New Issue: CIBC sells $3.33 million digital index-linked notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Sept. 19 – Canadian Imperial Bank of Commerce priced $3.33 million of 0% digital notes due Dec. 12, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to 82.5% of the initial level, the payout at maturity will be par plus 22.35%.

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 notes
Underlying index:	Euro Stoxx 50 index
Amount:	$3,327,000
Maturity:	Dec. 12, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is greater than or equal to 82.5% of the initial level, par plus 22.35%; otherwise, investors will lose 1.2121% for every 1% that the index declines beyond 17.5%
Initial index level:	4,223.48
Threshold level:	82.5% of initial level
Pricing date:	Sept. 13
Settlement date:	Sept. 20
Agent:	CIBC World Markets Corp.
Fees:	0%
Cusip:	13607XN86

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