1
2
3
Disclosure template for main features of regulatory capital instruments
Common Shares
Canadian Imperial Bank of
Commerce
Issuer
136069101
Unique identifier (eg CUSIP, ISIN, or Bloomberg identifier for private placement)
Governing law(s) of the instrument
Federal laws of Canada
CIBC FirstCaribbean
International Bank
BBP4161W1093
Laws of Barbados
4
5
6
7
8
Regulatory treatment
Transitional Basel III rules
Post-transitional Basel III rules
Eligible at solo/group/group&solo
Instrument type (types to be specified by jurisdiction)
Amount recognised in regulatory capital (Currency1 in millions, as of most recent reporting date)
Common Equity Tier 1
Common Equity Tier 1
Solo and Group
Common shares
8,024
Common Equity Tier 1
Common Equity Tier 1
Solo and Group
Common shares
146
9
Par value of instrument
n/a
10
11
Accounting classification
Original date of issuance
Shareholders' equity
Various
n/a
Non-controlling interest in
consolidated subsidiary2
Various
12
13
Perpetual or dated
Original maturity date
Perpetual
no maturity
Perpetual
no maturity
14
15
16
Issuer call subject to prior supervisory approval
Optional call date, contingent call dates and redemption amount
Subsequent call dates, if applicable
No
n/a
n/a
No
n/a
n/a
17
Coupons/dividends
Fixed or floating dividend/coupon
Floating
Discretionary; declared as a
dollar amount per share
No
Fully discretionary
No
Non-cumulative
Floating
Discretionary; declared as a
dollar amount per share
No
Fully discretionary
No
Non-cumulative
18
19
20
21
22
Coupon rate and any related index
Existence of a dividend stopper
Fully discretionary, partially discretionary or mandatory
Existence of a step up or other incentive to redeem
Noncumulative or cumulative
23
24
25
26
27
28
29
Convertible or non-convertible
If convertible, conversion trigger (s)
If convertible, fully or partially
If convertible, conversion rate
If convertible, mandatory or optional conversion
If convertible, specify instrument type convertible into
If convertible, specify issuer of instrument it converts into
Non-convertible
n/a
n/a
n/a
n/a
n/a
n/a
Non-convertible
n/a
n/a
n/a
n/a
n/a
n/a
30
31
32
33
34
Write-down feature
If write-down, write-down trigger (s)
If write-down, full or partial
If write-down, permanent or temporary
If temporary write-down, description of write-down mechanism
No
n/a
n/a
n/a
n/a
No
n/a
n/a
n/a
n/a
1
All amounts in CAD unless otherwise indicated.
2
8.33% of the common shares held by third parties.
CIBC Q4 2016
Disclosure template for main features of regulatory capital instruments
Class A Preferred Shares - Series 39, 41 and 43 (NVCC)
Canadian Imperial Bank of
Commerce
ares - Issuer
Series 39
Class A Preferred Shares
136069440
2 Unique identifier (eg CUSIP, ISIN, or Bloomberg identifier for private placement)
3 Governing law(s) of the instrument
Federal laws of Canada
Canadian Imperial Bank of
Commerce
Series 41
136069424
Federal laws of Canada
Canadian Imperial Bank of
Commerce
Series 43
136069390
Federal laws of Canada
4
5
6
7
8
Regulatory treatment
Transitional Basel III rules
Post-transitional Basel III rules
Eligible at solo/group/group&solo
Instrument type (types to be specified by jurisdiction)
Amount recognised in regulatory capital (Currency1 in millions, as of most recent reporting date)
Additional Tier 1
Additional Tier 1
Solo and Group
Preferred shares
400
Additional Tier 1
Additional Tier 1
Solo and Group
Preferred shares
300
Additional Tier 1
Additional Tier 1
Solo and Group
Preferred shares
300
9
10
11
Par value of instrument
Accounting classification
Original date of issuance
25
Shareholders' equity
June 11, 2014
25
Shareholders' equity
December 16, 2014
25
Shareholders' equity
March 11, 2015
12
13
Perpetual or dated
Original maturity date
Perpetual
no maturity
Perpetual
no maturity
Perpetual
no maturity
14
Issuer call subject to prior supervisory approval
Yes
Redeemable at par July 31,
2019.
15
Optional call date, contingent call dates and redemption amount
16
Subsequent call dates, if applicable
Yes
Redeemable at par January
31, 2020.
January 31, 2025 and on
July 31, 2024 and on July 31st January 31st every 5 years
thereafter.
every 5 years thereafter.
