| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for FTSE 100 index > News item |
CIBC plans to sell 13- to 15-month digital notes tied to index basket
By Devika Patel
Knoxville, Tenn., Sept. 17 – Canadian Imperial Bank of Commerce plans to price 13- to 15-month digital notes linked to a basket of indexes, according to an 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The exact maturity date will be set at pricing.
If the basket return is positive or falls by up to 10%, the payout at maturity will be the maximum settlement amount that is expected to be between $1,062.30 and $1,073.30 per $1,000 of notes and will be set at pricing. Investors will lose 1.1111% for each 1% decline beyond 10%.
CIBC World Markets is the agent.
The Cusip is 13605WMH1.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.