New Issue: CIBC prices $35.73 million capped leveraged notes on Health Care Select

By Marisa Wong

Los Angeles, Sept. 2 – Canadian Imperial Bank of Commerce priced $35.73 million of 0% capped leveraged notes due Sept. 29, 2022 linked to the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any ETF gain, capped at $1,183 per $1,000 principal amount.

Investors will be fully exposed to any ETF decline.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged notes
Underlying ETF:	Health Care Select Sector SPDR fund
Amount:	$35,725,000
Maturity:	Sept. 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any ETF gain, capped at par plus 18.3%; full exposure to losses
Initial value:	$134.63
Pricing date:	Aug. 27
Settlement date:	Sept. 3
Agent:	CIBC World Markets Corp.
Fees:	1.13%
Cusip:	13605W6D8

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