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CIBC Investment Solutions – Current Issue
 

CIBC Floating Market Rate GICs (USD) due October 5, 2020 - Available at CIBC exclusively through IIROC licensed advisors at CIBC Imperial Service
Available until September 30, 2018


FundSERV Code

Current GICs

Benchmark Rate

Term

Minimum Coupon Rate (per annum)

Maximum Coupon Rate (per annum)

Issue Date

Maturity Date

CBL2030

CIBC Floating Market Rate GICs (USD)

3-month USD LIBOR

2 Years

2.00%

3.00%

October 5, 2018

October 5, 2020

CBL 4009

CIBC Floating Market Rate GICs (USD)

3-month USD LIBOR

4 Years

2.50%

4.50%

October 5, 2018

October 5, 2022

Coupon Amounts will be paid each quarter during the term of the GICs, and will be equal to the following:

 

Principal Amount x Coupon Rate x (Number of Days in the Coupon Period/360) .

 

The Coupon Rate will be equal to the 3-month LIBOR Rate on the first day of each quarterly period (the “Coupon Reset Date”), subject to the specified Minimum Coupon Rate and Maximum Coupon Rate.

The Coupon Rate will be set in advance on the Coupon Reset Date for each quarterly period, with the first Coupon Reset Date occurring on the Issue Date.

The Coupon Amount will be payable on the last day of each quarterly period, with the first Coupon Amount being paid on January 7, 2019.

Regardless of the Coupon Amounts paid during the term of the GICs, you will always receive your Principal Amount at maturity.

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