New Issue: CIBC sells $433,000 leveraged upside participation market-linked notes on Stoxx

By Kiku Steinfeld

Chicago, Jan. 16 – Canadian Imperial Bank of Commerce priced $433,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 3, 2025 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 200% of the gain in the index, capped at par plus 34%.

If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying:	Euro Stoxx 50 index
Amount:	$433,000
Maturity:	Nov. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of the index gain, capped at par plus 34%; if index falls by up to 15%, par; otherwise, 1% loss for every 1% decline of index beyond 15%
Initial level:	4,358.05
Buffer level:	3,704.3425; 85% of initial level
Pricing date:	April 27, 2023
Settlement date:	May 2, 2023
Agent:	Wells Fargo Securities, LLC
Fees:	2.575%
Cusip:	13607XGZ4

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