New Issue: CIBC prices $1.58 million market-linked notes tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., March 7 – Canadian Imperial Bank of Commerce priced $1.58 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.75 times any index gain, up to a maximum return of 37.5%.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50
Amount:	$1,582,000
Maturity:	Sept. 3, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.75 times any index gain, capped at 37.5%; par if index falls by up to 20%; exposure to any losses beyond 20%
Initial level:	2,945.75
Threshold level:	2,356.60, 80% of initial level
Pricing date:	Feb. 29
Settlement date:	March 3
Agent:	Wells Fargo Securities, LLC
Fees:	2.59%
Cusip:	13605WBG5

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