New Issue: CIBC prices $3.93 million leveraged buffered notes tied to index basket

By Susanna Moon

Chicago, Sept. 19 – Canadian Imperial Bank of Commerce priced $3.93 million of leveraged buffered notes due Aug. 20, 2019 linked to a basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 37% initial weight, the FTSE 100 index with a 23% initial weight, the Topix index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight.

The payout at maturity will be par plus 1.6 times any basket gain, up to a maximum settlement amount of $1,344 per $1,000 principal amount of notes.

Investors will receive par if the index 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:	Leveraged buffered notes
Underlying basket:	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:	$3,932,000
Maturity:	Aug. 20, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 160% of any basket gain, capped at 34.4%; par if index falls by 15% or less; 1.1765% loss for each 1% decline beyond 15%
Initial index levels:	3,526.48 for Stoxx, 7,295.39 for FTSE, 1,632.13 for Topix, 9,071.43 for Swiss Market and 5,738.678 for S&P/ASX
Barrier level:	85% of initial levels
Pricing date:	Sept. 14
Settlement date:	Sept. 21
Underwriter:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605WFR7

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