Obligation CBIC 0% ( XS1675056193 ) en GBP

CBIC

100 % ⇌

Canada

XS1675056193 ( en GBP )

03/09/2024 - Obligation échue

Prospectus brochure de l'obligation CIBC XS1675056193 en GBP 0%, échue

La Banque CIBC (Canadian Imperial Bank of Commerce) est une grande banque commerciale canadienne offrant une gamme complète de services financiers, y compris des services bancaires aux particuliers et aux entreprises, des services de gestion de patrimoine et des services de marchés des capitaux.

L'Obligation émise par CBIC ( Canada ) , en GBP, avec le code ISIN XS1675056193, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 03/09/2024

1

Final Terms dated 10 November 2017
Canadian Imperial Bank of Commerce
Issue of GBP1,000,000 Index Linked Notes due September 2024
(To be consolidated, become fungible with and form a single series with the existing GBP10,000,000 Index Linked
Notes due September 2024 issued on 1 September 2017)
under a US$7,500,000,000 Note Issuance Programme

INVESTING IN THE NOTES PUTS YOUR CAPITAL AT RISK. YOU MAY LOSE SOME OR ALL OF YOUR
INVESTMENT.

The Securities Note referred to below (as completed by these Final Terms) has been prepared on the basis that
any offer of Notes in any Member State of the European Economic Area which has implemented the Prospectus
Directive (Directive 2003/71/EC) (as amended by Directive 2010/73/EU, 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
Notes. Accordingly any person making or intending to make an offer in that Relevant Member State of the
Notes 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 Notes in any other circumstances.
The purchase of Notes involves substantial risks and is suitable only for investors who have the knowledge
and experience in financial and business matters necessary to enable them to evaluate the risks and the
merits of an investment in the Notes. Before making an investment decision, prospective purchasers of Notes
should ensure that they understand the nature of the Notes and the extent of their exposure to risks and that
they consider carefully, in the light of their own financial circumstances, financial condition and investment
objectives, all the information set forth in the Securities Note (including "Risk Factors" on pages 19 to 51
thereof) and these Final Terms.

PART A CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions (the
"Conditions") set forth in the Securities Note dated 4 May 2017 (the "Securities Note"). This document
constitutes the Final Terms of the Notes described herein and must be read in conjunction with such Securities
Note. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination
of these Final Terms and the Securities Note. The Securities Note is available for viewing during normal
business hours at and copies may be obtained from the registered office of the Issuer at 199 Bay St., Toronto,
Canada M5L 1A2, and at the specified office of the Paying Agents, for the time being in London and
Luxembourg and copies may be obtained from 150 Cheapside, London, EC2V 6ET.
References herein to numbered Conditions are to the "Terms and Conditions of the Notes" and words and
expressions defined in such Conditions shall bear the same meaning in these Final Terms, save as where
otherwise expressly provided.
No person has been authorised to give any information or make any representation not contained in or not
consistent with these Final Terms, or any other information supplied in connection with the Notes and, if given
or made, such information or representation must not be relied upon as having been authorised by the Issuer or
any Dealer.
By investing in the Notes each investor represents that:
SPEU 474 Tranche 2, with Temporary ISIN: XS1718748319 until 25th December 2017 and thereafter XS1675056193

