CIBC Principal Protected Notes may be suitable for investors who:

• Prefer the safety of conventional bonds and GICs, but seek higher returns than those typically associated with such investments.
• Wish to participate in the potential growth of the equity markets, but do not want to risk losing principal investment.
• Want the flexibility to sell prior to maturity if necessary.*
• Would like to include fixed-term investments as part of their portfolios.
• Are seeking cost-effective investment alternatives.
• Believe in a buy-and-hold investment strategy.
• Prefer investments that do not require active management.

Your investment advisor can help you determine whether CIBC Principal Protected Notes would be an appropriate addition to your portfolio.

*CIBC World Markets currently maintains a secondary market, but reserves the right not to do so in the future at its sole discretion without providing prior notice to investors. Any sale in the secondary market may be subject to an Early Trading Charge.

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