPs, TFSAs and FHSAs.

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36 | 11

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Fundserv is a registered trademark of Fundserv Inc.

This document should be read in conjunction with the short form base shelf prospectus dated September 19, 2024 (the "Prospectus") and the CIBC Pricing Supplement No. 5,429 to the Prospectus dated April 6, 2026 (the "Pricing Supplement").

An investment in the Notes involves risks not associated with conventional fixed rate or floating rate debt securities. None of CIBC, the Dealers or any of their respective affiliates, associates, or any other person or entity guarantees that holders of Notes will receive an amount equal to their original investment in the Notes or guarantees that any return will be paid on the Notes (subject to the minimum Maturity Amount of $1.00 per Note) at or prior to maturity of the Notes. Amounts paid to holders of the Notes will depend on the performance of the Reference Share. An investment in Notes is not suitable for a purchaser who does not understand (either on his or her own or with the help of a financial advisor) the terms of the Notes or the risks associated with the Notes and with structured products, options or similar financial instruments generally. See "Risk Factors" in the Prospectus and "Certain Risk Factors" in the Pricing Supplement.

The Notes will not constitute deposits that are insured under the Canada Deposit Insurance Corporation Act or any other deposit insurance regime designed to ensure the payment of all or a portion of a deposit upon the insolvency of the deposit taking institution.

The principal amount of the Notes will not be fully guaranteed and, subject to the minimum Maturity Amount of $1.00 per Note, will be at risk. As a result, Investors could lose substantially all of their original investment in the Notes.

CIBC WM intends to provide a secondary market for the sale of Notes to CIBC WM but reserves the right not to do so, in its sole discretion, at any time without any prior notice to holders of Notes. There is no other market through which the Notes may be sold and purchasers may not be able to re-sell Notes.

CIBC WM is a wholly-owned subsidiary of CIBC. By virtue of such ownership, CIBC is a "related issuer" and a "connected issuer" of CIBC WM within the meaning of applicable securities legislation. See "Plan of Distribution" in the Prospectus.

CIBC Micron Technology, Inc. Autocallable Coupon Notes, Series 36 | 12