New Issue: CIBC sells $1.36 million leveraged market-linked notes tied to Stoxx

By Marisa Wong

Los Angeles, Feb. 11 – Canadian Imperial Bank of Commerce priced $1.36 million of 0% market-linked securities with leveraged upside participation and contingent downside due Feb. 4, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 208% of any index gain.

Investors will receive par if the index falls by up 40% and will lose 1% for every 1% decline in the index if it falls by more than 40%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities with leveraged upside participation and contingent downside
Underlying index:	Euro Stoxx 50 index
Amount:	$1.36 million
Maturity:	Feb. 4, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 208% of any index gain; par if the index falls by up to 40%; if index falls by more than 40%, full exposure to losses
Initial index level:	3,690.78
Threshold level:	2,214.468, 60% of initial level
Pricing date:	Jan. 30
Settlement date:	Feb. 4
Agent:	Wells Fargo Securities, LLC
Fees:	3.85%
Cusip:	13605WVB4

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