New Issue: CIBC prices $3.68 million capped leveraged buffered notes on EAFE ETF

By Marisa Wong

Los Angeles, June 22 – Canadian Imperial Bank of Commerce priced $3,684,000 of 0% capped leveraged buffered notes due Jan. 10, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 1.5 times the ETF gain, capped at par plus 26%. Investors will receive par if the ETF falls by up to 10% and will lose 1.1111% for each 1% loss beyond 10%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered notes
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$3,684,000
Maturity:	Jan. 10, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any ETF gain, capped at par plus 26%; par if ETF falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
Initial price:	$63.82
Buffer price:	$57.44, 90% of initial price
Final price:	Average of closing share prices on each of five trading days ending Jan. 5, 2022
Pricing date:	June 5
Settlement date:	June 10
Agent:	CIBC World Markets Corp.
Fees:	0.25%
Cusip:	13605WYY1

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