New Issue: CIBC prices $2.51 million digital index-linked notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Sept. 22 – Canadian Imperial Bank of Commerce priced $2.51 million of 0% digital index-linked notes due Sept. 20, 2024 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 its 82.5% buffer level, the payout at maturity will be par plus 22.4%. Otherwise, investors will lose 1.2121% for every 1% that the index declines beyond 17.5%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Digital index-linked notes
Underlying index:	Euro Stoxx 50 index
Amount:	$23,939,000
Maturity:	Sept. 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 82.5% of initial level, par plus 22.4%; otherwise, 1.2121% loss for every 1% that index declines beyond 17.5%
Initial index level:	3,499.49
Buffer level:	82.5% of initial level
Pricing date:	Sept. 19
Settlement date:	Sept. 26
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13607XBQ9

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