CIBC Capital Markets is a trademark brand name under which Canadian Imperial Bank of Commerce (“CIBC”), its subsidiaries and affiliates — including, without limitation, CIBC World Markets Inc. — provide products and services to our customers around the world. Securities and other products offered or sold by CIBC Capital Markets are subject to investment risks, including possible loss of the principal invested. Each subsidiary or affiliate of CIBC is solely responsible for its own contractual obligations and commitments. Unless stated otherwise in writing, CIBC Capital Markets products and services are not insured by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or other similar deposit insurance and are not endorsed or guaranteed by any bank. CIBC World Markets Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.
Any information, opinions and data — collectively, “Information” — contained herein is provided for informational purposes only and does not take into account the particular investment objectives, financial conditions or needs of any individual or recipient. The Information contained herein has been obtained or derived from sources believed to be reliable, without any independent verification by CIBC Capital Markets, and CIBC Capital Markets does not represent or warrant that any such information or data is accurate or complete. CIBC Capital Markets assumes (i) no obligation to update or correct any Information for any reason or to notify any person in respect thereof; and (ii) no liability whatsoever for any loss arising from any use or reliance on the Information.
The services, securities, strategies and investments discussed in this document may not be available to, nor suitable for, all investors. These materials do not, nor do they purport to, disclose all the risks and other significant issues relating to any of the securities, products or financial instruments described herein or any transaction related thereto. Nothing contained herein constitutes financial, business, legal, tax, investment, regulatory or accounting advice. Prior to making any investment in a product or financial instrument described herein, you should make your own appraisal of the risks from a financial, business, legal, tax, investment, regulatory and accounting perspective, without relying on the information contained herein, by consulting, if you deem it necessary, your own advisors in these matters or any other professional advisors.