New Issue: CIBC prices $2.6 million of capped Mitts linked to Bloomberg Commodity index

By William Gullotti

Buffalo, N.Y., March 22 – Canadian Imperial Bank of Commerce priced $2.6 million of 0% capped Market Index Target-Term Securities due March 27, 2026 tied to the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus any index gain, subject to a maximum return of par plus 45%.

If the index falls, the payout will be par.

BofA Securities, Inc. is the underwriter.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Market Index Target-Term Securities
Underlying index:	Bloomberg Commodity index
Amount:	$2,601,700
Maturity:	March 27, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus the return capped at 45%; par if index falls or is flat
Initial level:	102.7574
Pricing date:	March 16
Settlement date:	March 23
Underwriter:	BofA Securities, Inc.
Fees:	2.25%
Cusip:	13607Y774

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