New Issue: CIBC prices $30.38 million Accelerated Return Notes linked to S&P Regional Banks

By Angela McDaniels

Tacoma, Wash., May 2 – Canadian Imperial Bank of Commerce priced $30.38 million of 0% Accelerated Return Notes due June 30, 2017 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 18.55%. Investors will be exposed to any index decline.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Accelerated Return Notes
Underlying index:	S&P Regional Banks Select Industry
Amount:	$30,375,780
Maturity:	June 30, 2017
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 300% of any index gain, capped at 18.55%; exposure to any index decline
Initial index level:	1,269.26
Final index level: Average of index’s closing levels on five trading days ending June 27, 2017
Pricing date:	April 28
Settlement date:	May 5
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	13607R860

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