CIBC reports plans to price Accelerated Return Notes on Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., June 26 – Canadian Imperial Bank of Commerce plans to price 0% Accelerated Return Notes due September 2021 linked to the Euro Stoxx 50 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, subject to a maximum payout that is expected to fall between 14.5% and 18.5% and will be set at pricing.

Investors will lose 1% for each 1% decline.

BofA Securities Inc. is the agent.

The notes will price in July and settle in August.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.