New Issue: CIBC sells $1.09 million upside participation market-linked notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Oct. 4 – Canadian Imperial Bank of Commerce priced $1.09 million of 0% market-linked securities – upside participation with contingent minimum return and fixed percentage buffered downside due Oct. 3, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or finishes flat, the payout at maturity will be par plus the greater of the gain in the index and 46.5%.

If the index falls by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index beyond 30%.

Wells Fargo Securities LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities – upside participation with contingent minimum return and fixed percentage buffered downside
Underlying:	Euro Stoxx 50 index
Amount:	$1,093,000
Maturity:	Oct. 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or finishes flat, par plus greater of index return and 46.5%; if index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of index beyond 30%
Initial level:	4,161.56
Buffer level:	2,913.092; 70% of initial level
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agent:	Wells Fargo Securities LLC
Fees:	3.87%
Cusip:	13607XMU8

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