Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
CIBC plans Capped Leveraged Index Return Notes on Russell 2000
By Marisa Wong
Morgantown, W.Va., June 28 – Canadian Imperial Bank of Commerce plans to price 0% Capped Leveraged Index Return Notes due June 2019 linked to the Russell 2000 index, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 14% to 18%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BofA Merrill Lynch is the agent.
The notes will price in June and settle in July.
© 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.