New Issue: CIBC sells $6.36 million of Capped Leveraged Index Return Notes on S&P

By Devika Patel

Knoxville, Tenn., July 13 – Canadian Imperial Bank of Commerce priced $6.36 million of 0% Capped Leveraged Index Return Notes due Dec. 11, 2018 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum payout of $1,186 per $1,000 of notes.

Investors will lose 1% for every 1% decline.

CIBC World Markets is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500
Amount:	$6,364,000
Maturity:	Dec. 11, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, subject to maximum payout of $1,186 per $1,000 of notes; 1% loss for every 1% decline
Initial index level:	2,425.53
Pricing date:	July 11
Settlement date:	July 18
Agent:	CIBC World Markets
Fees:	None
Cusip:	13605WDZ1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.