New Issue: CIBC prices $22.62 million Accelerated Return Notes tied to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., June 20 – Canadian Imperial Bank of Commerce priced $22.62 million of 0% Accelerated Return Notes due June 29, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 24%. Investors will be exposed to any index decline.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Accelerated Return Notes
Underlying index:	Euro Stoxx 50
Amount:	$22,623,240
Maturity:	June 29, 2018
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 300% of any index gain, capped at 24%; exposure to any index decline
Initial index level:	Lowest closing level from pricing date to and including July 18; closing level on pricing date was 2,819.30
Final index level:	Average of index’s closing levels on five trading days ending June 26, 2018
Pricing date:	June 16
Settlement date:	June 24
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	13607R787

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