Yes
Redeemable at par July 31,
2020.
July 31, 2025 and on July 31st
every 5 years thereafter.
17
18
19
20
21
22
Coupons/dividends
Fixed or floating dividend/coupon
Coupon rate and any related index
Existence of a dividend stopper
Fully discretionary, partially discretionary or mandatory
Existence of a step up or other incentive to redeem
Noncumulative or cumulative
Fixed
3.90%
Yes
Fully discretionary
No
Non-cumulative
Fixed
3.75%
Yes
Fully discretionary
No
Non-cumulative
Fixed
3.60%
Yes
Fully discretionary
No
Non-cumulative
23
Convertible or non-convertible
Convertible
Convertible
Convertible
Convertible:
1. when a "Trigger Event" as
defined by OSFI occurs; or
2. at Holder's option on July
31, 2019 and on July 31st
every 5 years thereafter
Convertible:
1. when a "Trigger Event" as
defined by OSFI occurs; or
2. at Holder's option on
January 31, 2020 and on
January 31st every 5 years
thereafter
Convertible:
1. when a "Trigger Event" as
defined by OSFI occurs; or
2. at Holder's option on July
31, 2020 and on July 31st
every 5 years thereafter
1. Always converts fully on a
conversion under a "Trigger
Event";
2. may convert fully or partially
1. For a conversion under a
"Trigger Event" - formula
driven; refer to prospectus
supplement
2. Otherwise converts on a
one-to-one basis.
1. Mandatory if a "Trigger
Event" conversion
2. Optional
1. For conversion under a
"Trigger Event" - converts to
Common Equity Tier 1
2. Converts to Additional Tier
1
Canadian Imperial Bank of
Commerce
1. Always converts fully on a
conversion under a "Trigger
Event";
2. may convert fully or partially
1. For a conversion under a
"Trigger Event" - formula
driven; refer to prospectus
supplement
2. Otherwise converts on a
one-to-one basis.
1. Mandatory if a "Trigger
Event" conversion
2. Optional
1. For conversion under a
"Trigger Event" - converts to
Common Equity Tier 1
2. Converts to Additional Tier
1
Canadian Imperial Bank of
Commerce
1. Always converts fully on a
conversion under a "Trigger
Event";
2. may convert fully or partially
1. For a conversion under a
"Trigger Event" - formula
driven; refer to prospectus
supplement
2. Otherwise converts on a
one-to-one basis.
1. Mandatory if a "Trigger
Event" conversion
2. Optional
1. For conversion under a
"Trigger Event" - converts to
Common Equity Tier 1
2. Converts to Additional Tier
1
Canadian Imperial Bank of
Commerce
24
If convertible, conversion trigger (s)
25
If convertible, fully or partially
26
If convertible, conversion rate
27
If convertible, mandatory or optional conversion
28
If convertible, specify instrument type convertible into
29
If convertible, specify issuer of instrument it converts into
30
31
32
33
34
Write-down feature
If write-down, write-down trigger (s)
If write-down, full or partial
If write-down, permanent or temporary
If temporary write-down, description of write-down mechanism
No
n/a
n/a
n/a
n/a
No
n/a
n/a
n/a
n/a
No
n/a
n/a
n/a
n/a
35
36
37
Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument)
Non-compliant transitioned features
If yes, specify non-compliant features
Tier 1 Notes
No
n/a
Tier 1 Notes
No
n/a
Tier 1 Notes
No
n/a
1
All amounts in CAD unless otherwise indicated.
CIBC Q4 2016
Disclosure template for main features of regulatory capital instruments
Tier 1 Notes
CIBC Capital Trust
1 Issuer
Tier 1 Note
Series A
2 Unique identifier (eg CUSIP, ISIN, or Bloomberg identifier for private placement)
12544UAA9
3 Governing law(s) of the instrument
Federal laws of Canada
CIBC Capital Trust
Series B
12544UAB7
Federal laws of Canada
4
5
6
7
8
Regulatory treatment
Transitional Basel III rules
Post-transitional Basel III rules
Eligible at solo/group/group&solo
Instrument type (types to be specified by jurisdiction)
Amount recognised in regulatory capital (Currency1 in millions, as of most recent reporting date)
Additional Tier 1
Ineligible
Group
Innovative Tier 1
1,222
Additional Tier 1
Ineligible
Group
Innovative Tier 1
282
9
10
11
Par value of instrument
Accounting classification
Original date of issuance
1,000
Liability - amortised cost
March 13, 2009
1,000
Liability - amortised cost
March 13, 2009
12
13
Perpetual or dated
Original maturity date
Dated
June 30, 2108
Dated
June 30, 2108
14
Issuer call subject to prior supervisory approval
Yes
June 30, 2014 at greater of
Canada Yield Price and par
Occurrence of Regulatory or
Tax event, at par
Yes
June 30, 2014 at greater of
Canada Yield Price and par
Occurrence of Regulatory or
Tax event, at par
Fixed
9.976% until June 30, 2019.
