New Issue: CIBC sells $896,000 market-linked autocalls with leveraged upside on ARK ETF

Chicago, June 1 – Canadian Imperial Bank of Commerce priced $896,000 of 0% market-linked securities due Feb. 21, 2023 – leveraged upside participation to a cap and fixed percentage buffered downside linked to the performance of the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times the return of the ETF if the fund finishes positive.

If the fund declines but finishes above its 87.5% threshold level, the payout will be par.

Otherwise, investors will be exposed to the losses of the fund beyond the buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying ETF:	ARK Innovation ETF
Amount:	$896,000
Maturity:	Feb. 21, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times return if fund ends positive, par if fund declines but finishes above threshold level; otherwise, exposure to losses beyond buffer
Initial levels:	$118.92
Downside threshold:	$104.055; 87.5% of initial levels
Pricing date:	Nov. 16, 2021
Settlement date:	Nov. 19, 2021
Agent:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	13605W7J4

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