New Issue: CIBC sells $2.3 million leveraged market-linked notes tied to Stoxx

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – Canadian Imperial Bank of Commerce priced $2.3 million of 0% market-linked securities with leveraged upside participation and contingent downside due Nov. 29, 2024 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 plus 202% of any index gain.

Investors will receive par if the index falls by up 40% and will lose 1% for every 1% decline in the index if it falls beyond 40%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities with leveraged upside participation and contingent downside
Underlying index:	Euro Stoxx 50 index
Amount:	$2,303,000
Maturity:	Nov. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 202% of any index gain; par if the index falls by up to 40%; 1% loss for every 1% decline if index falls beyond 40%
Initial index level:	3,707.68
Buffer level:	2,224.608, 60% of initial level
Pricing date:	Nov. 25
Settlement date:	Nov. 29
Agent:	Wells Fargo Securities, LLC
Fees:	3.62%
Cusip:	13605WTM3

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