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CIBC Investment Solutions – Current Issue
 

CIBC Canadian Index Autocallable Return of Capital (ROC) Memory Notes, Series 1
Available until June 22, 2018


Linked to

S&P/TSX 60 IndexTM

 

2.25% Semi-annual Contingent ROC Payments

(4.50% per annum)

 

Semi-annual Autocall Feature (starting in June 2019)

 

Memory Feature

  • Currency: CAD Denominated
  • Cash flow: The Notes offer the opportunity to obtain semi-annual return of capital payments equal to the Repayment Amount of $2.25 per Note if the Reference Index Return on the applicable Valuation Date is greater than or equal to -35.00%. The Notes also include a feature whereby the cumulative amount of any missed Repayment Amounts may be added in computing a subsequent Partial Principal Repayment.
  • Call Feature: The Notes will automatically be called by CIBC on a Call Date if the Reference Index Return on the applicable Valuation Date is greater than or equal to 15.00%.
  • Tax Efficient Structure: Semi-annual return of capital payments should not be included in the Investor’s income when received but rather should reduce the Investor’s adjusted cost base of the Notes.
  • Contingent Principal Protection: 35.00%
  • Selling Concession: 2.50%
  • Eligible for registered accounts: RRSPs, RRIFs, RESPs, RDSPs, certain DPSPs, and TFSAs

Term

Available Until

Issue Date

Maturity Date

Minimum Investment

How To Buy

7 years

June 22, 2018

June 28, 2018

June 30, 2025

$5,000

Fundserv CBL10076 


A copy of the Offering Document may be obtained by clicking on the link below or contacting your investment advisor.