Investment Solutions for Municipalities
CIBC PPN - Single Call Participation
3 HYPOTHETICAL EXAMPLE
Reference Asset
Equally weighted basket: Telus,
BCE Inc, Rogers
Communications, Enbridge,
Pembina Pipeline, TransCanada,
Manulife, Sunlife, Power
Corporation, Royal Bank of
Canada, Toronto-Dominion Bank,
Bank of Nova Scotia
Term/Currency
7 years / CAD
Contingent Coupon
Contingent coupon received if the
index is ≥ 0.00% on the fifth
anniversary date.
1st 2nd 3rd 4th:
5th:
6th: 7th:
23.0%
w
Auto-Call Level
CIBC will automatically
call the Notes on the fifth
anniversary date if the
Reference Index Return
is greater than or equal
to 0%, returning 100% of
principal in addition to
the coupon.
Variable Return
at Maturity
100.00%
participation in the
positive price return
of the Reference
Asset over the term
of the Notes
Principal
Protection
100% principal
protection at
maturity
Historical Hypothetical Note Return Distribution
100%
99%
Historical Note Returns (May 29, 2003 - July 6, 2021)1
.
Since inception, the Note was called 99.37% of the time on the first call date
• Since inception, the average duration of the note was 5.01 years
• Since inception, investors would have only received their Principal back (with no
return) 0.00% of the time
•
Since inception, the notes that were not called returned an average of 42.79%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
0%
0%
0%
0%
0%
1%
0%
0%
1.00yr 2.00yr 3.00yr 4.00yr 5.00yr 6.00yr 7.00yr Breach Principal
Only
1The Historical Note Returns were calculated by CIBC Capital Markets using daily closing prices for the Reference Asset available on Bloomberg. Hypothetical 7.0-year Notes were issued daily from March 23, 2000 until September 13, 2021 such that the last Note would have matured September 13, 2021.
Historical price performance of the Reference Asset does not predict future price performance of the Reference Asset or the amount of interest, if any, that may be payable on the Notes. The historical price performance was measured over defined periods and performance over other periods would have produced
different results.
CIBC
CONFIDENTIAL
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