New Issue: CIBC prices $3.68 million Leveraged Index Return Notes on basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 11 – Canadian Imperial Bank of Commerce priced $3.68 million of 0% Leveraged Index Return Notes due July 28, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei 225 index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the Hang Seng index with an initial weight of 10%.

If the basket return is positive, the payout at maturity will be par plus 1.5915 times the basket return.

Investors will be exposed to any declines in the basket.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged Index Return Notes
Underlying indexes:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), the S&P/ASX 200 index (7.5% weight) and the Hang Seng index (5% weight)
Amount:	$3,683,710
Maturity:	July 28, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5915 times any basket gain; exposure to any losses
Initial index levels:	3,208.2 for Euro Stoxx 50; 5,989.99 for FTSE 100; 22,339.23 for Nikkei 225; 10,095.34 for Swiss Market; 6,051.08 for S&P/ASX 200; 24,710.59 for Hang Seng
Pricing date:	July 30
Settlement date:	Aug. 6
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	13607H722

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