New Issue: CIBC sells $4.68 million digital index-linked notes due 2021 on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Oct. 17 – Canadian Imperial Bank of Commerce priced $4.68 million of 0% digital index-linked notes due June 16, 2021 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 87.5% of its initial level, the payout at maturity will be $1,143.50 per $1,000 principal amount of notes.

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

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Digital index-linked notes
Underlying index:	Euro Stoxx 50
Amount:	$4,675,000
Maturity:	June 16, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 87.5% of initial level, $1,143.50 per $1,000 principal amount of notes; otherwise, 1.1429% loss per 1% decline beyond 12.5%
Initial level:	3,493.96
Threshold level:	87.5% of initial level
Pricing date:	Oct. 10
Settlement date:	Oct. 18
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605WSZ5

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