New Issue: CIBC sells $4.6 million leveraged buffered notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Sept. 12 – Canadian Imperial Bank of Commerce priced $4.6 million of 0% leveraged buffered notes due Sept. 19, 2022 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 137% of the index return. Investors will receive par if the index declines by 30% or less and will lose 1% for each 1% that the index may decline beyond 30%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged buffered notes
Underlying index:	Euro Stoxx 50
Amount:	$4.6 million
Maturity:	Sept. 19, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 137% of any index gain; par if index declines by 30% or less; 1% loss for each 1% decline beyond 30%
Initial index level:	3,516.82
Buffer level:	2,461.77, 70% of initial level
Pricing date:	Sept. 11
Settlement date:	Sept. 18
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605WSJ1

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