New Issue: CIBC prices $12.62 million capped leveraged notes tied to Russell 2000

By Marisa Wong

Los Angeles, Nov. 4 – Canadian Imperial Bank of Commerce priced $12.62 million of 0% capped leveraged notes due Feb. 3, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3 times any index gain, capped at par plus 23.25%.

Investors will be fully exposed to any index decline.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged notes
Underlying index:	Russell 2000
Amount:	$12,615,000
Maturity:	Feb. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any index gain, capped at par plus 23.25%; full exposure to losses
Initial level:	1,568.592
Pricing date:	Nov. 2
Settlement date:	Nov. 9
Agent:	CIBC World Markets Corp.
Fees:	1.25%
Cusip:	13605WK91

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