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Principal Protected Notes

CIBC Principal Protected Notes

Investment Products that Combine Protection with Potential

CIBC Principal Protected Notes (PPNs) offer principal protection, growth potential and diversification. Available with a wide variety of underlying assets (stocks, mutual funds, indices, commodities, currencies and interest rates), terms and features, CIBC offers notes that can meet your specific needs.

Want to buy CIBC Principal Protected Notes?
Use your CIBC Investor’s Edge® account or contact your financial advisor or broker. Additional information about currently available PPNs can be found at www.cibcppn.com.

CIBC PPNs are innovative financial products that combine key investment characteristics of both stocks and conventional bonds. The distinguishing feature of these investments is that the principal amount - your original investment - is 100% protected as long as the PPN is held to maturity.

Is it right for you?

CIBC PPNs may be suitable if you:

  • Prefer the safety of conventional bonds and GICs, but seek higher potential returns
  • Wish to participate in the potential growth of equity or commodity markets, without the risk of losing your initial capital investment
  • Seek the potential to receive interest payments linked to the performance of the underlying assets
  • Would like to include fixed-term investments as part of your portfolio
  • Believe in a buy-and-hold investment strategy
  • Generally prefer investments that do not require active management

Useful information

  • Terms range from 3 to 8 years
  • Available in a wide range of payment structures linked to a variety of underlying assets including stocks, mutual funds, indices, commodities, currencies and interest rates; some CIBC PPNs may also have caps, participation rates and/or other limiting features
  • The return of your CIBC PPN depends on the performance of the underlying assets. It is possible that no interest may be payable
  • Regardless of performance, your full principal amount will be repaid at maturity
  • 100% RRSP-eligible

CIBC PPNs may be an attractive investment alternative to both direct equity investing and traditional fixed income products. For more information, visit the CIBC PPN website at www.cibcppn.com.

CIBC PPN deposits are not insured by Canada Deposit Insurance Corporation. For a complete listing of CDIC eligible CIBC Deposits see CDIC Deposit Insurance Information


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