CIBC to price capped leveraged buffered notes tied to index basket

By Sarah Lizee

Olympia, Wash., May 29 – Canadian Imperial Bank of Commerce plans to price 0% capped leveraged buffered notes due in 22 and 25 months 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 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 2 times any basket gain, up to a maximum settlement amount of $1,400.40 and $1,470.80 per $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.

The Cusip is 13605WLL3.

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