| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Swiss Market index > News item |
CIBC announces plans to price leveraged notes linked to index basket
By Devika Patel
Knoxville, Tenn., July 6 – Canadian Imperial Bank of Commerce plans to price 0% leveraged notes due July 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The exact maturity date of the notes will be set at pricing.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is positive, the payout at maturity will be par plus 210% to 230% of the basket return, with the exact participation rate to be set at pricing.
Investors will lose 1% for each 1% decline.
BofA Merrill Lynch is the agent.
The notes will price in July and settle in August.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.