New Issue: CIBC sells $38.32 million of Capped Leveraged Index Return Notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Oct. 3 – Canadian Imperial Bank of Commerce priced $38.32 million of 0% Capped Leveraged Index Return Notes due Sept. 27, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, capped at 25.24%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

CIBC World Markets is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50
Amount:	$38,323,550
Maturity:	Sept. 27, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 25.24%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial index level:	3,563.64
Pricing date:	Sept. 28
Settlement date:	Oct. 5
Agent:	CIBC World Markets
Fees:	2%
Cusip:	13606M839

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