CIBC plans capped leveraged buffered notes linked to MSCI EAFE index

By Devika Patel

Knoxville, Tenn., Dec. 14 – Canadian Imperial Bank of Commerce plans to price 25- to 28-month 0% capped leveraged buffered notes linked to the MSCI EAFE index, according to a 424B2 filed with the Securities and Exchange Commission.

The exact maturity date will be set at pricing.

The payout at maturity will be par plus double any index gain, up to a maximum settlement amount that is expected to fall between $1,229.60 and $1,270 per $1,000 of notes and will be set at pricing.

Investors will receive par if the index falls by 15% or less and will lose 1.1765% for every 1% decline beyond 15%.

CIBC World Markets is the agent.

The Cusip is 13605WNZ0.

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