New Issue: CIBC prices $27.14 million four-year Mitts tied to index basket

By Sarah Lizee

Olympia, Wash., April 30 – Canadian Imperial Bank of Commerce priced $27.14 million of 0% Market Index Target-Term Securities due April 28, 2023 tied 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 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.

The payout at maturity will be par of $10 plus 118.5% of any basket gain.

If the basket falls, the payout will be par.

BofA Merrill Lynch is the underwriter.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market Index Target-Term Securities
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock Average (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$27,139,370
Maturity:	April 28, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket gains, par plus 118.5% of return; par if basket falls or is flat
Initial index levels:	3,491.92 for Stoxx, 7,434.13 for FTSE, 22,307.58 for Nikkei, 9,694.06 for Swiss, 6,385.646 for S&P/ASX, 29,549.80 for Hang Seng
Pricing date:	April 25
Settlement date:	May 2
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	13607G302

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