New Issue: CIBC sells $546,000 notes linked to Raymond James stock selections

By Marisa Wong

Morgantown, W.Va., May 7 – Canadian Imperial Bank of Commerce priced $546,000 of notes linked to Raymond James equity securities selections due April 21, 2021, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are linked to an equally weighted basket of 21 common equity securities selected by Raymond James & Associates, Inc. The reference shares are Allstate Corp., Best Buy Co., Inc., Cheesecake Factory Inc., Comcast Corp., CareTrust REIT, Inc., Chevron Corp., Delta Air Lines, Inc., Fastenal Co., Halliburton Co., Home Depot, Inc., Hewlett Packard Enterprise Co., Medtronic plc, Marathon Petroleum Corp., Old Republic International Corp., Qualcomm Inc., Steelcase Inc., STAG Industrial, Inc., AT&T Inc., Union Pacific Corp., United Parcel Service, Inc. and Walmart Inc.

Interest is payable quarterly. The amount of interest to be paid will depend on the total dividends paid on the reference stocks during the preceding quarter.

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 equity securities selections
Underlying basket:	Allstate Corp. (Symbol: ALL), Best Buy Co., Inc. (Symbol: BBY), Cheesecake Factory Inc. (Symbol: CAKE), Comcast Corp. (Symbol: CMCSA), CareTrust REIT, Inc. (Symbol: CTRE), Chevron Corp. (Symbol: CVX), Delta Air Lines, Inc. (Symbol: DAL), Fastenal Co. (Symbol: FAST), Halliburton Co. (Symbol: HAL), Home Depot, Inc. (Symbol: HD), Hewlett Packard Enterprise Co. (Symbol: HPE), Medtronic plc (Symbol: MDT), Marathon Petroleum Corp. (Symbol: MPC), Old Republic International Corp. (Symbol: ORI), Qualcomm Inc. (Symbol: QCOM), Steelcase Inc. (Symbol: SCS), STAG Industrial, Inc. (Symbol: STAG), AT&T Inc. (Symbol: T), Union Pacific Corp. (Symbol: UNP), United Parcel Service, Inc. (Symbol: UPS) and Walmart Inc. (Symbol: WMT); equally weighted
Amount:	$546,000
Maturity:	April 21, 2021
Coupon:	Payable quarterly; amount to be paid will depend on the total dividends paid on the reference stocks during the preceding quarter
Price:	Par of $1,000
Payout at maturity:	Par times 98.6% times the basket return
Initial prices:	$96.72 for Allstate, $73.64 for Best Buy, $47.03 for Cheesecake Factory, $42.43 for Comcast, $23.39 for CareTrust, $119.86 for Chevron, $58.17 for Delta, $71.08 for Fastenal, $31.13 for Halliburton, $205.66 for Home Depot, $16.66 for HP, $84.22 for Medtronic, $59.81 for Marathon, $21.05 for Old Republic, $79.89 for Qualcomm, $16.44 for Steelcase, $28.84 for STAG, $32.03 for AT&T, $176.66 for Union Pacific, $114.15 for UPS, $103.18 for Walmart
Pricing date:	April 18
Settlement date:	April 25
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	136071AD9

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