New Issue: CIBC sells $1.2 million of 7.08% fixed-interest barrier notes on three stocks

Chicago, June 16 – Canadian Imperial Bank of Commerce priced $1.2 million of 7.08% fixed-interest barrier notes due Dec. 12, 2022 linked to the stocks of Merck & Co., Inc., Procter & Gamble Co. and Walmart Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par plus any coupon unless any underlying stock finishes below its 70% barrier level, in which case investors will be fully exposed to the loss of the least performing stock.

CIBC World Markets Corp. is the underwriter.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Fixed-interest barrier notes
Underlying stocks:	Merck & Co., Inc., Procter & Gamble Co. and Walmart Inc.
Amount:	$1,200,000
Maturity:	Dec. 12, 2022
Coupon:	7.08%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below barrier, in which case, investors will be exposed to the decline of the worst performer from its initial level
Initial levels:	$73.42 for Merck, $152.15 for P&G, $139 for Walmart
Barrier levels:	$51.39 for Merck, $106.51 for P&G, $97.3 for Walmart; 70% of initial levels
Strike date:	Dec. 6, 2021
Pricing date:	Dec. 7, 2021
Settlement date:	Dec. 10, 2021
Agent:	CIBC World Markets Corp.
Fees:	0.2%
Cusip:	13607X3P0

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