Product Type:
Income Note with Autocall & Memory Feature
Issuer:
Canadian Imperial Bank of Commerce
Underlyings:
FTSE 100 Index (UKX), S&P 500 Index (SPX) and Euro Stoxx 50 Index (SX5E)
Term:
6 years, one week with Early Maturity possible
on a Semi-Annual basis from the end of year 1
Potential Return:
Potential income of 3.375% per six-month period (6.75% p.a.)
Income Trigger Level
Income Trigger Level as a percentage of the Strike Level: 85%
Kick Out Trigger Level
As a percentage of the Strike Level: 100% from the end of year 1, Semi-Annually
Initial Capital Return Barrier:
As a percentage of the Strike Level: 100% from the end of year 1, Semi-Annually
Strike Date:
28 February 2022
Maturity Date:
13 March 2028
ISIN:
XS2440235849
Currency:
GBP
Simplicity: Triple Index Defensive Phoenix Note
Canadian Imperial Bank of Commerce