New Issue: CIBC sells $1.15 million market-linked securities tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Oct. 11 – Canadian Imperial Bank of Commerce priced $1.15 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 6, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 190% of the gain, subject to a maximum return of 39%.

If the index falls by up to 15%, the payout will be par.

If the index falls by more than 15%, investors will lose 1% for every 1% decline beyond 15%.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50 index
Amount:	$1,145,000
Maturity:	April 6, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index return is positive, par plus 190% of the gain, subject to a maximum return of 39%; if the index falls by up to 15%, par; if the index falls by more than 15%, 1% loss for every 1% decline beyond 15%
Initial level:	3,002.24
Threshold level:	2,551.904, 85% of initial level
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	BofA Merrill Lynch
Fees:	3.69%
Cusip:	13605WBS9

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