New Issue: CIBC prices $14.81 million Capped Leveraged Index Return Notes on basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 31 – Canadian Imperial Bank of Commerce priced $14.81 million of 0% Capped Leveraged Index Return Notes due Oct. 26, 2018 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with an initial weight of 45%, and the MSCI EAFE index and the MSCI Emerging Markets index each with an initial weight of 27.5%.

The payout at maturity will be par of $10 plus 200% of any basket gain, capped at 15.1%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Capped Leveraged Index Return Notes
Underlying indexes:	S&P 500 with initial weight of 45%; MSCI EAFE and MSCI Emerging Markets, each with initial weight of 27.5%
Amount:	$14,805,530
Maturity:	Oct. 26, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any basket gain, capped at 15.1%; par if basket falls by up to 10%, otherwise 1% loss for every 1% decline beyond 10%
Initial index levels:	2,133.04 for S&P, 1,667.18 for EAFE, 905.31 for Emerging Markets
Threshold level:	90% of initial level
Pricing date:	Oct. 27
Settlement date:	Nov. 3
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	13607R563

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