New Issue: CIBC prices $1.07 million capped leveraged buffered notes on basket

By Kiku Steinfeld

Chicago, April 15 – Canadian Imperial Bank of Commerce priced $1.07 million of 0% capped leveraged buffered notes due May 25, 2022 linked to a basket of five 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 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 130% of any basket gain, up to a maximum settlement amount of $1,152.75 for each $1,000 principal amount.

The payout will be par if the basket falls by up to 10%, and investors will lose 1.1111% for every 1% loss beyond 10%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
Amount:	$1,069,000
Maturity:	May 25, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 130% of any basket gain, capped at $1,152.75 per $1,000 of notes; par if basket declines by up to 10%; 1.1111% for every 1% loss beyond 10%
Initial levels:	3,832.57 for Euro Stoxx, 6,674.83 for FTSE, 1,955.55 for Topix, 11,098.81 for Swiss Market and 6,790.558 for S&P/ASX
Pricing date:	March 25
Settlement date:	April 1
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605W2K6

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