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CIBC Investment Solutions – Current Issue
 

CIBC European Index Growth GICs, Series 1
Available until December 7, 2018


FundSERV Code

Current GICs

Index

Term

Maximum Return

Issue Date

Maturity Date

CBL 6006

CIBC European Index Growth GICs, Series 1

EURO STOXX 50 Index

2 Years

12%

December 13, 2018

December 14, 2020

CBL 6008

CIBC Canada Bank Index Growth GICs, Series 5

Solactive Canada Bank Index

3 Years

22%

December 13, 2018

December 13, 2021

 

 

 

Interest Calculation

Variable Interest, if any, will be paid at maturity and will be equal to your Principal Amount multiplied by the Index Return. The Index Return will measure the percentage increase or decrease in the Closing Level of the Index, measured from its Start Level to its End Level, subject to a specified Maximum Return. If no Variable Interest is paid, you will only receive your Principal Amount at maturity.

Early Redemptions

The GICs cannot be redeemed or retracted prior to the Maturity Date except in the event of your death or as otherwise provided by law.

Transfers

The GICs may not be transferable to another Dealer if you decide to move your investment account to such other Dealer. You should consult your advisor as to whether there are any limitations or restrictions on your ability to transfer the GICs.

Minimum Investment

$500 for each of the GICs.

Fees and Expenses

A commission equivalent to 0.60% of the Principal Amount for the CIBC European Index Growth GICs, Series 1; and 0.90% of the Principal Amount for the CIBC Canada Bank Index Growth GICs, Series 5 will be paid to representatives of investment dealers who purchase the GICs on behalf of their clients.

No fees or expenses will be charged during the term of the GICs that will impact the potential Variable Interest payable on the Maturity Date.

CDIC Eligibility

The GICs are eligible for CDIC coverage, subject to CDIC rules and regulations. Your CDIC coverage may depend on you or your Dealer providing certain information to CIBC. Where you are a trustee for one or more beneficiaries, it may be necessary for you to provide your Dealer with name and address information and beneficial interest information about such beneficiaries in order to maximize CDIC coverage. You must satisfy yourself that your CDIC coverage requirements for the GICs are met and CIBC makes no representation in this regard. Visit www.cdic.ca or call 1 800 461 CDIC (2342) for details.

 



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