Thereafter resets every 5
years to five-year Government
of Canada bond yield plus
10.425%
Yes
Fully discretionary
Yes
Cumulative
Fixed
10.25% until June 30, 2019.
Thereafter resets every 5
years to five-year Government
of Canada bond yield plus
9.878%
Yes
Fully discretionary
Yes
Cumulative
Convertible
Loss Absorption Event; see
prospectus summary
Fully
Formula driven; refer to
prospectus document
Mandatory
Other
Canadian Imperial Bank of
Commerce
Convertible
Loss Absorption Event; see
prospectus summary
Fully
Formula driven; refer to
prospectus document
Mandatory
Other
Canadian Imperial Bank of
Commerce
Write-down feature
If write-down, write-down trigger (s)
If write-down, full or partial
If write-down, permanent or temporary
If temporary write-down, description of write-down mechanism
No
n/a
n/a
N/A
n/a
No
n/a
n/a
N/A
n/a
Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument)
Non-compliant transitioned features
If yes, specify non-compliant features
Deposits, but it is expected
that Tier 1 Notes would be
exchanged for newly issued
CIBC Class A preferred
shares prior to liquidation of
CIBC
Yes
Not NVCC compliant
Deposits, but it is expected
that Tier 1 Notes would be
exchanged for newly issued
CIBC Class A preferred
shares prior to liquidation of
CIBC
Yes
Not NVCC compliant
15
Optional call date, contingent call dates and redemption amount
16
Subsequent call dates, if applicable
Coupons/dividends
Fixed or floating dividend/coupon
17
18
19
20
21
22
Coupon rate and any related index
Existence of a dividend stopper
Fully discretionary, partially discretionary or mandatory
Existence of a step up or other incentive to redeem
Noncumulative or cumulative
23
Convertible or non-convertible
24
25
If convertible, conversion trigger (s)
If convertible, fully or partially
26
27
28
If convertible, conversion rate
If convertible, mandatory or optional conversion
If convertible, specify instrument type convertible into
29
If convertible, specify issuer of instrument it converts into
30
31
32
33
34
35
36
37
1
All amounts in CAD unless otherwise indicated.
CIBC Q4 2016
Canadian Imperial Bank of
Commerce
136069BK6
Federal laws of Canada
Tier 2
Ineligible
Solo and Group
Tier 2 Subordinated debt
Tier 2
Ineligible
Solo and Group
Tier 2 Subordinated debt
1
2
3
Issuer
Unique identifier (eg CUSIP, ISIN, or Bloomberg identifier for private placement)
Governing law(s) of the instrument
4
5
6
7
8
Regulatory treatment
Transitional Basel III rules
Post-transitional Basel III rules
Eligible at solo/group/group&solo
Instrument type (types to be specified by jurisdiction)
Amount recognised in regulatory capital (Currency1 in millions, as of most recent reporting date)
Tier 2
Ineligible
Solo and Group
Tier 2 Subordinated debt
9
10
11
Par value of instrument
Accounting classification
Original date of issuance
1,000
Liability - amortised cost
June 6, 2008
1,000
Liability - amortised cost
May 29, 1996
1,000
Liability - amortised cost
January 7, 1991
100
Liability - amortised cost
May 15, 1991
1,000
Liability - amortised cost
May 29, 1996
12
13
Perpetual or dated
Original maturity date
Dated
June 6, 2023
Dated
May 25, 2029
Dated
January 7, 2031
Dated
May 15, 2031
Dated
May 25, 2032
14
Issuer call subject to prior supervisory approval
Yes
No
Commencing June 6, 2008 at
greater of Canada Yield Price
and par
Not redeemable
From June 6, 2018
redeemable at par
n/a
Yes
Redeemable after January 7,
1996 at the higher of the
Canada Yield Price and par
Yes
Redeemable on or after May
15, 2021 at the higher of the
Canada Yield Price and par
No
n/a
n/a
n/a
Fixed to floating
Fixed
Fixed
Fixed
Fixed
6.00%
No
Mandatory
Yes
Cumulative
8.70%
No
Mandatory
Yes
Cumulative
11.60%
No
Mandatory
Yes
Cumulative
10.80%
No
Mandatory
Yes
Cumulative
8.70%
No
Mandatory
Yes
Cumulative
Non-convertible
Non-convertible
Convertible
n/a
On or after May 15, 1996
upon notice from CIBC
Convertible
On May 29, 2001 or any
interest payment date
thereafter upon notice from
CIBC
15
