New Issue: CIBC prices $1.54 million capped leveraged buffered notes on MSCI EAFE

By Marisa Wong

Los Angeles, March 22 – Canadian Imperial Bank of Commerce priced $1.54 million of 0% capped leveraged buffered notes due April 8, 2022 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any index gain, capped at $1,146.25 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% index decline beyond 10%.

CIBC World Markets Corp. is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped leveraged buffered notes
Underlying index:	MSCI EAFE
Amount:	$1,539,000
Maturity:	April 8, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.3 times any index gain, capped at par plus 14.625%; par if index falls by up to 10%; 1.1111% loss for every 1% index decline beyond 10%
Initial level:	2,233.61
Pricing date:	Feb. 17
Settlement date:	Feb. 23
Agent:	CIBC World Markets Corp.
Fees:	None
Cusip:	13605WX63

© 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.