New Issue: CIBC prices $8.43 million capped leveraged buffered notes on Financial Select Sector

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Canadian Imperial Bank of Commerce priced $8.43 million of 0% capped leveraged buffered fund-linked notes due Feb. 4, 2026 linked to the performance of the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund’s return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum payout of par plus 27.03%.

Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered fund-linked notes
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$8,425,000
Maturity:	Feb. 4, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any fund gain, capped at par plus 27.03%; par if the fund falls by up to 10%; otherwise, 1.1111% loss for each 1% decline beyond 10%
Initial level:	$38.82
Buffer level:	90% of initial level
Pricing date:	Feb. 1
Settlement date:	Feb. 8
Agent:	CIBC World Markets Corp.
Fees:	1.5%
Cusip:	13607XQB6

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