New Issue: CIBC sells $2.88 million capped leveraged buffered notes on index basket

By Wendy Van Sickle

Columbus, Ohio, June 17 – Canadian Imperial Bank of Commerce priced $2.88 million of 0% capped leveraged buffered notes due Sept. 14, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,291 per $1,000 principal amount.

Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered notes
Underlying basket:	Euro Stoxx 50 index (36% weight), Topix index (27% weight), FTSE 100 index (19% weight), Swiss Market index (10% weight) and S&P/ASX 200 index (8% weight)
Amount:	$2,878,000
Maturity:	Sept. 14, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 1.5 times the basket gain, capped at $1,291 per $1,000 principal amount; if basket falls by up to 15%, par; if basket falls by more than 15%, 1.1765% loss for every 1% decline beyond the buffer
Initial levels:	3,153.74 for Stoxx, 1,570.68 for Topix, 6,105.18 for FTSE, 9,796.37 for Swiss and 5,847.813 for S&P/ASX
Pricing date:	June 12
Settlement date:	June 19
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605WZA2

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