New Issue: CIBC prices $1.67 million trigger in-digital notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., Dec. 14 – Canadian Imperial Bank of Commerce priced $1.67 million of 0% trigger in-digital notes due Dec. 8, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 75% downside threshold, the payout at maturity will be par plus 26.6%.

If the index declines more than 25%, investors will lose 1% for every 1% of the index’s decline from its initial level.

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

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Trigger in-digital notes
Underlying index:	S&P 500 index
Amount:	$1.67 million
Maturity:	Dec. 8, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes at or above its downside threshold, par plus 26.6%; otherwise, full exposure to decline of index from initial level
Initial value:	4,569.78
Downside threshold:	3,427.34; 75% of initial value
Strike date:	Dec. 4
Pricing date:	Dec. 6
Settlement date:	Dec. 8
Agents:	UBS Financial Services Inc. and CIBC Capital Markets
Fees:	1%
Cusip:	13608P319

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