New Issue: CIBC prices $18.68 million autocallable Stars linked to S&P 500

By William Gullotti

Buffalo, N.Y., Oct. 4 – Canadian Imperial Bank of Commerce priced $18.68 million of autocallable Strategic Accelerated Redemption Securities due Sept. 28, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium if the closing level of the index is greater than or equal to its starting value on any annual observation date, including maturity. The call premium will be 9.6% per year.

If the notes are not called at maturity, investors will lose 1% for every 1% that the index declines.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Autocallable Strategic Accelerated Redemption Securities
Underlying index:	S&P 500 index
Amount:	$18,676,450
Maturity:	Sept. 28, 2029
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If not called at maturity, full exposure to loss
Call:	Notes will be called at par plus a premium if the closing level of the index is greater than or equal to its starting value on any annual observation date including maturity; call premium will be 9.6% per year
Initial level:	4,299.7
Pricing date:	Sept. 28
Settlement date:	Oct. 6
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	13608J552

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