New Issue: CIBC sells $1.32 million capped leveraged basket-linked notes

By William Gullotti

Buffalo, N.Y., Feb. 2 – Canadian Imperial Bank of Commerce priced $1.32 million of 0% capped leveraged notes due April 10, 2026 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with an 9% weight.

If the basket return is positive, the payout at maturity will be par plus triple the basket return, subject to a maximum settlement amount of par plus 59.7%

Investors will be exposed to any basket decline.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged notes
Underlying indexes:	Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight) and S&P/ASX 200 index (9% weight)
Amount:	$1,316,000
Maturity:	April 10, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus three times the basket gain, return capped at par plus 59.7%; full exposure to losses
Initial levels:	4,662.7 for Euro Stoxx, 2,526.93 for Topix, 7,666.31 for FTSE, 11,443.13 for Swiss Market, 7,600.194 for S&P/ASX 200
Pricing date:	Jan. 30
Settlement date:	Feb. 6
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13607XQ83

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