New Issue: CIBC sells $42.05 million Leveraged Index Return Notes on the Dow

By Marisa Wong

Morgantown, W.Va., June 6 – Canadian Imperial Bank of Commerce priced $42.05 million of 0% Leveraged Index Return Notes due May 31, 2024 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 plus 119.1% of any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$42,049,820
Maturity:	May 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 119.1% of any index gain; par if index falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial value:	25,169.88
Buffer value:	20,135.90, 80% of initial value
Pricing date:	May 30
Settlement date:	June 6
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	13607G849

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