New Issue: CIBC prices $62.65 million Accelerated Return Notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, June 30 – Canadian Imperial Bank of Commerce priced $62.65 million of 0% Accelerated Return Notes due Aug. 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum payout of par plus 18.55%. Investors will lose 1% for each 1% decline.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Accelerated Return Notes
Underlying index:	Euro Stoxx 50
Amount:	$62,650,970
Maturity:	Aug. 31, 2018
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus triple any index gain, return capped at 18.55%; 1% loss for each 1% decline
Initial level:	3,471.33
Final index level:	Average of index’s closing levels on five trading days ending Aug. 28, 2018
Pricing date:	June 29
Settlement date:	July 7
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	13607R258

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