New Issue: CIBC sells $19.59 million Capped Leveraged Index Return Notes on Russell

By Devika Patel

Knoxville, Tenn., Dec. 22 – Canadian Imperial Bank of Commerce priced $19.59 million of 0% Capped Leveraged Index Return Notes due Feb. 23, 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 of $10 plus double any index gain, up to a maximum return of 11.62%.

Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000
Amount:	$19,590,440
Maturity:	Feb. 23, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, subject to 11.62% maximum return; par if index falls by up to 5%, otherwise 1% loss for every 1% decline beyond 5%
Initial index level:	1,383.956
Pricing date:	Dec. 20
Settlement date:	Dec. 30
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	13607R514

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