New Issue: CIBC prices $745,000 notes linked to 30 stocks picked by Raymond James

By Angela McDaniels

Tacoma, Wash., July 22 – Canadian Imperial Bank of Commerce priced $745,000 of 0% notes due July 27, 2020 linked to a basket of 30 stocks selected by Raymond James & Associates, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Aaron’s, Inc., Amedisys, Inc., AT&T Inc., Best Buy Co., Inc., Bloomin’ Brands, Inc., Cheesecake Factory Inc., Charter Communications, Inc., Ciena Corp., Comcast Corp., Cisco Systems, Inc., Cubic Corp., Dollar General Corp., DaVita Inc., Dine Brands Global, Inc., Encompass Health Corp., Evertec, Inc., Fidelity National Information Services, Inc., HCA Healthcare, Inc., Hill-Rom Holdings, Inc., IPG Photonics Corp., Jabil Inc., Mastercard Inc., Microsoft Corp., Nvidia Corp., Oracle Corp., Qualcomm Inc., Service Corp. International, Spotify Technology SA, Telephone and Data Systems, Inc. and Tempur Sealy International, Inc. Each stock has a weight of about 3.3333%.

For each stock, its final price will equal the sum of its closing price on the final valuation date plus its dividend amount, which will equal 100% of the gross cash distributions (including ordinary and extraordinary dividends), after withholding tax, if any, per share of the stock declared by its issuer where the date that the stock has begun trading ex-dividend on its primary U.S. securities exchange for the relevant distribution occurs during the life of the notes.

The payout at maturity will be par plus 97.8% of the basket return. The notes are not principal protected, so investors will receive less than par if the basket return is negative.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Notes
Underlying stocks:	Aaron’s, Inc., Amedisys, Inc., AT&T Inc., Best Buy Co., Inc., Bloomin’ Brands, Inc., Cheesecake Factory Inc., Charter Communications, Inc., Ciena Corp., Comcast Corp., Cisco Systems, Inc., Cubic Corp., Dollar General Corp., DaVita Inc., Dine Brands Global, Inc., Encompass Health Corp., Evertec, Inc., Fidelity National Information Services, Inc., HCA Healthcare, Inc., Hill-Rom Holdings, Inc., IPG Photonics Corp., Jabil Inc., Mastercard Inc., Microsoft Corp., Nvidia Corp., Oracle Corp., Qualcomm Inc., Service Corp. International, Spotify Technology SA, Telephone and Data Systems, Inc. and Tempur Sealy International, Inc.
Amount:	$745,000
Maturity:	July 27, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 97.8% of basket return
Final share prices:	For each stock, final price equals sum of closing price on final valuation date plus dividend amount, which equals 100% of gross cash distributions (including ordinary and extraordinary dividends), after withholding tax, if any, per share of stock declared by its issuer where date that stock has begun trading ex-dividend on its primary U.S. securities exchange for relevant distribution occurs during life of notes
Pricing date:	July 19
Settlement date:	July 24
Underwriter:	CIBC World Markets Corp.
Fees:	1.25%
Cusip:	136071AN7

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