New Issue: CIBC sells $5.29 million leveraged market-linked notes with principal return on ETF

By William Gullotti

Buffalo, N.Y., Sept. 7 – Canadian Imperial Bank of Commerce priced $5.29 million of 0% market-linked notes — leveraged upside participation to a cap and principal return at maturity due Sept. 5, 2029 linked to the SPDR Dow Jones Industrial Average ETF Trust, according to a 424B2 filing with the Notes and Exchange Commission.

If the ETF finishes positive, the payout at maturity will be par plus 1.5 times the gain of the ETF, subject to a maximum payout of par plus 61.1%.

Otherwise, investors will receive par.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked notes — leveraged upside participation to a cap and principal return at maturity
Underlying fund:	SPDR Dow Jones Industrial Average ETF Trust
Amount:	$5,289,000
Maturity:	Sept. 5, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any ETF gain, capped at par plus 61.1%; otherwise, par
Initial level:	$347.81
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Underwriter:	Wells Fargo Securities, LLC
Fees:	4.87%
Cusip:	13607XLK1

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