New Issue: CIBC prices $1.57 million market-linked notes with leveraged upside on iShares EAFE

By Marisa Wong

Morgantown, W.Va., Sept. 6 – Canadian Imperial Bank of Commerce priced $1.57 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 6, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 175% of any fund gain, up to a maximum return of 30%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$1,568,000
Maturity:	Sept. 6, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the fund return is positive, par plus 1.75 times fund gain, return capped at 30%; par if the fund declines by 10% or less; 1% loss for every 1% drop beyond 10%
Initial price:	$58.35
Threshold price:	$52.515, 90% of initial price
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	Wells Fargo Securities, LLC
Fees:	3.02%
Cusip:	13605WBR1

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