New Issue: CIBC sells $3.25 million barrier notes on indexes

Chicago, Oct. 19 – Canadian Imperial Bank of Commerce priced $3.25 million of 0% barrier notes due Oct. 22, 2024 linked to the worst performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If no index closes below the 70% downside threshold level, the payout at maturity will be par plus 9.6%.

Otherwise, investors will be fully exposed to the losses of the worst performer.

BofA Securities is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Barrier notes
Underlying indexes:	S&P 500 index, Nasdaq-100 index and Russell 2000 index
Amount:	$3,250,000
Maturity:	Oct. 22, 2024
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 9.6% if all three indexes close above downside threshold levels; otherwise, full exposure to losses of worst performer
Initial index levels:	4,327.78 for S&P, 1,719.711 for Russell, 14,995.12 for Nasdaq
Downside threshold levels:	3,029.45 for S&P, 1,203.798 for Russell, 10,496.58 for Nasdaq, 70% of initial levels
Pricing date:	Oct. 13
Settlement date:	Oct. 20
Agent:	BofA Securities
Fees:	0.75%
Cusip:	13608M134

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