Obbligazione CBIC 0% ( XS1456455572 ) in EUR

CBIC

100 EUR ⇌

Canada

XS1456455572 ( in EUR )

25/07/2022 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione CIBC XS1456455572 in EUR 0%, scaduta

100 000 EUR

1 250 000 000 EUR

La CIBC (Canadian Imperial Bank of Commerce) è una delle maggiori banche del Canada, offrendo servizi di banca al dettaglio, investimenti e gestione patrimoniale a clienti individuali e aziende.

The Obbligazione issued by CBIC ( Canada ) , in EUR, with the ISIN code XS1456455572, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 25/07/2022

Final Terms dated July 22, 2016

CANADIAN IMPERIAL BANK OF COMMERCE
(a Canadian chartered bank)
Issue of EUR 1,250,000,000 0.000 per cent. Series CBL12 Covered Bonds due July 25, 2022 (the "Covered
Bonds") under the
CAD 20,000,000,000
Global Covered Bond Programme
unconditionally and irrevocably guaranteed as to payments by
CIBC COVERED BOND (LEGISLATIVE) GUARANTOR LIMITED PARTNERSHIP
(a limited partnership formed under the laws of Ontario)
Notice Regarding Offers in the EEA
The Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that
any offer of Covered Bonds in any Member State of the European Economic Area which has implemented
the Prospectus Directive 2003/71/EC, as amended including by Directive 2010/73/EU (the "Prospectus
Directive", which term includes any relevant implementing measures in a relevant Member State which has
implemented the Prospectus Directive (each a "Relevant Member State")) will be made pursuant to an
exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the
requirement to publish a prospectus for offers of the Covered Bonds. Accordingly, any person making or
intending to make an offer in any Relevant Member State of the Covered Bonds may only do so in
circumstances in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to
Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus
Directive, in each case, in relation to such offer. Neither the Issuer nor any Dealer has authorized, nor do
they authorize, the making of any offer of Covered Bonds in any other circumstances.

THE COVERED BONDS HAVE NOT BEEN APPROVED OR DISAPPROVED BY CANADA
MORTGAGE AND HOUSING CORPORATION ("CMHC") NOR HAS CMHC PASSED UPON THE
ACCURACY OR ADEQUACY OF THESE FINAL TERMS. THE COVERED BONDS ARE NOT
INSURED OR GUARANTEED BY CMHC OR THE GOVERNMENT OF CANADA OR ANY OTHER
AGENCY THEREOF.

THE COVERED BONDS DESCRIBED IN THESE FINAL TERMS HAVE NOT BEEN REGISTERED
UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR ANY
OTHER APPLICABLE U.S. STATE SECURITIES LAWS AND, ACCORDINGLY, THE COVERED
BONDS MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE
ACCOUNT OR BENEFIT OF, U.S. PERSONS.

The Guarantor is not now, and immediately following the issuance of the Covered Bonds pursuant to the Trust Deed
will not be, a "covered fund" for purposes of regulations adopted under Section 13 of the Bank Holding Company
Act of 1956, as amended, commonly known as the "Volcker Rule." In reaching this conclusion, although other
statutory or regulatory exemptions under the Investment Company Act of 1940, as amended, and under the Volcker
Rule and its related regulations may be available, the Guarantor has relied on the exemption from registration set
forth in Section 3(c)(5)(C) of the Investment Company Act of 1940, as amended. See "Certain Volcker Rule
Considerations" in the Prospectus dated June 21, 2016.

MT DOCS 15738517

PART ACONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set
forth in the Prospectus dated June 21, 2016, as supplemented by (i) the 1st combined supplementary prospectus dated
June 28, 2016 and (ii) the 2nd combined supplementary prospectus dated June 30, 2016 (which together constitute a
base prospectus (the "Prospectus") for the purposes of the Prospectus Directive. This document constitutes the
Final Terms of the Covered Bonds described herein for the purposes of Article 5.4 of the Prospectus Directive as
implemented in the United Kingdom and must be read in conjunction with such Prospectus. Full information on the
Issuer and the offer of the Covered Bonds is only available on the basis of the combination of these Final Terms and
the Prospectus. The Prospectus together with these Final Terms and all documents incorporated by reference therein,
are available for viewing on the website of the Regulatory News Service operated by the London Stock Exchange at
http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html
under
the
name
Canadian Imperial Bank of Commerce and the headline "Publication of Prospectus" and copies may be obtained
from the specified offices of the Issuer and the Issuing and Paying Agent, as set out at the end of the Prospectus.
1.
(i)
Issuer:
Canadian Imperial Bank of Commerce

