New Issue: CIBC sells $7.61 million Capped Leveraged Index Return Notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Sept. 6 – Canadian Imperial Bank of Commerce priced $7.61 million of 0% Capped Leveraged Index Return Notes due Oct. 25, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, capped at 15.82%.

Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50
Amount:	$7,607,370
Maturity:	Oct. 25, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 15.82%; par if index falls by up to 5%; 1% loss for every 1% decline beyond 5%
Initial index level:	3,430.99
Threshold level:	3,259.44, 95% of initial level
Pricing date:	Aug. 30
Settlement date:	Sept. 7
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	13606M433

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