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CIBC plans capped leveraged notes tied to five international indexes
New York, July 17 – Canadian Imperial Bank of Commerce plans to price 17- to 20-month 0% capped leveraged notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus three times any basket gain, up to a maximum settlement amount that is expected to be between $1,286.80 and $1,337.20 per $1,000 of notes and will be set at pricing.
Investors will lose 1% for each 1% decline in the basket.
The exact maturity date and maximum settlement amount will be set at pricing.
CIBC World Markets is the agent.
The Cusip is 13605WEL1.
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