CIBC World Markets Corp.

BNP Paribas Securities Corp.

BofA Securities, Inc.

Deutsche Bank Securities Inc.

Goldman Sachs & Co. LLC

Mizuho Securities USA LLC 

Santander US Capital Markets LLC

Academy Securities, Inc.

Brookfield Securities LLC

Loop Capital Markets LLC

R. Seelaus & Co., LLC
Blaylock Van, LLC 

The Notes are bail-inable notes and subject to conversion in whole or in part—by means of a transaction or series of transactions and in one or more steps—into common shares of the Bank or any of its affiliates under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act (the “CDIC Act”) and to variation or extinguishment in consequence, and subject to the application of the laws of the Province of Ontario and the federal laws of Canada applicable therein in respect of the operation of the CDIC Act with respect to the Notes. For a description of the Canadian bank resolution powers and related risk factors attaching to investment in the Notes, see information under the headings “Description of the Notes—Special Provisions Related to Bail-in Regime” and “Risk Factors” in the prospectus supplement relating to the Notes (the “Prospectus Supplement”) 

The net proceeds from the sale of the Notes will be added to the Bank’s funds and will be used for general corporate purposes

100.000% of the principal amount plus accrued interest, if any, from September 29, 2026 

A compounded average of daily Secured Overnight Financing Rate (“SOFR”) determined by reference to the SOFR Index (as defined in the Prospectus Supplement) for each quarterly interest period in accordance with the specific formula described under “Description of the Notes—Interest—Secured Overnight Financing Rate and the SOFR Index” in the Prospectus Supplement

The period from, and including any Floating Rate Interest Payment Date (or, with respect to the initial interest period only, from, and including, September 29, 2026) to, but excluding, the next succeeding Floating Rate Interest Payment Date, and in the case of the last such period, from, and including, the Floating Rate Interest Payment Date immediately preceding the maturity date to, but excluding, the maturity date of the Floating Rate Notes

A day that is a U.S. Government Securities Business Day and is neither a legal holiday nor a day on which banking institutions are authorized or obligated by law or executive order to close in the city of New York, New York or Toronto, Ontario

The Bank may redeem the Floating Rate Notes at its option in whole but not in part, upon the occurrence of certain events pertaining to Canadian taxation. This redemption would be at 100% of the principal amount, together with accrued and unpaid interest on the Floating Rate Notes to, but excluding, the redemption date

13607Q 7U0 / US 13607Q7U01

A compounded average of daily SOFR determined by reference to the SOFR Index for each quarterly interest period in accordance with the specific formula described under “Description of the Notes—Interest—Secured Overnight Financing Rate and the SOFR Index” in the Prospectus Supplement

During the Fixed Rate Period, March 27 and September 27 of each year, beginning on March 27, 2027 (short first coupon), and ending on the Interest Reset Date

During the Floating Rate Period, on March 27, June 27, September 27 and December 27, beginning on December 27, 2029 and ending at maturity (or, if the Fixed-to-Floating Rate Notes are redeemed earlier, the redemption date)

With respect to the Fixed Rate Period, the period from, and including, any Interest Payment Date (or, with respect to the initial interest period only, from and including September 29, 2026) to, but excluding, the next succeeding Interest Payment Date, and in the case of the final such interest period, the Interest Reset Date (or, if the Fixed-to-Floating Rate Notes are redeemed earlier, the redemption date)

With respect to the Floating Rate Period, the period from, and including, any Interest Payment Date (or, with respect to the initial interest period only, from, and including, the Interest Reset Date) to, but excluding, the next succeeding Interest Payment Date, and in the case of the final such interest period, from, and including, the Interest Payment Date immediately preceding the maturity date to, but excluding, such maturity date (or, if the Fixed-to-Floating Rate Notes are redeemed earlier, the redemption date)

Any day except for a Saturday, a Sunday or a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities

At any time after March 28, 2027 (the date that is 180 days after the issue date of the Fixed-to-Floating Rate Notes) (or, if additional notes are issued, after the date that is 180 days after the issue date of such additional notes) and prior to the Interest Reset Date (one year prior to the maturity date of the Fixed-to-Floating Rate Notes), the Bank may redeem the Fixed-to-Floating Rate Notes, in whole at any time or in part from time to time, at the Bank’s option, upon at least 5 days’ but not more than 60 days’ prior notice, at a redemption price equal to the greater of:

(i)     100% of the principal amount of the Fixed-to-Floating Rate Notes to be redeemed; and

(ii)   (a) the sum of the present values of the remaining scheduled payments of principal and interest on the Fixed-to-Floating Rate Notes to be redeemed discounted to the redemption date (assuming the Fixed-to-Floating Rate Notes to be redeemed matured on the Interest Reset Date), on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate (as defined in the Prospectus Supplement) plus 10 basis points, less (b) interest accrued to, but excluding, the redemption date;

plus, in either case, accrued and unpaid interest on the principal amount of the Fixed-to-Floating Rate Notes to be redeemed to, but excluding, the redemption date

In addition, the Bank, at its option, may redeem the Fixed-to-Floating Rate Notes (a) in whole, but not in part, on the Interest Reset Date, or (b) in whole at any time or in part from time to time, on or after August 27, 2030 (one month prior to the maturity date of the Fixed-to-Floating Rate Notes), in each case at a redemption price equal to 100% of the principal amount of the Fixed-to-Floating Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date