CIBC plans enhanced return notes on Russell 2000, Metals and Mining ETF

By Marisa Wong

Morgantown, W.Va., Jan. 9 – Canadian Imperial Bank of Commerce plans to price 0% enhanced return notes due July 16, 2019 linked to the lowest performing of the Russell 2000 index and the SPDR S&P Metals and Mining exchange-traded fund, according to a 424B3 filing with the Securities and Exchange Commission.

If the lower performing asset gains or finishes flat, the payout at maturity will be par plus 1.45 times the return of that lower performing asset.

If the lower performing asset declines by up to 25%, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the lower performing asset.

Jefferies LLC is the agent.

The notes will price on Jan. 10.

The Cusip number is 13605WHU8.

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