2

(a) Non-Reliance. It is acting for its own account, and it has made its own independent decisions to invest in the
Notes and as to whether the investment in the Notes is appropriate or proper for it based upon its own judgment
and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written
or oral) of the Issuer or any Dealer as investment advice or as a recommendation to invest in the Notes, it being
understood that information and explanations related to the terms and conditions of the Notes shall not be
considered to be investment advice or a recommendation to invest in the Notes. No communication (written or
oral) received from the Issuer or any Dealer shall be deemed to be an assurance or guarantee as to the expected
results of the investment in the Notes.
(b) Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf
or through independent professional advice), and understands and accepts the terms and conditions and the risks
of the investment in the Notes. It is also capable of assuming, and assumes, the risks of the investment in the
Notes.
(c) Status of Parties. Neither the Issuer nor any Dealer is acting as a fiduciary for or adviser to it in respect of the
investment in the Notes.
AN INVESTMENT IN NOTES LINKED TO ONE OR MORE REFERENCE ITEMS MAY ENTAIL
SIGNIFICANT RISKS NOT ASSOCIATED WITH INVESTMENTS IN A CONVENTIONAL DEBT
SECURITY. THE AMOUNT PAID BY THE ISSUER ON REDEMPTION OF THE NOTES MAY BE
LESS THAN THE NOMINAL AMOUNT OF THE NOTES, TOGETHER WITH ANY ACCRUED
INTEREST, AND MAY IN CERTAIN CIRCUMSTANCES BE ZERO.
INVESTORS SHOULD BE PREPARED TO SUSTAIN A LOSS OF ALL OR PART OF THEIR
INVESTMENT.
The information included herein with respect to indices and/or formulas comprising, based on or referring to
variations in the prices of one or more shares in companies, any other equity or non-equity securities, currencies
or currency exchange rates, interest rates, credit risks, fund units, shares in investment companies, term deposits,
life insurance contracts, loans, commodities or futures contracts on the same or any other underlying
instrument(s) or asset(s) or the occurrence or not of certain events not linked to the Issuer or any other factors to
which the Notes are linked (the "Underlyings") consists only of extracts from, or summaries of publicly
available information. The Issuer accepts responsibility that such extracts or summaries have been accurately
reproduced and that, so far as it is aware, and is able to ascertain from information published by the issuer,
owner or sponsor, as the case may be, of such Underlyings, no facts have been omitted that would render the
reproduced extracts or summaries inaccurate or misleading. No further or other responsibility in respect of such
information is accepted by the Issuer. In particular, neither the Issuer nor any Dealer accepts responsibility in
respect of the accuracy or completeness of the information set forth herein concerning the Underlyings of the
Notes or that there has not occurred any event which would affect the accuracy or completeness of such
information.
The purchase of Notes issued under the Programme is associated with certain risks. Each prospective investor
in Notes must ensure that the complexity and risks inherent in the Notes are suitable for its investment
objectives and are appropriate for itself or the size, nature and condition of its business, as the case may be. No
person should deal in the Notes unless that person understands the nature of the relevant transaction and the
extent of that person's exposure to potential loss. Each prospective purchaser of Notes should consider carefully
whether the Notes are suitable for it in light of its circumstances and financial position. Prospective investors in
Notes should consult their own legal, tax, accountancy and other professional advisers to assist them in
determining the suitability of the Notes for them as an investment.

1.
(i)
Issuer:
Canadian Imperial Bank of Commerce

(ii)
Branch of Account:
Head Office, Toronto

(iii)
Definitive
N
Registered
Notes No
(Namensschuldverschreibungen):
2.
(i)
Series Number:
SPEU 474
SPEU 474 Tranche 2, with Temporary ISIN: XS1718748319 until 25th December 2017 and thereafter XS1675056193

3

3.
(ii)
Tranche Number:
2 (to be consolidated, become fungible with and form a single series
with the existing with the existing GBP10,000,000 Index Linked
Notes due September 2024 issued on 1 September 2017 (the
"Original Notes") on or after 25 December 2017 (the "Consolidation
Date"))
4.
Specified Currency or Currencies:
British Pounds Sterling ("GBP")
5.
Aggregate Nominal Amount of Notes:
GBP 11,000,000

(i) Series:
GBP11,000,000

(ii) Tranche:
GBP1,000,000
6.
Issue Price:
100 per cent. of the Aggregate Nominal Amount
7.
(i)
Specified Denominations:
GBP 1,000 and integral multiples of GBP 1 in excess thereof up to
and including GBP 1,999. No Notes in definitive form will be issued
with a denomination above GBP 1,999
(ii)
Calculation Amount:
GBP 1
8.
Trade Date:
25 August 2017
9.
Strike Date/Pricing Date:
25 August 2017
10.
(i)
Issue Date:
15 November 2017
(ii)
Interest Commencement Date:
Not Applicable

(iii)
CNY Issue Trade Date:
Not Applicable
11.

Maturity Date:
3 September 2024 or, if such date is not a Business Day, then the
Maturity Date shall be the next following Business Day
12.
(i)
Business Centre:
London
(ii)
Business Day Convention
Following Business Day Convention

13.

Interest Basis:
Index Linked (further particulars specified below)
14.
(i)
Redemption/Payment Basis:
Index Linked (further particulars specified below)

(ii)
Protection Amount:
Not Applicable

15.

Change of Interest or Redemption/Payment Basis:
Not Applicable

16.

Put/Call Options:
Not Applicable
17.

