Published on 9/25/2017 in the Prospect News Structured Products Daily.
CIBC corrects Cusips for Raymond James Technology Top Selections notes
By Marisa Wong
Morgantown, W.Va., Sept. 25 – Canadian Imperial Bank of Commerce amended the Cusip numbers for two issues of Raymond James Technology Top Selections notes due Aug. 27, 2018 issued on Aug. 25, according to 424B2s filed Friday with the Securities and Exchange Commission.
The Cusip number for the $455,000 of 0% notes linked to Raymond James Technology Top Selections due Aug. 27, 2018 is 136069VB4, revised from 13605WEV9.
The Cusip for the $2,836,000 of 0% notes linked to Raymond James Technology Top Selections due Aug. 27, 2018 is 136069VC2, revised from 13605WEU1.
The notes are linked to an equally weighted basket of 19 common equity securities or American Depositary Shares of entities in the technology sector selected by Raymond James & Associates, Inc. The reference shares are ACI Worldwide, Inc., Broadcom Ltd., Avnet, Inc., Alibaba Group Holding Ltd., Flex Ltd., FLIR Systems, Inc., Fleetcor Technologies, Inc., Finisar Corp., Alphabet Inc. class A, Instructure, Inc., Lumentum Holdings Inc., Microchip Technology Inc., Microsoft Corp., Motorola Solutions, Inc., ServiceNow, Inc., Nuance Communications, Inc., Orbcomm Inc., RingCentral, Inc. and Roper Technologies, Inc.
CIBC World Markets Corp. is the agent.
| Issuer: | Canadian Imperial Bank of Commerce
|
| Issue: | Notes linked to Raymond James Technology Top Selections
|
| Underlying basket: | ACI Worldwide, Inc. (Sumbol: ACIW), Broadcom Ltd. (Symbol: AVGO), Avnet, Inc. (Symbol: AVT), Alibaba Group Holding Ltd. (Symbol: BABA), Flex Ltd. (Symbol: FLEX), FLIR Systems, Inc. (Symbol: FLIR), Fleetcor Technologies, Inc. (Symbol: FLT), Finisar Corp. (Symbol: FNSR), Alphabet Inc., class A (Symbol: GOOGL), Instructure, Inc. (Symbol: INST), Lumentum Holdings Inc. (Symbol: LITE), Microchip Technology Inc. (Symbol: MCHP), Microsoft Corp. (Symbol: MSFT), Motorola Solutions, Inc. (Symbol: MSI), ServiceNow, Inc. (Symbol: NOW), Nuance Communications, Inc. (Symbol: NUAN), Orbcomm Inc. (Symbol: ORBC), RingCentral, Inc. (Symbol: RNG) and Roper Technologies, Inc. (Symbol: ROP); equally weighted
|
| Amount: | $455,000
|
| Maturity: | Aug. 27, 2018
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par times 99.05% times the basket level percentage, which is sum of weighted reference share performances
|
| Initial price: | For each stock, average of stock’s average intraday prices on each of Aug. 18, Aug. 21 and Aug. 22
|
| Final price: | For each stock, sum of (a) average of closing prices on Aug. 20, 2018, Aug. 21, 2018 and Aug. 22, 2018 and (b) dividend amount for that stock
|
| Pricing date: | Aug. 18
|
| Settlement date: | Aug. 25
|
| Agent: | CIBC World Markets Corp.
|
| Fees: | None
|
| Cusip: | 136069VB4
|
|
|
| Issuer: | Canadian Imperial Bank of Commerce
|
| Issue: | Notes linked to Raymond James Technology Top Selections
|
| Underlying basket: | ACI Worldwide, Inc. (Sumbol: ACIW), Broadcom Ltd. (Symbol: AVGO), Avnet, Inc. (Symbol: AVT), Alibaba Group Holding Ltd. (Symbol: BABA), Flex Ltd. (Symbol: FLEX), FLIR Systems, Inc. (Symbol: FLIR), Fleetcor Technologies, Inc. (Symbol: FLT), Finisar Corp. (Symbol: FNSR), Alphabet Inc., class A (Symbol: GOOGL), Instructure, Inc. (Symbol: INST), Lumentum Holdings Inc. (Symbol: LITE), Microchip Technology Inc. (Symbol: MCHP), Microsoft Corp. (Symbol: MSFT), Motorola Solutions, Inc. (Symbol: MSI), ServiceNow, Inc. (Symbol: NOW), Nuance Communications, Inc. (Symbol: NUAN), Orbcomm Inc. (Symbol: ORBC), RingCentral, Inc. (Symbol: RNG) and Roper Technologies, Inc. (Symbol: ROP); equally weighted
|
| Amount: | $2,836,000
|
| Maturity: | Aug. 27, 2018
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par times 97.8% times the basket level percentage, which is sum of weighted reference share performances
|
| Initial price: | For each stock, average of stock’s average intraday prices on each of Aug. 18, Aug. 21 and Aug. 22
|
| Final price: | For each stock, sum of (a) average of closing prices on Aug. 20, 2018, Aug. 21, 2018 and Aug. 22, 2018 and (b) dividend amount for that stock
|
| Pricing date: | Aug. 18
|
| Settlement date: | Aug. 25
|
| Agent: | CIBC World Markets Corp.
|
| Fees: | 1.25%
|
| Cusip: | 136069VC2
|
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