New Issue: CIBC sells $6.9 million Capped Leveraged Index Return Notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – Canadian Imperial Bank of Commerce priced $6.9 million of 0% Capped Leveraged Index Return Notes due Nov. 29, 2024 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index gain, capped at par plus 31.5%.

Investors will receive par if the index falls by up to 15% and will be exposed to index declines beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000 index
Principal amount:	$6,895,970
Maturity:	Nov. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 31.5%; par if index falls by up to 15%; exposure to loss beyond 15%
Initial level:	1,799.866
Buffer level:	1,529.886; 85% of initial level
Pricing date:	Nov. 14
Settlement date:	Nov. 21
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	13607W216

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