By William Gullotti
Buffalo, N.Y., Sept. 27 – Canadian Imperial Bank of Commerce priced $8.7 million of 0% Leveraged Index Return Notes due Sept. 29, 2028 linked to the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.64 times any index gain.
Investors will be fully exposed to any index decline.
BofA Securities, Inc. is the agent.
| Issuer: | Canadian Imperial Bank of Commerce
|
| Issue: | Leveraged Index Return Notes
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| Underlying index: | Bloomberg Commodity index
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| Amount: | $8.7 million
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| Maturity: | Sept. 29, 2028
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 2.64 times any index gain; otherwise, 1% loss for every 1% decline
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| Initial index level: | 106.2245
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 29
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| Agent: | BofA Securities, Inc.
|
| Fees: | 0.6%
|
| Cusip: | 13608J545
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