CIBC to price capped leveraged buffered notes linked to two indexes

By Wendy Van Sickle

Columbus, Ohio, July 27 – Canadian Imperial Bank of Commerce plans to price 24- to 27-month 0% capped leveraged buffered notes 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 60% weight and the FTSE 100 index with a 40% weight.

The payout at maturity will be par plus 150% of any basket gain, up to a maximum settlement amount that is expected to be between $1,184.20 and $1,216.60 per $1,000 of notes.

Investors will receive par if the basket falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.

The exact maturity date and maximum settlement amount will be set at pricing.

CIBC World Markets is the agent.

The Cusip is 13605WER8.

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