New Issue: CIBC prices $3.91 million capped leveraged buffered notes on Russell

By Marisa Wong

Morgantown, W.Va., Jan. 30 – Canadian Imperial Bank of Commerce priced $3.91 million of 0% capped leveraged buffered notes due March 5, 2020 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 1.5 times any gain in the index, capped at par plus 12.15%.

Investors will receive par if the index finishes flat or falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered notes
Underlying index:	Russell 2000
Amount:	$3,912,000
Maturity:	March 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 12.15%; par if index finishes flat or falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial level:	1,457.454 (index closing level on Jan. 22)
Buffer level:	1,238.836, 85% of initial level
Pricing date:	Jan. 23
Settlement date:	Jan. 30
Agent:	CIBC World Markets Corp.
]Fees:	0.1%
Cusip:	13605WPH8

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