(ii) Branch:
Head office of the Bank in Toronto

(iii) Guarantor:
CIBC Covered Bond (Legislative) Guarantor Limited
Partnership
2.
(i)
Series Number:
CBL12

(ii) Tranche Number:
1
(iii) Date on which the Covered Bonds
Not Applicable
become fungible:
3.
Specified Currency or Currencies:
Euro ("EUR")

(Condition 1.10)

4.
Aggregate Principal Amount:

(i)
Series:
EUR 1,250,000,000

(ii) Tranche:
EUR 1,250,000,000
5.
Issue Price:
100.054% of the Aggregate Principal Amount
6.
(i)
Specified Denominations:
Minimum denomination of EUR 100,000 and integral
multiples of EUR 1,000 in excess thereof up to and including
EUR 199,000. No Covered Bonds in definitive form will be
issued in a denomination above EUR 199,000.

(Condition 1.08 or 1.09)

(ii) Calculation Amount:
EUR 1,000
7.
(i)
Issue Date:
July 25, 2016

(ii) Interest Commencement Date:
Issue Date
MT DOCS 15738517

8.
(i)
Final Maturity Date:
July 25, 2022

(ii) Extended Due for Payment Date of
July 25, 2023
Guaranteed Amounts corresponding
to the Final Redemption Amount
under the Covered Bond Guarantee:
9.
Interest Basis:
0.000 per cent. Fixed Rate from (and including) the Interest
Commencement Date to (but excluding) the Final Maturity
Date.
If applicable, in accordance with Paragraph 15 below, 1-month
EURIBOR + 0.349 per cent. per annum Floating Rate from
(and including) the Final Maturity Date to (but excluding) the
Extended Due for Payment Date, subject to a minimum
interest rate of 0.00 per cent.
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest Basis:
If item 8(ii) applicable, Applicable see item 9 above
12.
Put/Call Options:
Not Applicable
13.
Date of Board approval for issuance of
Not Applicable
Covered Bonds obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Covered Bond Provisions:
Applicable from (and including) the Interest Commencement
Date to (but excluding) the Final Maturity Date.

(Condition 5.02)

(i)
Rate of Interest:
0.000 per cent. per annum payable annually in arrears on
each Interest Payment Date

(ii) Interest Payment Date(s):
July 25 in each year up to and including the Final Maturity
Date, commencing July 25, 2017

(iii) Business Day Convention:
Not Applicable

(iv) Fixed Coupon Amount(s):
EUR 0.00 per Calculation Amount

(v) Broken Amount(s)
Not Applicable

(vi) Day Count Fraction:
Actual/Actual (ICMA)
MT DOCS 15738517

(vii) Determination Dates:
July 25 in each year
15.
Floating Rate Covered Bond Provisions:
Applicable from (and including) the Final Maturity Date to
(but excluding) the Extended Due for Payment Date to the
extent payment of the Final Redemption Amount is deferred
until the Extended Due for Payment Date in accordance with
Condition 6.01.

(Condition 5.03)

(i)
Interest Period(s):
The first Interest Period shall comprise the period from (and
including) the Final Maturity Date to (but excluding) the first
Specified Interest Payment Date. The Interest Periods shall,
thereafter, be the period from (and including) each Specified
Interest Payment Date to (but excluding) the next following
Specified Interest Payment Date.

(ii) Specified Interest Payment Dates:
25th day of each month from (and including) August 25, 2022
to (and including) the Extended Due for Payment Date,
subject, in each case, to adjustment in accordance with the
Business Day Convention specified in 15(iii) below

(iii) Business Day Convention:
Modified Following Business Day Convention

(iv) Financial Centre(s):
Toronto, London and a TARGET2 Business Day

(v) Manner in which the Rate(s) of
Screen Rate Determination
Interest is/are to be determined:

(vi) Party responsible for calculating the
Not Applicable
Rate(s) of Interest and Interest
Amount(s) (if not the Agent):

(vii) Screen Rate Determination:
Applicable

Reference Rate:
1-month EURIBOR

Interest Determination Date(s)
The second day on which the TARGET2 System is open prior
to the start of each Interest Period

Relevant Screen Page
Reuters EURIBOR01

Relevant Time:
11:00 a.m. (Central European Time)

