New Issue: CIBC sells $1.83 million digital notes linked to Euro Stoxx

By Marisa Wong

Los Angeles, April 23 – Canadian Imperial Bank of Commerce priced $1.83 million of 0% digital notes due Sept. 15, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 14.85%.

If the index falls by more than 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$1,826,000
Maturity:	Sept. 15, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 10%, par plus 14.85%; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
Initial level:	2,892.79
Pricing date:	April 9
Settlement date:	April 17
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605WXB2

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