Date of Board approval for Issuance of Notes Not Applicable
Obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
18. Fix
ed Rate Notes:
Not Applicable

19. Floating Rate Note Provisions:
Not Applicable
SPEU 474 Tranche 2, with Temporary ISIN: XS1718748319 until 25th December 2017 and thereafter XS1675056193

4

20. Zer o Coupon Note Provisions:
Not Applicable

21. Inte rest Linked to one or more Reference Items
Applicable
provisions:
If, at the Scheduled Closing Time on any Valuation Date (as defined
in the second column of the table (the "Table") set out in the Annex
to these Final Terms (the "Annex")):
(a) the Notes have not already been redeemed on or before such
relevant Valuation Date; and
(b) the Reference Price of the Underlying Index (as defined in
paragraph 26(i) below) is equal to or greater than the product of:
(x) 65 per cent.; and
(y) the Strike Price (as defined in paragraph 26(ix) below),
then the Notes shall pay a coupon (the "Coupon Payment Amount")
on the Coupon Payment Date (as defined below), where the Coupon
Payment Amount per Calculation Amount shall be:
5.55% x Calculation Amount
Any Coupon Payment Amount payable on any Coupon Payment
Date in accordance with this paragraph 20 will be in addition to any
Redemption Amount payable on such Coupon Payment Date in
accordance with paragraph 26
The "Coupon Payment Date" means the date in the third column of
the Table next to the relevant Valuation Date, and, in respect of the
Final Valuation Date (as defined in the second column of the table
set out in the Annex ), the Coupon Payment Date shall be the
Maturity Date; provided that if any Coupon Payment Date is not a
Business Day, then such Coupon Payment Date shall be the next
following Business Day
For the avoidance of doubt, no Coupon Payment will be made on any
Coupon Payment Date following an Early Redemption in accordance
with paragraph 26
PROVISIONS RELATING TO REDEMPTION
22.

Call Option:
Not Applicable

23.

Put Option:
Not Applicable

24.
Fi nal Redemption Amount of each Note:
As specified in paragraph 26 below
(i)
Reference Item(s):
As specified in paragraph 26 below
(ii)
Provisions
for
determining
Final As specified in paragraph 26 below
Redemption Amount where calculated by
reference to an Index and/or an Equity
and/or a Currency Price and/or a
Commodity and/or a Commodity Index
and/or a Fund and/or an Inflation Index or
any other variable:
SPEU 474 Tranche 2, with Temporary ISIN: XS1718748319 until 25th December 2017 and thereafter XS1675056193

5

(iii)
Provisions
for
determining
Final As specified in paragraph 26 below
Redemption Amount where calculation by
reference to an Index and/or an Equity
and/or a Currency Price and/or a
Commodity and/or a Commodity Index
and/or a Fund and/or an Inflation Index or
any other variable is impossible or
impracticable or otherwise disrupted:

(iv)
Settlement Method
Cash Settlement

25.

Early Redemption Amount:
Market Value less Associated Costs per Calculation Amount: With
respect to each Calculation Amount, such amount(s) determined by
Early Redemption Amount(s) of each Note: payable
the Calculation Agent which shall represent the fair market value of
on redemption for taxation reasons or on event of
such Calculation Amount on the date of redemption, including
default or illegality or other early redemption in
accrued interest (if any), adjusted to account fully for any losses,
accordance with the Conditions and/or the method of expenses and costs to the Issuer (or any of its Affiliates) of
calculating the same (if required or if different from
unwinding any underlying or related hedging and funding
that set out in Condition 5(c), other than, for the
arrangements, all as determined by the Calculation Agent in its sole
avoidance of doubt, where paragraph 26 applies)
and absolute discretion. For the purposes hereof:
(i) the references to ", together with interest accrued, if any, to (but
excluding) the date fixed for redemption" shall be deemed to be
deleted from each of Condition 5(c), Condition 5(d) and Condition
5(e); and
(ii) the references to "together with accrued interest to the date of
payment" shall be deemed to be deleted from Condition 18
PROVISIONS RELATING TO THE TYPE OF NOTES
26.

Commodity Linked Notes:

Not Applicable

27.

Index Linked Notes:

Applicable

(i)
Whether the Notes relate to
Single Index
a basket of indices or a
single index, the identity of
the relevant Index/Indices
Underlying Index Bloomberg code
Currency
Index
and
details
of
Index
Sponsor
Sponsor(s):
FTSE 100 Index
UKX Index
GBP
FTSE
International
Limited

(ii)
Relevant provisions for On the Maturity Date:
determining
the
Final
Redemption Amount
If the Notes have not been redeemed prior to the Maturity Date then:

(A) if, at the Scheduled Closing Time on the Final Valuation Date, the

Reference Price of the Underlying Index is equal to or greater than the
Kick-In Level (as defined in the third column of the Table set out in

paragraph 26(ix)) relating to such Underlying Index, then the Final
Redemption Amount per Calculation Amount shall be:
Calculation Amount x 100.00 per cent