Optional call date, contingent call dates and redemption amount
16
Subsequent call dates, if applicable
17
18
19
20
21
22
23
1
Canadian Imperial Bank of
Commerce
136069CV1
Federal laws of Canada
Disclosure template for main features of regulatory capital instruments
Subordinated indebtedness
Canadian Imperial Bank of
Canadian Imperial Bank of
Canadian Imperial Bank of
Commerce
Commerce
Commerce
136069BJ9
136069AT8
136069AU5
Federal laws of Canada
Federal laws of Canada
Federal laws of Canada
Coupons/dividends
Fixed or floating dividend/coupon
Coupon rate and any related index
Existence of a dividend stopper
Fully discretionary, partially discretionary or mandatory
Existence of a step up or other incentive to redeem
Noncumulative or cumulative
Convertible or non-convertible
600
Tier 2
Ineligible
Solo and Group
Tier 2 Subordinated debt
45
Tier 2
Ineligible
Solo and Group
Tier 2 Subordinated debt
200
151
47
Not redeemable
24
If convertible, conversion trigger (s)
n/a
Convertible
On May 29, 2001 or any
interest payment date
thereafter upon notice from
CIBC
25
If convertible, fully or partially
n/a
Fully
n/a
Fully
Fully
26
27
If convertible, conversion rate
If convertible, mandatory or optional conversion
n/a
NA
For an equal aggregate
principal amount
Optional
n/a
NA
For an equal aggregate
principal amount
Optional
For an equal aggregate
principal amount
Optional
28
If convertible, specify instrument type convertible into
Other
Other
29
If convertible, specify issuer of instrument it converts into
n/a
CIBC
n/a
CIBC
CIBC
Other
30
31
32
33
34
Write-down feature
If write-down, write-down trigger (s)
If write-down, full or partial
If write-down, permanent or temporary
If temporary write-down, description of write-down mechanism
No
n/a
n/a
NA
n/a
No
n/a
n/a
NA
n/a
No
n/a
n/a
NA
n/a
No
n/a
n/a
NA
n/a
No
n/a
n/a
NA
n/a
35
36
37
Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument)
Non-compliant transitioned features
If yes, specify non-compliant features
Deposits
Yes
Not NVCC compliant
Deposits
Yes
Not NVCC compliant
Deposits
Yes
Not NVCC compliant
Deposits
Yes
Not NVCC compliant
Deposits
Yes
Not NVCC compliant
All amounts in CAD unless otherwise indicated.
CIBC Q4 2016
Canadian Imperial Bank of
Commerce
136069BL4
Federal laws of Canada
Disclosure template for main features of regulatory capital instruments
Subordinated indebtedness
Canadian Imperial Bank of
Canadian Imperial Bank of
Canadian Imperial Bank of
Canadian Imperial Bank of
Commerce
Commerce
Commerce
Commerce
136069BM2
XS00105557121
GB0001703890
136069JJ1
Federal laws of Canada
Federal laws of Canada
Federal laws of Canada
Federal laws of Canada
Regulatory treatment
Transitional Basel III rules
Post-transitional Basel III rules
Eligible at solo/group/group&solo
Instrument type (types to be specified by jurisdiction)
Amount recognised in regulatory capital (Currency1 in millions, as of most recent reporting date)
Tier 2
Ineligible
Solo and Group
Tier 2 Subordinated debt
Tier 2
Ineligible
Solo and Group
Tier 2 Subordinated debt
9
10
11
Par value of instrument
Accounting classification
Original date of issuance
1,000
Liability - amortised cost
May 29, 1996
1,000
Liability - amortised cost
May 29, 1996
U$10,000, U$250,000
Liability - amortised cost
July 24, 1985
12
13
Perpetual or dated
Original maturity date
Dated
May 25, 2033
Dated
May 25, 2035
14
Issuer call subject to prior supervisory approval
No
No
1
2
3
Issuer
Unique identifier (eg CUSIP, ISIN, or Bloomberg identifier for private placement)
Governing law(s) of the instrument
4
5
6
7
8
Tier 2
Tier 2
Solo and Group
Tier 2 Subordinated debt
Tier 2
Tier 2
Solo and Group
Tier 2 Subordinated debt
997
1,004
U$10,000, U$100,000
Liability - amortised cost
August 15, 1986
1,000
Liability - amortised cost
October 28, 2014
1,000
Liability - amortised cost
January 26, 2016
Dated
July 31, 2084
Dated
August 31, 2085
Dated
October 28, 2024
Dated
January 26, 2026
Yes
Yes
Yes
Yes
Redeemable at par August
20, 1991
Any interest payment date
after August 20, 1991.
