New Issue: CIBC sells $7.80 million Capped Leveraged Index Return Notes on indexes

By Marisa Wong

Morgantown, W.Va., April 16 – Canadian Imperial Bank of Commerce priced $7,803,590 of 0% Capped Leveraged Index Return Notes due May 31, 2019 linked to a global equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 33.33% weight, Russell 2000 index with a 33.33% weight and the Euro Stoxx 50 index with a 33.34% weight.

If the basket return is positive, the payout at maturity will be par plus double the basket gain, subject to a capped return of 11.4%.

If the basket falls by up to 5%, the payout will be par. Investors will be exposed to any basket decline beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying basket:	S&P 500 index (33.33% weight), Russell 2000 index (33.33% weight), Euro Stoxx 50 index (33.34% weight)
Amount:	$7,803,590
Maturity:	May 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any basket gain, subject to a capped return of 11.4%; par if basket falls by up to 5%; exposure to any basket decline beyond 5%
Initial index level:	2,605.00 for S&P, 1,513.031 for Russell, 3,331.25 for Euro Stoxx
Final index level:	Average of closing levels on five trading days ending May 28, 2019
Pricing date:	March 28
Settlement date:	April 5
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	13606M623

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