New Issue: CIBC prices $5.89 million capped leveraged buffered notes on MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, April 24 – Canadian Imperial Bank of Commerce priced $5.89 million of 0% capped leveraged buffered notes due July 25, 2022 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.7 times the index gain, capped at $1,282.20 per $1,000 of notes. Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% loss beyond 20%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered notes
Underlying index:	MSCI EAFE
Amount:	$5,892,000
Maturity:	July 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.7 times any index gain, capped at $1,282.20 per $1,000 of notes; par if index falls by up to 20%; 1.25% loss for each 1% decline beyond 20%
Initial level:	1,573.54
Buffer level:	80% of initial level
Pricing date:	April 21
Settlement date:	April 28
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605WXH9

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