New Issue: CIBC prices $950,000 capped, leveraged, buffered notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Feb. 3 – Canadian Imperial Bank of Commerce priced $950,000 of 0% market linked securities with leveraged upside participation to a cap and buffered downside due Aug. 2, 2018 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain up to a maximum return of 31%. The payout will be par if the index falls by up to 10%, and investors will lose 1% for every 1% loss beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged, capped, buffered notes
Underlying index:	Russell 2000
Amount:	$950,000
Maturity:	Aug. 2, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index return is positive, par plus 1.5 times the index return, capped at 31%; par if the index declines by 10% or less; 1% loss for every 1% drop beyond 10%
Initial level:	1,035.381
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	Wells Fargo Securities, LLC
Fees:	2.67%
Cusip:	13605WBD2

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