New Issue: CIBC sells $2.09 million capped leveraged notes on indexes

By Wendy Van Sickle

Columbus, Ohio, July 17 – Canadian Imperial Bank of Commerce priced $2.09 million of 0% capped leveraged notes due Dec. 18, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes 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.

If the basket return is positive, the payout at maturity will be par plus 3 times the basket return, subject to a maximum settlement amount of $1,294 per $1,000 principal amount.

If the basket falls, investors will be fully exposed to the loss.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged notes
Underlying indexes:	Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
Amount:	$2.09 million
Maturity:	Dec. 18, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 3 times the basket gain, return capped at 29.4%; full exposure to any basket decline
Initial levels:	3,527.83 for Euro Stoxx, 7,413.44 for FTSE, 1,619.11 for Topix, 9,003.57 for Swiss Market, 5,736.768 for S&P/ASX 200
Pricing date:	July 13
Settlement date:	July 20
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605WEB3

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