CIBC plans capped notes with 4x leverage due 2020 tied to Stoxx 50

By Susanna Moon

Chicago, June 13 – Canadian Imperial Bank of Commerce plans to price 0% capped leveraged notes due in 24 and 27 months 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 400% of any index gain, up to a maximum settlement amount of between $1,594.80 and $1,699.20 for each $1,000 principal amount.

Investors will lose 1% for each 1% decline.

CIBC World Markets Corp. is the agent.

The Cusip number is 13605WLQ2.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.