CIBC plans leveraged buffer market-linked notes due 2020 on Stoxx 50

By Susanna Moon

Chicago, June 12 – Canadian Imperial Bank of Commerce plans to price 0% market-linked notes – leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 6, 2020 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 200% of any index gain, up to a maximum return of 16% to 20%.

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

Wells Fargo Securities, LLC is the agent.

The notes will price on June 26 and settle on June 29.

The Cusip number is 13605WLM1.

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