New Issue: CIBC sells $5.11 million capped leveraged basket-linked notes

By Wendy Van Sickle

Columbus, Ohio, Nov. 28 – Canadian Imperial Bank of Commerce priced $5.11 million of 0% capped leveraged notes due Dec. 13, 2024 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 36% weight, the FTSE 100 index with a 17% weight, the Topix index with a 26% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with an 9% 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 $1,552 per $1,000 principal amount of notes.

Otherwise, investors will be fully exposed to any basket decline.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged notes
Underlying indexes:	Euro Stoxx 50 index (36% weight), FTSE 100 index (17% weight), Topix index (26% weight), Swiss Market index (12% weight) and S&P/ASX 200 index (9% weight)
Amount:	$5,114,000
Maturity:	Dec. 13, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 3 times the basket gain, return capped at par plus 55.2%; full exposure to loss
Initial levels:	3,909.28 for Euro Stoxx, 7,376.85 for FTSE, 1,972.57 for Topix, 11,085.04 for Swiss Market, 7,139.253 for S&P/ASX 200
Pricing date:	Nov. 21
Settlement date:	Nov. 29
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13607XDK0

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