New Issue: CIBC prices $3.7 million Leveraged Index Return Notes linked to Dow

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – Canadian Imperial Bank of Commerce priced $3.7 million of 0% Leveraged Index Return Notes due Nov. 24, 2028 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.2098 times any index gain.

Investors will receive par if the index declines up to 10% and lose 1% for every 1% that the index declines beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$3,696,700
Maturity:	Nov. 24, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.298 times any index gain; if index declines up to 10%, par; otherwise, 1% loss for every 1% decline below 10%
Initial index level:	32,001.25
Buffer level:	28,801.13; 90% of initial level
Pricing date:	Nov. 3
Settlement date:	Nov. 10
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	13607L103

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