New Issue: CIBC prices $3.77 million capped leveraged notes on index basket

By Marisa Wong

Morgantown, W.Va., June 4 – Canadian Imperial Bank of Commerce priced $3.77 million of 0% capped leveraged notes due Dec. 4, 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 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.

If the basket return is positive, the payout at maturity will be par plus 4 times the basket return, subject to a maximum settlement amount of $1,304 per $1,000 principal amount.

Investors will be fully exposed to losses.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged notes
Underlying basket:	Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
Amount:	$3.77 million
Maturity:	Dec. 4, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 4 times the basket gain, capped at par plus 30.4%; full exposure to losses
Initial levels:	3,406.65 for Euro Stoxx, 7,678.20 for FTSE, 1,747.45 for Topix, 8,456.95 for Swiss Market, 6,011.883 for S&P/ASX 200
Pricing date:	May 31
Settlement date:	June 7
Agent:	CIBC World Markets Corp.
Fees:	1.33%
Cusip:	13605WLJ8

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