New Issue: CIBC sells $4.04 million buffered market-linked notes on S&P 500

By Kiku Steinfeld

Chicago, May 11 – Canadian Imperial Bank of Commerce priced $4.04 million of market-linked securities – upside participation and fixed percentage buffered downside due May 1, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain unless the index finishes below its 80% buffer level, in which case investors will be exposed to losses of the index beyond 20%

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market linked securities – upside participation and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$4,041,000
Maturity:	May 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain unless index finishes below buffer level, in which case exposure to any losses beyond buffer
Initial level:	2,836.74
Threshold level:	2,269.392, 80% of initial level
Pricing date:	April 24
Settlement date:	April 29
Agent:	Wells Fargo Securities, LLC
Fees:	4.16%
Cusip:	13605WXJ5

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