New Issue: CIBC prices $2.39 million capped leveraged buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 22 – Canadian Imperial Bank of Commerce priced $2.39 million of 0% capped leveraged buffered notes due March 8, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.2 times the index gain, capped at par plus 18.12%. Investors will receive par if the index 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 index:	S&P 500
Amount:	$2,385,000
Maturity:	March 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times any index gain, capped at par plus 18.12%; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
Initial level:	4,239.18
Buffer level:	90% of initial level
Pricing date:	June 10
Settlement date:	June 17
Agent:	CIBC World Markets Corp.
Fees:	0%
Cusip:	13605W4H1

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