New Issue: CIBC sells $229,000 notes on 16 Raymond James Energy Sector top picks

By Sarah Lizee

Olympia, Wash., Nov. 29 – Canadian Imperial Bank of Commerce priced $229,000 of 0% notes linked to Raymond James Energy Sector Top Selections due Nov. 25, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are linked to an equally weighted basket of 16 common equity securities of entities engaged in the energy industry selected in October by Raymond James & Associates, Inc. The reference shares are Chevron Corp., Concho Resources Inc., Continental Resources, Inc., Delek US Holdings, Inc., Halliburton Co., Marathon Oil Corp., Marathon Petroleum Corp., Nabors Industries Ltd., Nine Energy Service, Inc., Occidental Petroleum Corp., Parsley Energy, Inc., Patterson-UTI Energy, Inc., ProPetro Holding Corp., Superior Energy Services, Inc., Unit Corp. and WPX Energy, Inc.

The payout at maturity will be par of $1,000 times 98.6% times the basket level percentage. Because of the 98.6% participation rate, investors will receive less than par if the basket does not gain by at least 1.42%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Notes linked to Raymond James Energy Sector Top Selections
Underlying basket:	Chevron Corp. (Symbol: CVX), Concho Resources Inc. (Symbol: CXO), Continental Resources, Inc. (Symbol: CLR), Delek US Holdings, Inc. (Symbol: DK), Halliburton Co. (Symbol: HAL), Marathon Oil Corp. (Symbol: MRO), Marathon Petroleum Corp. (Symbol: MPC), Nabors Industries Ltd. (Symbol: NBR), Nine Energy Service, Inc. (Symbol: NINE), Occidental Petroleum Corp. (Symbol: OXY), Parsley Energy, Inc. (Symbol: PE), Patterson-UTI Energy, Inc. (Symbol: PTEN), ProPetro Holding Corp. (Symbol: PUMP), Superior Energy Services, Inc. (Symbol: SPN), Unit Corp. (Symbol: UNT) and WPX Energy, Inc. (Symbol: WPX); equally weighted
Amount:	$229,000
Maturity:	Nov. 25, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par times 98.6% times the basket return
Initial prices:	$117.57 for Chevron, $135.51 for Concho, $46.40 for Continental, $37.78 for Delek, $31.93 for Halliburton, $16.41 for Marathon Oil, $63.73 for Marathon Petroleum, $4.05 for Nabors, $29.74 for Nine Energy; $72.08 for Occidental, $21.74 for Parsley, $14.64 for Patterson-UTI, $18.30 for ProPetro, $6.57 for Superior, $21.52 for Unit and $13.61 for WPX
Pricing date:	Nov. 21
Settlement date:	Nov. 29
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	1360692W0

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