New Issue: CIBC sells $3.91 million capped leveraged buffered notes on Stoxx 50

By Marisa Wong

Morgantown, W.Va., Nov. 14 – Canadian Imperial Bank of Commerce priced $3.91 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 5, 2020 to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, capped at par plus 53%.

Investors will receive par if the index finishes flat or falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50
Amount:	$3,905,000
Maturity:	Nov. 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 53%; par if index finishes flat or falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial level:	3,197.51
Threshold level:	2,717.8835, 85% of initial level
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	Wells Fargo Securities, LLC
Fees:	3%
Cusip:	13605WML2

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