New Issue: CIBC sells $13.98 million Leveraged Index Return Notes on index basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Canadian Imperial Bank of Commerce priced $13.98 million of 0% Leveraged Index Return Notes due Feb. 25, 2028 linked to a 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 a 40% weight, the Nikkei Stock Average index with a 20% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% and the FTSE China 50 index with a 5%.

The payout at maturity will be par plus 203.2% of any basket gain.

Investors will receive par if the basket declines up to 10% and will lose 1% for every 1% of basket decline beyond 10%.

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), Nikkei Stock Average index (20% weight), FTSE 100 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:	$13,975,290
Maturity:	Feb. 25, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 203.2% of any basket gain; if basket declines up to 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
Initial index levels:	4,241.12 for Stoxx, 27,402.05 for Nikkei, 7,820.16 for FTSE, 11,188.42 for Swiss, 7,511.648 for S&P/ASX, 14,660.66 for FTSE China 50
Threshold level:	90% of initial level
Pricing date:	Feb. 2
Settlement date:	Feb. 9
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	13607Y865

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