Reference Banks:
Has the meaning given in the ISDA Definitions, mutatis
mutandis

(viii) ISDA Determination:
Not Applicable

(ix) Margin(s):
+0.349 per cent. per annum

(x) Linear Interpolation
Not Applicable
(Condition 5.10)
MT DOCS 15738517

(xi) Minimum Interest Rate:
0.00 per cent. per annum
(Condition 5.05)

(xii) Maximum Interest Rate:
Not Applicable
(Condition 5.05)

(xiii) Day Count Fraction:
Actual/360

16.
Zero Coupon Covered Bond Provisions:
Not Applicable
(Condition 5.11)
PROVISIONS RELATING TO REDEMPTION
17.
Call Option:
Not Applicable

(Condition 6.03)

18.
Put Option:
Not Applicable

(Condition 6.06)

19.
Final Redemption Amount of each
EUR 1,000 per Calculation Amount
Covered Bond:
20.
Early Redemption Amount:

Early Redemption Amount(s) payable on
EUR 1,000 per Calculation Amount
redemption for taxation reasons or
illegality or upon acceleration following an

Issuer Event of Default or Guarantor Event
of Default and/or the method of calculating

the same:
(Conditions 6.02, 6.13 or 7)

GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
21.
Form of the Covered Bonds:
Bearer Covered Bonds:

Temporary Global Covered Bond exchangeable for a
Permanent Global Covered Bond which is exchangeable for
Bearer Definitive Covered Bonds only after an Exchange
Event
22.
New Global Covered Bond:
Yes
23.
Financial Centre(s) or other special
Toronto, London and a TARGET2 Business Day
provisions relating to payment dates:
24.
Talons for future Coupons or Receipts to
No
be attached to Definitive Covered Bonds
(and dates on which such Talons mature):
(Condition 1.06)
MT DOCS 15738517

25.
Details relating to Instalment Covered
(i)
Instalment Amount(s): Not Applicable
Bonds: amount of each instalment, date on
which each payment is to be made:
(ii) Instalment Date(s): Not Applicable
(Condition 6.12)

THIRD PARTY INFORMATION
Not Applicable

[The remainder of this page is intentionally left blank.]
MT DOCS 15738517

PART BOTHER INFORMATION
1.
LISTING

(i)
Listing/Admission to trading:
Application is expected to be made by the Issuer (or on its
behalf) for the Covered Bonds to be admitted to the Official
List of the UK Listing Authority and to trading on the London
Stock Exchange's Market with effect from July 25, 2016.

(ii) Estimate of total expenses related to £ 3,650
admission to trading:
2.
RATINGS
The Covered Bonds to be issued have been rated:

Moody's: Aaa

Fitch: AAA
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of
the Covered Bonds has an interest material to the offer. The Managers and their affiliates have engaged, and
may in the future engage, in investment banking and/or commercial banking transactions with, and may
perform other services for, the Issuer, the Guarantor and their affiliates.
4.
FIXED RATE COVERED BONDS ONLY YIELD

Indication of yield based on the Issue -0.009 per cent. per annum in respect of the fixed interest rate
Price:
payable on the Covered Bonds
The yield is calculated at the Issue Date on the basis of the
Issue Price. It is not an indication of future yield.
5.
DISTRIBUTION

(i)
U.S. Selling Restrictions:
Regulation S compliance Category 2; TEFRA D rules apply;
Not 144A eligible

(ii) Canadian Selling Restrictions:
Covered Bonds may only be offered, sold or distributed by the
Managers on such basis and in such provinces of Canada as, in
each case, are agreed with the Issuer and in compliance with
any applicable securities laws of Canada or any province, to
the extent applicable

6.
OPERATIONAL INFORMATION

(i)
ISIN Code:
XS1456455572

(ii) Common Code:
145645557
MT DOCS 15738517

(iii) WKN
A184GM

(iv) insert here any other relevant codes Not Applicable
such as CUSIP and CINS codes:

(v) Any clearing system(s) other than Not Applicable
Euroclear
Bank
S.A./N.V.,
Clearstream
Banking
Société
Anonyme or DTC, their addresses
and
the
relevant
identification
number(s):

(vi) Delivery:
Delivery against payment

(vii) Name(s) and address(es) of initial Issuing and Paying Agent and European Registrar
Paying
Agent(s),
Registrars,
Exchange Agent and Transfer Agents: HSBC Bank plc
8 Canada Square
London E14 5HQ

(viii) Name(s) and address(es) of additional Not Applicable
or substitute Paying Agent(s) or
Transfer Agent(s):

MT DOCS 15738517