New Issue: CIBC prices $9.03 million 7.16% notes linked to Facebook

By Angela McDaniels

Tacoma, Wash., Oct. 17 – Canadian Imperial Bank of Commerce priced $9.03 million of 7.16% coupon-bearing notes due Oct. 27, 2017 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If the final share price is greater than or equal to the threshold value, 95% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the stock declines beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Coupon-bearing notes
Underlying stock:	Facebook, Inc. (Nasdaq: FB)
Amount:	$9,031,170
Maturity:	Oct. 27, 2017
Coupon:	7.16%, payable quarterly
Price:	Par of $10.00
Payout at maturity:	If final share price is greater than or equal to threshold value, par; otherwise, 1% loss for every 1% that stock declines beyond 5%
Initial share price:	$127.49 (volume-weighted average price on pricing date)
Threshold value:	$121.12, 95% of initial share price
Pricing date:	Oct. 13
Settlement date:	Oct. 20
Agent:	BofA Merrill Lynch
Fees:	1.75%
Cusip:	13607R589

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