New Issue: CIBC sells $8.2 million leveraged index return notes on index basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 15 – Canadian Imperial Bank of Commerce priced $8.2 million of 0% leveraged index return notes due Feb. 25, 2028 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei Stock Average index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the FTSE China 50 index with an initial weight of 5%.

The payout at maturity will be par plus 2.57 times any basket gain.

Investors will will be fully exposed to any basket decline.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged index return notes
Underlying indexes:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and FTSE China 50 index (5% weight)
Amount:	$8,196,430
Maturity:	Feb. 25, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 257% of any basket gain; full exposure to loss
Initial index levels:	4,197.07 for Stoxx, 7,627.4 for FTSE, 27,696.08 for Nikkei, 12,313.16 for Swiss, 7,288.453 for S&P/ASX, 17,277.89 for FTSE China 50
Pricing date:	Feb. 10
Settlement date:	Feb. 17
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	13607V226

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