New Issue: CIBC sells $2.41 million capped leveraged buffer notes tied to indexes

By Susanna Moon

Chicago, Dec. 12 – Canadian Imperial Bank of Commerce priced $2.41 million of 0% leveraged buffered notes due Dec. 26, 2019 linked to a basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight

The payout at maturity will be par plus 1.7 times any basket gain, up to a maximum settlement amount of $1,408 for each $1,000 principal amount.

Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered basket-linked notes
Underlying basket:	Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$2,413,000
Maturity:	Dec. 26, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 170% of any basket gain, capped at 40.8%; par if basket falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
Initial levels:	3,562.65 for Stoxx, 7,419.02 for FTSE, 1,777.08 for Topix, 9,291.84 for Swiss Market and 5,986.413 for S&P/ASX
Threshold levels:	85% of initial levels
Pricing date:	Nov. 22
Settlement date:	Dec. 1
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605WGX3

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