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CIBC plans notes tied to Raymond James Regional Bank Top Selections
By Susanna Moon
Chicago, Aug. 10 – Canadian Imperial Bank of Commerce plans to price 0% capped leveraged notes due Feb. 26, 2020 linked to the Raymond James Regional Bank Top Selections, according to a 424B2 filed with the Securities and Exchange Commission.
The equally weighted basket consists of the shares of Chemical Financial Corp., F.N.B. Corp., First Horizon National Corp., Hancock Whitney Corp., Origin Bancorp, Inc., PacWest Bancorp, Preferred Bank, SVB Financial Group and Wintrust Financial Corp.
The payout at maturity will be par plus 97.35% of any basket gain.
CIBC World Markets Corp. is the agent.
The notes will price on Aug. 24.
The Cusip number is 136069P96.
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