| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
CIBC plans to price digital index-linked notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., March 20 – Canadian Imperial Bank of Commerce plans to price 0% digital index-linked notes due in 23 to 26 months 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 85% threshold level, the payout at maturity will be the maximum settlement amount of $1,125.40 to $1,147.10 for each $1,000 principal amount.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
CIBC World Markets Corp. is the underwriter.
The Cusip number is 13605WQF1.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.