New Issue: CIBC sells $5.05 million market-linked notes tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Oct. 10 – Canadian Imperial Bank of Commerce priced $5.05 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 4, 2019 linked to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain, up to a maximum return of 21%.

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

Wells Fargo Securities, LLC 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:	$5,053,000
Maturity:	Oct. 4, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, up to a maximum return of 21%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial index level:	3,594.85
Threshold level:	3,235.365, 90% of initial level
Pricing date:	Sept. 29
Settlement date:	Oct. 4
Agent:	Wells Fargo Securities, LLC
Fees:	2.78%
Cusip:	13605WFL0

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