New Issue: CIBC sells $28.14 million of Capped Leveraged Index Return Notes on S&P

By Wendy Van Sickle

Columbus, Ohio, July 31 – Canadian Imperial Bank of Commerce priced $28.14 million of 0% Capped Leveraged Index Return Notes due July 26, 2019 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 plus double any index gain, up to a maximum payout of $1,152 per $1,000 of notes.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

CIBC World Markets is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500
Amount:	$28,140,500
Maturity:	July 26, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, subject to maximum payout of $1,152 per $1,000 of notes; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial index level:	2,475.42
Pricing date:	July 27
Settlement date:	Aug. 3
Agent:	CIBC World Markets
Fees:	2%
Cusip:	13607R225

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