New Issue: CIBC sells $305,000 leveraged upside participation notes on Stoxx

Chicago, July 15 – Canadian Imperial Bank of Commerce priced $305,000 of 0% leveraged upside participation market-linked securities with a fixed percentage downside due July 3, 2024 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 plus 200% of the gain.

If the index falls by up to 25%, the payout will be par.

If the index falls by more than 25%, investors will lose 1% for every 1% decline beyond 25%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged upside participation market-linked securities with fixed percentage downside
Underlying index:	Euro Stoxx 50 index
Amount:	$305,000
Maturity:	July 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 200% of the gain; if the index falls by up to 25%, par; if the index falls by more than 25%, 1% loss for every 1% drop beyond 25%
Initial level:	3,395.60
Threshold level:	2,605.2675, 75% of initial level
Pricing date:	June 28
Settlement date:	July 3
Agent:	Wells Fargo Securities, LLC
Fees:	4.03%
Cusip:	13605WRH6

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