New Issue: CIBC prices $2.01 million buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 28 – Canadian Imperial Bank of Commerce priced $2.01 million of 0% buffered notes due April 30, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index gain. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% loss beyond the buffer.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$2,013,000
Maturity:	April 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 10%; 1% loss for each 1% decline beyond buffer
Initial level:	3,390.68
Buffer level:	3,051.61, 90% of initial level
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	CIBC World Markets Corp.
Fees:	3.25%
Cusip:	13605WH95

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