New Issue: CIBC sells $2.12 million buffered enhanced notes on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., June 7 – Canadian Imperial Bank of Commerce priced $2.12 million of 0% buffered enhanced return notes due May 29, 2020 linked to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus 150% of the index return, capped at par plus 70%.

If the index falls by up to 10%, the payout will be par.

If the index falls by more than 10%, investors will lose 1% for every 1% decline beyond the 10% buffer.

Janney Montgomery Scott is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Buffered enhanced notes
Underlying index:	Euro Stoxx 50 index
Amount:	$2,118,000
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, par plus 150% of the index return, capped at par plus 70%; if the index falls by up to 10%, par; otherwise, investors will lose 1% for every 1% decline beyond the 10% buffer
Initial level:	3,579.02
Buffer level:	3,221.118, 90% of initial level
Pricing date:	May 26
Settlement date:	May 31
Agent:	Janney Montgomery Scott
Fees:	3.25%
Cusip:	13605WDE8

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