New Issue: CIBC prices $89.45 million capped leveraged notes on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., June 12 – Canadian Imperial Bank of Commerce priced $89.45 million of 0% capped leveraged notes due June 16, 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 4 times the index gain, subject to a maximum settlement amount of $1,640 per $1,000 principal amount.

If the index finishes flat or falls, the payout will be par plus the index return with full exposure to losses.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged notes
Underlying index:	Euro Stoxx 50 index
Amount:	$89,445,000
Maturity:	June 16, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 4 times the index gain, capped at par plus 64%; full exposure to losses
Initial index level:	3,447.30
Pricing date:	June 8
Settlement date:	June 15
Agent:	CIBC World Markets Corp.
Fees:	1.73%
Cusip:	13605WLQ2

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