New Issue: CIBC prices $110,000 leveraged barrier notes on Euro Stoxx 50

By Kiku Steinfeld

Chicago, May 1 – Canadian Imperial Bank of Commerce priced $110,000 of 0% leveraged barrier notes due Dec. 30, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 2.036 times the index gain.

Investors will receive par if the index declines by up to 40%.

Investors will be exposed to any losses if the index declines beyond the barrier.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged barrier notes
Underlying index:	Euro Stoxx 50
Amount:	$110,000
Maturity:	Dec. 30, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2.036 times any index gain; par if index declines by up to 40%; otherwise, 1% loss for each 1% decline
Initial index level:	3,832.89
Barrier level:	2,299.73, 60% of initial level
Pricing date:	Dec. 27, 2022
Settlement date:	Dec. 30, 2022
Agent:	CIBC World Markets Corp.
Fees:	2%
Cusip:	13607XE37

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