New Issue: CIBC prices $2.1 million leveraged buffered notes on indexes, ETF

By Wendy Van Sickle

Columbus, Ohio, July 27 – Canadian Imperial Bank of Commerce priced $2.1 million of 0% leveraged buffered notes due June 6, 2024 linked to the S&P 500 index, Russell 2000 index and the SPDR Dow Jones industrial average ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the least-performing asset return is positive, the payout at maturity will be par plus 1.2 times the gain of that asset. Investors will receive par if the least-performing asset falls by up to 15% and will lose 1% for each 1% loss of the least-performing asset beyond 15%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged buffered notes
Underlying assets:	S&P 500 index, Russell 2000 index, SPDR Dow Jones industrial average ETF
Amount:	$2.1 million
Maturity:	June 6, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times any gain of the least performing asset; par if least-performing asset falls by up to 15%; 1% loss for each 1% decline of least-performing asset beyond 15%
Initial levels:	4,202.04 for S&P, 2,294.742 for Russell, $345.87 for ETF
Buffer levels:	3,571.73 for S&P, 1,950.531 for Russell, $293.99 for ETF, 85% of initial levels
Pricing date:	June 2
Settlement date:	June 7
Agent:	CIBC World Markets Corp.
Fees:	0.6%
Cusip:	13605W4E8

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