New Issue: CIBC sells $6.29 million Capped Leveraged Index Return Notes on Russell 2000

By William Gullotti

Buffalo, N.Y., Dec. 29 – Canadian Imperial Bank of Commerce priced $6.29 million of 0% Capped Leveraged Index Return Notes due Dec. 18, 2026 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 plus 2.386 times the index gain, capped at par plus 45%.

Investors will be fully exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000 index
Principal amount:	$6,288,960
Maturity:	Dec. 18, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 238.6% of any index gain, capped at par plus 45%; otherwise, 1% loss for every 1% that index declines
Initial level:	2,017.065
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	BofA Securities, Inc.
Fees:	2.25%
Cusip:	13608J412

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