CIBC plans 18- to 21-month digital return notes tied to Stoxx 50

By Susanna Moon

Chicago, Oct. 25 – Canadian Imperial Bank of Commerce plans to price 0% digital notes due in 18 to 21 months linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 87.5% barrier level, the payout at maturity will be the maximum settlement amount of $1,114.70 to $1,134.80 for each $1,000 principal amount. The exact digital return will be set at pricing.

Otherwise, investors will lose 1.1429% for each 1% decline beyond 12.5%.

CIBC World Markets Corp. is the agent.

The Cusip number is 13605WGQ8.

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