New Issue: CIBC sells $12.96 million Leveraged Index Return Notes on the Dow

By Wendy Van Sickle

Columbus, Ohio, April 27 – Canadian Imperial Bank of Commerce priced $12.96 million of 0% Leveraged Index Return Notes due April 25, 2025 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 109% of any index gain.

If the index falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$12,962,030
Maturity:	April 25, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 109% of any index gain; if the index falls by up to 20%, par; otherwise, investors full exposure to losses of index
Initial level:	23,515.26
Threshold level:	18,812.21, 80% of initial level
Pricing date:	April 23
Settlement date:	April 30
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	13607H805

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