New Issue: CIBC prices $7.98 million capped leveraged buffered notes on MSCI EAFE index

By Wendy Van Sickle

Columbus, Ohio, Dec. 27 – Canadian Imperial Bank of Commerce priced $7.98 million of 0% capped leveraged buffered notes due Jan. 21, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum settlement amount of $1,254 per $1,000 of notes.

Investors will receive par if the index falls by up to 15% and will lose 1.765% for each 1% decline beyond 15%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered notes
Underlying index:	MSCI EAFE index
Amount:	$7,975,000
Maturity:	Jan. 21, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, subject to maximum settlement amount of $1,254 per $1,000 of notes; par if index falls by up to 15%; 1.1765% loss for each 1% decline beyond 15%
Initial level:	1,740.55
Pricing date:	Dec. 19
Settlement date:	Dec. 27
Agent:	CIBC World Markets Corp.
Fees:	2.08%
Cusip:	13605WNZ0

© 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.