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Investment Solutions for Municipalities

CIBC Rate Linked Structured Notes - Key Features: Capital Preservation 100% principal protection at maturity Enhanced Income and Growth Potential Notes can be designed to generate minimum guaranteed returns, enhancing income or long-term growth potential depending on investor needs Stability Notes are senior notes that are direct unsecured liabilities of CIBC ranking Pari passu with all other unsecured and unsubordinated debt of CIBC. While the notes are not specifically rated by a rating agency, the class of this debt with a term to maturity of one year or more has been rated AAL by DBRS, A2 by Moody's and BBB+ by S&P Gool EG- Diversification Notes can be linked to a variety of benchmark interest rates to further diversify portfolios and complement long-term plans Customization Notes can be tailored to express a view on a particular term, benchmark or shape of the yield curve S&P Liquidity May be liquidated prior to maturity in a daily secondary market CONFIDENTIAL 15
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