New Issue: CIBC prices $14.31 million capped Leveraged Index Return Notes on S&P GSCI Excess Return

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – Canadian Imperial Bank of Commerce priced $14.31 million of 0% capped Leveraged Index Return Notes due March 5, 2024 linked to the S&P GSCI Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 170% of any index gain, subject to a maximum return of $1,515.10 for each $1,000 principal amount.

Investors will have full exposure to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P GSCI Excess Return index
Amount:	$14,311,000
Maturity:	March 5, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 170% of any index gain, capped at $1,515.10 for each $1,000 principal amount; full exposure to loss
Initial index level:	303.677
Pricing date:	Feb. 1
Settlement date:	Feb. 8
Agent:	BofA Securities, Inc.
Fees:	1.06%
Cusip:	13607XF93

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