New Issue: CIBC prices $750,000 capped leveraged notes on basket of 50 stocks

By Sarah Lizee

Olympia, Wash., Feb. 24 – Canadian Imperial Bank of Commerce priced $750,000 of 0% capped leveraged notes due March 17, 2021 linked to a basket of 50 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the common stocks of American International Group, Inc. with a 1.9701% weight, Assurant, Inc. with a 1.9530% weight, Alexion Pharmaceuticals, Inc. with a 2.0106% weight, Amazon.com, Inc. with a 2.0432% weight, Citigroup Inc. with a 2.0292% weight, Comcast Corp. with a 2.0584% weight, Centene Corp. with a 2.0430% weight, salesforce.com, inc. with a 2.1577% weight, Cisco Systems, Inc. with a 1.9841% weight, DISH Network Corp. with a 1.9936% weight, Exelon Corp. with a 2.0084% weight, Diamondback Energy, Inc. with a 2.0342% weight, Facebook, Inc. with a 2.1022% weight, F5 Networks, Inc. with a 1.9297% weight, Fidelity National Information Services, Inc. with a 2.0413% weight, FLIR Systems, Inc. with a 2.0175% weight, General Dynamics Corp. with a 1.9858% weight, Gilead Sciences, Inc. with a 1.8803% weight, General Motors Co. with a 1.8504%, International Business Machines Corp. with a 1.9758% weight, Intercontinental Exchange, Inc. with a 2.0187% weight, Idexx Laboratories, Inc. with a 2.1631% weight, Coca-Cola Co. with a 2.0227% weight, Laboratory Corp. of America Holdings with a 2.0829% weight, Lincoln National Corp. with a 1.9032% weight, McDonald’s Corp. with a 2.0866% weight, Mondelez International, Inc. with a 1.9376% weight, Mosaic Co. with a 1.9438% weight, Marathon Petroleum Corp. with a 1.8502% weight, Motorola Solutions, Inc. with a 2.0771% weight, Mylan NV with a 2.1849% weight, Netflix, Inc. with a 1.9735% weight, Nielsen Holdings plc with a 2.0289% weight, NRG Energy, Inc. with a 1.8408% weight, Progressive Corp. with a 2.0692% weight, Quanta Services, Inc. with a 1.9120% weight, PayPal Holdings, Inc. with a 2.0710% weight, Simon Property Group, Inc. with a 1.9826% weight, Constellation Brands, Inc. with a 1.9813% weight, Stryker Corp. with a 1.9306% weight, T-Mobile US, Inc. with a 2.0337% weight, Tractor Supply Co. with a 1.9231% weight, Tyson Foods, Inc. with a 1.9595% weight, Textron Inc. with a 1.9671% weight, United Airlines Holdings, Inc. with a 1.9393% weight, Unum Group with a 1.9050% weight, Visa Inc. with a 2.0840% weight, VeriSign, Inc. with a 2.1576% weight, Xerox Holdings Corp. with a 1.9279% weight and Yum! Brands, Inc. with a 1.9736% weight.

If the basket return is positive, the payout at maturity will be par plus 200% of the basket return, subject to a maximum return of 10.8%. If the basket return is negative, investors will have one-to-one downside exposure to the decline.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged notes
Underlying basket:	American International Group, Inc. with a 1.9701% weight, Assurant, Inc. with a 1.9530% weight, Alexion Pharmaceuticals, Inc. with a 2.0106% weight, Amazon.com, Inc. with a 2.0432% weight, Citigroup Inc. with a 2.0292% weight, Comcast Corp. with a 2.0584% weight, Centene Corp. with a 2.0430% weight, salesforce.com, inc. with a 2.1577% weight, Cisco Systems, Inc. with a 1.9841% weight, DISH Network Corp. with a 1.9936% weight, Exelon Corp. with a 2.0084% weight, Diamondback Energy, Inc. with a 2.0342% weight, Facebook, Inc. with a 2.1022% weight, F5 Networks, Inc. with a 1.9297% weight, Fidelity National Information Services, Inc. with a 2.0413% weight, FLIR Systems, Inc. with a 2.0175% weight, General Dynamics Corp. with a 1.9858% weight, Gilead Sciences, Inc. with a 1.8803% weight, General Motors Co. with a 1.8504%, International Business Machines Corp. with a 1.9758% weight, Intercontinental Exchange, Inc. with a 2.0187% weight, IDEXX Laboratories, Inc. with a 2.1631% weight, Coca-Cola Co. with a 2.0227% weight, Laboratory Corp. of America Holdings with a 2.0829% weight, Lincoln National Corp. with a 1.9032% weight, McDonald’s Corp. with a 2.0866% weight, Mondelez International, Inc. with a 1.9376% weight, Mosaic Co. with a 1.9438% weight, Marathon Petroleum Corp. with a 1.8502% weight, Motorola Solutions, Inc. with a 2.0771% weight, Mylan NV with a 2.1849% weight, Netflix, Inc. with a 1.9735% weight, Nielsen Holdings plc with a 2.0289% weight, NRG Energy, Inc. with a 1.8408% weight, Progressive Corp. with a 2.0692% weight, Quanta Services, Inc. with a 1.9120% weight, PayPal Holdings, Inc. with a 2.0710% weight, Simon Property Group, Inc. with a 1.9826% weight, Constellation Brands, Inc. with a 1.9813% weight, Stryker Corp. with a 1.9306% weight, T-Mobile US, Inc. with a 2.0337% weight, Tractor Supply Co. with a 1.9231% weight, Tyson Foods, Inc. with a 1.9595% weight, Textron Inc. with a 1.9671% weight, United Airlines Holdings, Inc. with a 1.9393% weight, Unum Group with a 1.9050% weight, Visa Inc. with a 2.0840% weight, VeriSign, Inc. with a 2.1576% weight, Xerox Holdings Corp. with a 1.9279% weight and Yum! Brands, Inc. with a 1.9736% weight
Amount:	$750,000
Maturity:	March 17, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain, capped at $1,108 per $1,000 principal amount; full exposure to any decline in basket
Initial levels:	$48.48 for AIG, $142.52 for Assurant, $102.56 for Alexion, $2,134.87 for Amazon.com, $78.79 for Citi, $46.09 for Comcast, $64.94 for Centene, $189.95 for salesforce, $46.97 for Cisco, $39.97 for DISH, $49.76 for Exelon, $74.97 for Diamondbank, $214.18 for Facebook, $127.51 for F5, $157.44 for Fidelity, $57.51 for FLIR, $188.06 for General Dynamics, $67.56 for Gilead, $34.76 for GM, $150.70 for IBM, $96.86 for Intercontinental Exchange, $288.78 for Idexx, $59.95 for Coca-Cola, $195.28 for Lab Corp., $61.11 for Lincoln, $217.09 for McDonald’s, $59.68 for Mondelez, $18.75 for Mosaic, $58.33 for Marathon, $184.41 for Motorola, $21.90 for Mylan, $380.40 for Netflix, $21.39 for Nielsen, $40.06 for NRG, $83.77 for Progressive, $40.50 for Quanta, $122.99 for PayPal, $138.92 for Simon, $203.83 for Constellation, $221.54 for Stryker, $96.48 for T-Mobile, $98.17 for Tractor, $80.51 for Tyson, $48.08 for Textron, $79.55 for United Airlines, $30.01 for Unum, $210.29 for Visa, $209.57 for VeriSign, $37.82 for Xerox, $105.28 for Yum!
Pricing date:	Feb. 14
Settlement date:	Feb. 24
Agent:	CIBC World Markets Corp.
Fees:	1.07%
Cusip:	13605WVH1

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