New Issue: CIBC sells $9.09 million Leveraged Index Return Notes on Russell 1000 Value

By Taylor Fox

New York, Feb. 18 – Canadian Imperial Bank of Commerce priced $9.09 million of 0% Leveraged Index Return Notes due Jan. 30, 2026 linked to the Russell 1000 Value index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.284 times any index gain.

Investors will lose 1% for each 1% decline of the index from its initial level.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged Index Return Notes
Underlying index:	Russell 1000 Value
Amount:	$9,093,340
Maturity:	Jan. 30, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.284 times any index gain; 1% loss for every 1% decline of the index from its initial level
Initial value:	1,358.50
Pricing date:	Jan. 28
Settlement date:	Feb. 4
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	13607H524

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