New Issue: CIBC prices $14.56 million leveraged notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., July 11 – Canadian Imperial Bank of Commerce priced $14.56 million of 0% capped Leveraged Index Return Notes due June 29, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 26.4%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it may decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50
Amount:	$14,561,640
Maturity:	June 29, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, up to 26.4% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index may decline beyond 10%
Initial index level:	2,780.10
Threshold value:	2,502.09, 90% of initial level
Final index level:	Average of index’s closing levels on five trading days ending June 26, 2018
Pricing date:	July 7
Settlement date:	July 13
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	13606M706

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