New Issue: CIBC prices $7.5 million Leveraged Index Return Notes tied to indexes

By Marisa Wong

Morgantown, W.Va., Nov. 9 – Canadian Imperial Bank of Commerce priced $7.5 million of 0% Leveraged Index Return Notes due Nov. 15, 2019 linked to the worse performing of the Nikkei Stock Average index and 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 234% of any gain in the worse performing index.

If the worse performing index falls by up to 15%, the payout will be par.

If the worse performing index finishes below 85% of its initial level, investors will lose 1% for every 1% decline of the worse performing index beyond 15%.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged Index Return Notes
Underlying indexes:	Nikkei Stock Average index and the Euro Stoxx 50 index
Amount:	$7.5 million
Maturity:	Nov. 15, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 234% of any gain in worse performing index; if worse performing index falls by up to 15%, par; if worse performing index finishes threshold, 1% loss for every 1% decline of the worse performing index beyond 15%
Initial levels:	16,905.36 for Nikkei, 2,954.53 for Euro Stoxx
Threshold levels:	14,369.56 for Nikkei, 2,511.35 for Euro Stoxx; 85% of initial levels
Pricing date:	Nov. 4
Settlement date:	Nov. 9
Agent:	BofA Merrill Lynch
Fees:	0.75%
Cusip:	13607R522

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