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Published on 9/29/2005 in the Prospect News Convertibles Daily.

New Issue: CIBC sells $4 million notes linked to 10 stocks

New York, Sept. 29 - Canadian Imperial Bank of Commerce sold $4 million of Premium Yield Generator Notes linked to a basket of 10 stocks, according to a 424B5 filing with the Securities and Exchange Commission.

The 10 underlying stocks are Caterpillar Inc., Citigroup Inc., Clorox Co., Dow Jones & Co., Inc., Eli Lilly & Co., FedEx Corp., 3M Co., PepsiCo, Inc., Pfizer Inc. and Sunoco, Inc.

The annual coupon on the notes is the average of the returns on each stock, with the return being 8% per stock if it has gained since the pricing date or the negative return if it has fallen. The coupon has a floor of zero.

At maturity, the notes pay par.

Issuer:Canadian Imperial Bank of Commerce
Underlying basket:Caterpillar Inc., Citigroup Inc., Clorox Co., Dow Jones & Co., Inc., Eli Lilly & Co., FedEx Corp., 3M Co., PepsiCo, Inc., Pfizer Inc. and Sunoco, Inc.
Issue:Premium Yield Generator Notes
Amount:$4 million
Maturity:Sept. 28, 2007
Coupon:The average return on the basket since pricing, calculated as 8% per stock if the return on that stock is greater than zero, otherwise the return or loss; minimum coupon of 0%
Price:Par
Payout at maturity:Par
Pricing date:Sept. 27
Settlement date:Sept. 30
Agents:CIBC World Markets, H&R Block Financial Advisors, Inc.
Listing:"MRS.W" on American Stock Exchange

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