(B) if, at the Scheduled Closing Time on the Final Valuation Date, the
Reference Price of the Underlying Index is strictly lower than the Kick-In
SPEU 474 Tranche 2, with Temporary ISIN: XS1718748319 until 25th December 2017 and thereafter XS1675056193

6

Level relating to such Underlying Index, then the Final Redemption
Amount per Calculation Amount shall be:

i
Underlying

Calculation Amount x
Final

i

Underlying0
Where:

"Underlyingi0" means the Strike Price of the Underlyingi;
"UnderlyingiFinal" means Reference Price of Underlyingi on the Final
Valuation Date;

For each Preceding Valuation Date to the Maturity Date:
If, at the Scheduled Closing Time on any of the Valuation Dates from and including
the second Valuation Date up to and including the sixth Valuation Date, (but not, for
the avoidance of doubt, either the first Valuation Date or the Final Valuation Date):
(a)
the Notes have not already been redeemed on or before such
relevant Valuation Date, and;

(b)
the Reference Price of the Underlying Index is equal to or greater
than the product of:
(x) 100 per cent.; and

(y) the Strike Price of the Underlying Index;

then the Notes shall be automatically redeemed on the Early Redemption Date (as
defined below) relating to such Relevant Valuation Date, where the Final
Redemption Amount per Calculation Amount shall be equal to:

Calculation Amount x 100 per cent

The "Early Redemption Date" means the date in the third column of the Table next
to the relevant Valuation Date (but not, for the avoidance of doubt, either the first
Valuation Date or the Final Valuation Date); provided that if any Early Redemption
Date is not a Business Day, then such Early Redemption Date shall be the next
following Business Day
For the avoidance of doubt, any Final Redemption Amount payable on any Early
Redemption Date in accordance with this paragraph 26(ii) will be in addition to any
Coupon Payment Amount payable on such Coupon Payment Date in accordance
with paragraph 20

(iii)
Calculation
Agent Canadian Imperial Bank of Commerce
responsible for making
calculations pursuant to
Condition 7:

(iv)
Exchange(s)
Exchange

(v)
Related Exchange(s)
All Exchanges

(vi)
Redemption Amount:
Calculated in accordance with paragraph 26(ii) above
SPEU 474 Tranche 2, with Temporary ISIN: XS1718748319 until 25th December 2017 and thereafter XS1675056193

7

(vii)
Valuation Date(s): The Valuation Dates, including but not limited to the Final Valuation Date, the
Coupon Payment Dates, the Early Redemption Dates and the Maturity Date used

and applied in the Notes and described in these Final Terms are all set forth in the
Table in the Annex to these Final Terms; provided that, for the avoidance of doubt:

(a) neither the first Valuation Date nor the Maturity Date is an Early

Redemption Date; and
(b) each Valuation Date is an Exchange Business Day and if not, then the
Valuation Date shall be the next following Exchange Business Day.

For the avoidance of doubt, the Table in the Annex to these Final Terms is
incorporated in, and forms part of, these Final Terms

(viii)
Valuation Time:
The definition in Condition 7(a) applies

(ix)
Strike Price:
Name of
Strike
Kick-In Level (being the
Underlying
Price
product of 65 per cent.
Index
and the Strike Price
relating
to
the
Underlying
Index
rounded to two deciimal
places)
FTSE 100 Index
7,430.43
4,829.78

(x)
Multiplier for each Index Not Applicable
comprising the basket:

(xi)
Correction of Index Levels: Applicable

(xii)
Correction Cut-Off Date:
2 Business Days after the relevant Valuation Date
(x iii)
Additional
Disruption Applicable
Events:
The following Additional Disruption Events apply to the Notes:
Change in Law
Hedging Disruption
Increased Cost of Hedging
For the avoidance of doubt, these Additional Disruption Events are in addition to
the Market Disruption Event in Condition 7(a) and the provisions of Condition 7(c)
(x iv)
Other terms or special Not Applicable
conditions:

28.

Equity Linked Notes:
Not Applicable
29.

FX Linked Conditions:
Not Applicable
30.

Fund Linked Conditions:
Not Applicable

31.

Inflation Linked Notes:
Not Applicable

32.

Preference Share Linked Notes:
Not Applicable
33.

