New Issue: CIBC sells $8.09 million capped leveraged buffered notes on index basket

By Sarah Lizee

Olympia, Wash., Oct. 10 – Canadian Imperial Bank of Commerce priced $8.09 million of 0% capped leveraged buffered notes due July 29, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus two times any basket gain, up to a maximum settlement amount of $1,550 per $1,000 principal amount.

Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered notes
Underlying basket:	Euro Stoxx 50 index (36% weight), Topix index (27% weight), FTSE 100 index (20% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
Amount:	$8.09 million
Maturity:	July 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus two times the basket gain, capped at $1,550 per $1,000 principal amount; if basket falls by up to 15%, par; if basket falls by more than 15%, 1.1765% loss for every 1% decline beyond the buffer
Initial levels:	3,345.51 for Stoxx, 1,792.65 for Topix, 7,318.54 for FTSE, 9,042.08 for Swiss and 6,185.486 for S&P/ASX
Pricing date:	Oct. 5
Settlement date:	Oct. 15
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605WMN8

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