Redeemable from October 28, Redeemable from January 26,
2019 at par
2021 at par
n/a
n/a
51
Tier 2
Ineligible
Solo and Group
Tier 2 Subordinated debt
133
48
15
Optional call date, contingent call dates and redemption amount
Not redeemable
Not redeemable
16
Subsequent call dates, if applicable
n/a
n/a
Redeemable at par July 27,
1990
Any interest payment date
after July 27, 1990.
Fixed
Fixed
Floating
Floating
Fixed/ Floating
Fixed/ Floating
8.70%
No
Mandatory
Yes
Cumulative
8.70%
No
Mandatory
Yes
Cumulative
Rate based on 6-month
US$LIBOR plus 0.25%,
interest rate could be adjusted
if the bank’s dividend is less
than $0.52, and the difference
paid in shares
No
Mandatory
No
Cumulative
Rate based on 6-month
US$LIBOR plus 0.125%,
interest rate could be adjusted
if the bank’s dividend is less
than $0.27
No
Mandatory
No
Cumulative
3% per annum to October 28,
2019 & Three-month Banker's
Acceptance Rate plus 1.19%
thereafter until maturity
No
Mandatory
No
Cumulative
3.42% per annum to January
26, 2021 & Three-month
Banker's Acceptance Rate
plus 2.57% thereafter until
maturity
No
Mandatory
No
Cumulative
Convertible
On May 29, 2001 or any
interest payment date
thereafter upon notice from
CIBC
Non-convertible
Non-convertible
Convertible
Convertible
n/a
n/a
Convertible:
When a "Trigger Event" as
defined by OSFI occurs
Always converts fully on a
conversion under a "Trigger
Event"
Convertible:
When a "Trigger Event" as
defined by OSFI occurs
Always converts fully on a
conversion under a "Trigger
Event"
n/a
n/a
Formula driven; refer to
prospectus supplement
Formula driven; refer to
prospectus supplement
Mandatory
Converts to Common Equity
Tier 1
Canadian Imperial Bank of
Commerce
17
18
19
20
21
22
23
1
48
Tier 2
Ineligible
Solo and Group
Tier 2 Subordinated debt
Canadian Imperial Bank of
Commerce
136069LY5
Federal laws of Canada
Coupons/dividends
Fixed or floating dividend/coupon
Coupon rate and any related index
Existence of a dividend stopper
Fully discretionary, partially discretionary or mandatory
Existence of a step up or other incentive to redeem
Noncumulative or cumulative
Convertible or non-convertible
24
If convertible, conversion trigger (s)
Convertible
On May 29, 2001 or any
interest payment date
thereafter upon notice from
CIBC
25
If convertible, fully or partially
Fully
Fully
26
27
If convertible, conversion rate
If convertible, mandatory or optional conversion
For an equal aggregate
principal amount
Optional
For an equal aggregate
principal amount
Optional
28
If convertible, specify instrument type convertible into
Other
Other
29
If convertible, specify issuer of instrument it converts into
CIBC
n/a
NA
n/a
NA
CIBC
n/a
n/a
Mandatory
Converts to Common Equity
Tier 1
Canadian Imperial Bank of
Commerce
30
31
32
33
34
Write-down feature
If write-down, write-down trigger (s)
If write-down, full or partial
If write-down, permanent or temporary
If temporary write-down, description of write-down mechanism
No
n/a
n/a
NA
n/a
No
n/a
n/a
NA
n/a
No
n/a
n/a
NA
n/a
No
n/a
n/a
NA
n/a
No
n/a
n/a
n/a
n/a
No
n/a
n/a
n/a
n/a
35
36
37
Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument)
Non-compliant transitioned features
If yes, specify non-compliant features
Deposits
Yes
Not NVCC compliant
Deposits
Yes
Not NVCC compliant
Deposits
Yes
Not NVCC compliant
Deposits
Yes
Not NVCC compliant
Deposits
No
n/a
Deposits
No
n/a
All amounts in CAD unless otherwise indicated.
CIBC Q4 2016