CIBC plans to price Accelerated Return Notes linked to Regional Banks

By Marisa Wong

Morgantown, W.Va., June 28 – Canadian Imperial Bank of Commerce plans to price 0% Accelerated Return Notes due August 2018 linked to the S&P Regional Banks Select Industry index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 14.5% to 18.5%. Investors will be exposed to any index decline.

BofA Merrill Lynch is the agent.

The notes will price in June and settle in July.

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