New Issue: CIBC prices $29 million trigger callable contingent yield notes on three indexes

Chicago, Jan. 16 – Canadian Imperial Bank of Commerce priced $29 million of trigger callable contingent yield notes with daily coupon observation due April 15, 2027 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at a rate of 10.1% per year if each index closes at or above its coupon barrier level, 65% of its initial level, on every scheduling trading day during the observation period.

The notes will be callable at par of $10 plus any coupon otherwise due on any quarterly observation date.

If the notes are not called and each index finishes at or above the 65% coupon barrier, the payout at maturity will be par plus the final coupon.

If any index declines below the coupon barrier but each index finishes at or above the downside threshold level, 60% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performing index from its initial level.

UBS Financial Services Inc. and CIBC Capital Markets are the agents.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Trigger callable contingent yield notes with daily coupon observation
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$29,000,000
Maturity:	April 15, 2027
Coupon:	10.1% per year, payable quarterly if each index closes at or above its coupon barrier level on each scheduled trading day during that observation period
Price:	Par of $10
Payout at maturity:	Par plus coupon due if each index finishes at or above coupon barrier; if worst performer finishes below coupon barrier but at or above downside threshold level, par; otherwise, 1% loss for every 1% decline of worst performing index from its initial level
Call option:	At par plus any coupon due on any quarterly observation date
Initial levels:	4,783.45 for S&P, 1,970.261 for Russell, 16,793.04 for Nasdaq
Coupon barriers:	3,109.24 for S&P, 1,280.67 for Russell, 10,915.48 for Nasdaq; 65% of initial levels
Downside thresholds:	2,870.07 for S&P, 1,182.157 for Russell, 10,075.82 for Nasdaq; 60% of initial levels
Pricing date:	Jan. 10
Settlement date:	Jan. 16
Agents:	UBS Financial Services Inc. and CIBC Capital Markets
Fees:	1%
Cusip:	13608P467

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