New Issue: CIBC prices $25.32 million Capped Leveraged Index Return Notes on Stoxx

By Marisa Wong

Morgantown, W.Va., April 11 – Canadian Imperial Bank of Commerce priced $25.32 million of 0% Capped Leveraged Index Return Notes due May 31, 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 double any index gain, capped at 28.02%.

Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50
Amount:	$25,321,430
Maturity:	May 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 28.02%; par if index falls by up to 5%; 1% loss for every 1% decline beyond 5%
Initial index level:	3,331.25
Pricing date:	March 28
Settlement date:	April 5
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	13606M649

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