New Issue: CIBC prices $5.83 million market-lined capped leveraged buffered notes on MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, Jan. 2 – Canadian Imperial Bank of Commerce priced $5.83 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 2, 2020 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 $1,140 per $1,000 of notes.

Investors will receive par if the index falls by up to 7.5% and will lose 1% for each 1% decline beyond 7.5%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	MSCI EAFE index
Amount:	$5,833,000
Maturity:	Jan. 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, subject to maximum settlement amount of $1,140 per $1,000 of notes; par if index falls by up to 7.5%; 1% loss for each 1% decline beyond 7.5%
Initial level:	1,712.32
Threshold level:	1,583.896, 92.5% of initial level
Pricing date:	Dec. 28
Settlement date:	Jan. 4
Agent:	Wells Fargo Securities, LLC
Fees:	0.24%
Cusip:	13605WNX5

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