New Issue: CIBC sells $9.46 million Capped Leveraged Index Return Notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, March 29 – Canadian Imperial Bank of Commerce priced $9.46 million of 0% Capped Leveraged Index Return Notes due March 28, 2024 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, up to par plus 20.9%.

Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000 index
Amount:	$9,462,870
Maturity:	March 28, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, up to par plus 20.9%; par if index falls by up to 10%; exposure to losses beyond 10%
Initial level:	2,075.443
Buffer level:	1,867.899, 90% of initial level
Pricing date:	March 24
Settlement date:	March 31
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	13607V184

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