New Issue: CIBC prices $49.33 million Capped Leveraged Index Return Notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 31 – Canadian Imperial Bank of Commerce priced $49.33 million of 0% Capped Leveraged Index Return Notes due Dec. 22, 2017 linked to the S&P 500 index, according to a 424B2 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 8.46%.

Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500
Amount:	$49,326,420
Maturity:	Dec. 22, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, subject to 8.46% maximum return; par if index falls by up to 5%, otherwise 1% loss for every 1% decline beyond 5%
Initial index level:	2,133.04
Pricing date:	Oct. 27
Settlement date:	Nov. 3
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	13607R548

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