New Issue: CIBC prices $3.17 million market-linked notes linked to Russell 2000

New York, Nov. 25 – Canadian Imperial Bank of Commerce priced $3.17 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due May 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of par plus 27%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Russell 2000
Amount:	$3,167,000
Maturity:	May 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 27%; par if index falls by up to 10%; exposure to any losses beyond 10%
Initial level:	1,188.814
Threshold level:	1,069.9326, 90% of initial level
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	Wells Fargo Securities LLC
Fees:	2.57%
Cusip:	13605WAZ4

© 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.