New Issue: CIBC prices $729,000 buffered notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – Canadian Imperial Bank of Commerce priced $729,000 of 0% buffered notes due June 26, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index.

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

CIBC World Markets is the agent.

Issuer:	Canadian Imperial Bank of Commerce
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$729,000
Maturity:	June 26, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by 10% or less; 1% loss per 1% decline beyond 10%
Initial level:	3,690.01
Buffer level:	3,321.01, 90% of initial level
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Selling agent:	CIBC World Markets Corp.
Fees:	2.85%
Cusip:	13605WQ53

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