New Issue: CIBC prices $18.8 million of capped Mitts linked to Dow

By William Gullotti

Buffalo, N.Y., March 7 – Canadian Imperial Bank of Commerce priced $18.8 million of 0% capped Market Index Target-Term Securities due Feb. 23, 2029 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus any index gain, subject to a maximum return of par plus 85%.

If the index falls, the payout will be par.

BofA Securities, Inc. is the underwriter.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Market Index Target-Term Securities
Underlying index:	Dow Jones industrial average
Amount:	$18,795,680
Maturity:	Feb. 23, 2029
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus the return capped at 85%; par if index falls or is flat
Initial level:	33,003.57
Pricing date:	March 2
Settlement date:	March 9
Underwriter:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	13607Y873

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