New Issue: CIBC prices $8.42 million trigger PLUS linked to Euro Stoxx 50 index

By Wendy Van Sickle

Columbus, Ohio, Feb. 22 – Canadian Imperial Bank of Commerce priced $8.42 million of 0% trigger PLUS due March 5, 2030 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 251% of the index return.

Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% that it declines if it finishes below the 70% trigger level.

CIBC World Markets Corp. is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Trigger PLUS
Underlying index:	Euro Stoxx 50 index
Amount:	$8.42 million
Maturity:	March 5, 2030
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 251% of index return; par if index declines by 30% or less; otherwise, full exposure to loss
Initial level:	4,709.22
Trigger level:	3,296.454; 70% of initial level
Pricing date:	Feb. 14
Settlement date:	Feb. 20
Agent:	CIBC World Markets Corp.
Dealer:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	13607XQC4

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