New Issue: CIBC prices $7.14 million digital index-linked notes on Stoxx

By William Gullotti

Buffalo, N.Y., April 12 – Canadian Imperial Bank of Commerce priced $7.14 million of 0% digital index-linked notes due Feb. 7, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 82.5% buffer level, the payout at maturity will be par plus 17.64%. Otherwise, investors will lose 1.2121% for every 1% that the index declines beyond 17.5%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Digital index-linked notes
Underlying index:	Euro Stoxx 50 index
Amount:	$7.14 million
Maturity:	Feb. 7, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above buffer level, par plus 17.64%; otherwise, 1.2121% loss for every 1% that index declines beyond 17.5%
Initial index level:	4,309.45
Buffer level:	82.5% of initial level
Pricing date:	April 6
Settlement date:	April 13
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13607XH75

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