New Issue: CIBC sells $17.33 million Leveraged Index Return Notes on Stoxx

By William Gullotti

Buffalo, N.Y., March 29 – Canadian Imperial Bank of Commerce priced $17.33 million of 0% Leveraged Index Return Notes due March 29, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 169.51% of the index gain.

Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50 index
Principal amount:	$17,326,710
Maturity:	March 29, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 169.51% of any index gain; par if index declines by 20% or less; otherwise, 1% loss for every 1% that index declines beyond 20%
Initial level:	3,863.39
Threshold level:	3,090.71; 80% of initial level
Final level:	Average of index’s closing levels on five trading days ending March 23, 2027
Pricing date:	March 24
Settlement date:	March 31
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	13607V176

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