1 The bid price at which an Investor will be able to sell the Notes in the secondary market to CIBC Capital Markets prior maturity may be at a discount, which could be substantial, from the amount that would be payable if the notes were maturing on such day. While CIBC Capital Markets intends to provide a secondary market, it reserves the right not to do so, in its sole discretion, at any time without prior notice to Investors.
The services, securities 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. This Product Snapshot does not constitute an offer to sell or the solicitation of an offer to purchase the investment products described herein. The complete terms of any actual offer will be set out in offering documentation which will be delivered to investors.
Any examples contained herein are included for illustrative purposes only and are not intended to predict actual results, which may differ substantially from those reflected herein. Investors considering a purchase of PARs should read the applicable prospectus carefully before investing in PARs.
Trademarks