New Issue: CIBC sells $5.64 million leveraged buffered notes on index basket

By Marisa Wong

Morgantown, W.Va., Aug. 11 – Canadian Imperial Bank of Commerce priced $5.64 million of 0% capped leveraged buffered notes due Aug. 7, 2019 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 60% weight and the FTSE 100 index with a 40% weight.

If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum settlement amount of $1,193.50 per $1,000 principal amount.

If the basket falls by up to 20%, the payout will be par.

If the basket falls by more than 20%, investors will lose 1.25% for every 1% decline beyond the buffer.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered notes
Underlying indexes:	Euro Stoxx 50 index (60% weight), FTSE 100 index (40% weight)
Amount:	$5,636,000
Maturity:	Aug. 7, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 1.5 times the basket gain, return capped at 19.35%; if basket falls by up to 20%, par; if basket falls by more than 20%, 1.25% loss for every 1% decline beyond the buffer
Initial levels:	3,459.32 for Euro Stoxx, 7,411.43 for FTSE
Pricing date:	Aug. 2
Settlement date:	Aug. 9
Agent:	CIBC World Markets Corp.
Fees:	2%
Cusip:	13605WER8

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