New Issue: CIBC sells $1 million leveraged participation notes with principal return on SPDR ETF

By William Gullotti

Buffalo, N.Y., Aug. 9 – Canadian Imperial Bank of Commerce priced $1 million of leveraged upside participation and principal return notes due Aug. 2, 2027 linked to the SPDR Dow Jones Industrial Average ETF, according to a 424B2 filing with the Notes and Exchange Commission.

If the ETF finishes positive, the payout at maturity will be par plus 1.07 times the gain of the ETF.

Otherwise, investors will receive par.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged upside participation and principal return notes
Underlying fund:	SPDR Dow Jones Industrial Average ETF
Amount:	$1,001,000
Maturity:	Aug. 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.07 times any ETF gain; otherwise, par
Initial level:	$352.77
Strike date:	July 27
Pricing date:	July 28
Settlement date:	Aug. 2
Underwriter:	CIBC World Markets Corp.
Fees:	0.6%
Cusip:	13607XLX3

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