Dual Currency Note Provisions:
Not Applicable
34.
O ther variable-linked interest Note
Not Applicable
Provisions:
SPEU 474 Tranche 2, with Temporary ISIN: XS1718748319 until 25th December 2017 and thereafter XS1675056193

8

35.

Physical Delivery Notes:
Not Applicable

GENERAL PROVISIONS APPLICABLE TO THE NOTES
36. Fo rm of Notes:
Bearer Notes:
Temporary Global Note exchangeable for a Permanent Global
Note which is exchangeable for definitive Notes in the limited
circumstances specified in the permanent Global Note
37. Ne w Global Note:
No
38. Fin ancial Centre(s) or other special provisions relating
Not Applicable
to payment dates:
39. Ta lons for future Coupons or Receipts to be attached to
No
Definitive Notes (and dates on which such Talons
mature):
40. De tails relating to Partly Paid Notes: amount of each
Not Applicable
payment comprising the Issue Price and date on which
each payment is to be made and consequences (if any)
of failure to pay, including any right of the Issuer to
forfeit the Notes and interest due on late payment:
41. De tails relating to Instalment Notes:
Not Applicable
42. Re denomination, renominalisation, and reconventioning
Not Applicable
provisions:
43. Co nsolidation provisions:
Not Applicable
44.

Other final terms:
Not Applicable

DISTRIBUTION

45. Me thod of Distribution:
Non-syndicated
46.

(i)
If syndicated, names and addresses of Not Applicable
Managers and underwriting commitments:

(ii)
Date of Subscription Agreement:
Not Applicable
(ii i)
Stabilizing Manager(s) (if any):
Not Applicable
47. If
non-syndicated, name and address of relevant Dealer:
CIBC World Markets plc

150 Cheapside
London, EC2V 6ET

48. To tal commissions and concessions:
Not Applicable
49.

US Selling Restrictions:
Reg. S Compliance Category 2
50. Ap plicable TEFRA exemption:
D Rules
51. Pro hibition of Sales to EEA Retail Investors:
Not Applicable
52. Ad ditional Tax Considerations:
Not applicable
SPEU 474 Tranche 2, with Temporary ISIN: XS1718748319 until 25th December 2017 and thereafter XS1675056193

9

53. Ad ditional Selling Restrictions:
Not Applicable

AGENTS

54. Ca lculation Agent:
Canadian Imperial Bank of Commerce
55. Pa
ying Agent:
Deutsche Bank AG, London Branch

PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on the Euro MTF and admission to
the Official List of the Luxembourg Stock Exchange of the Notes described herein pursuant to the US$7,500,000,000 Note
Issuance Programme of Canadian Imperial Bank of Commerce.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer:
By:

Duly authorized
By:

Duly authorized
SPEU 474 Tranche 2, with Temporary ISIN: XS1718748319 until 25th December 2017 and thereafter XS1675056193

10

PART B OTHER INFORMATION

1.

LISTING AND ADMISSION TO TRADING

Applicable. Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the
Euro MTF and listed on the Official List of the Luxembourg Stock Exchange with effect from 15 November 2017.

2.

RATINGS

Ratings:
The Notes to be issued have not been rated
3.

OPERATIONAL INFORMATION

(i)
ISIN Code:
Until the Notes are consolidated, become fungible with and
form a single Series with the Original Notes on the
Consolidation Date, the Notes will have the temporary ISIN
XS1718748319
After that Consolidation Date, the Notes will have the same
ISIN as the Original Notes, which is XS1675056193

(ii)
Common Code:
Until the Notes are consolidated, become fungible with and
form a single Series with the Original Notes on the
Consolidation Date, the Notes will have the temporary
Common Code 171874831
After that Consolidation Date, the Notes will have the same
Common Code as the Original Notes, which is 167505619

(iii)
SEDOL:
BF07083

(iv)
Any clearing system(s) other than Not Applicable
Euroclear Bank S.A./N.V. and Clearstream
Banking société anonyme and the relevant
identification number(s):

(v)
Delivery
Delivery Against Payment

(vi)
Intended to be held in a manner which No
would allow Eurosystem eligibility:

4.

GENERAL

(i)
Governing Law and Jurisdiction:
English Law

(ii)
Additional steps that may only be taken Not Applicable
following approval by an Extraordinary
Resolution in accordance with Condition
19(a):

(iii)
The aggregate principal amount of Notes US$1,310,000
issued has been translated into U.S. dollars
at the rate of GBP1.00/US$1.310000
producing a sum of:

SPEU 474 Tranche 2, with Temporary ISIN: XS1718748319 until 25th December 2017 and thereafter XS1675056193