CIBC Market Mix RRSP GIC
The CIBC Market Mix RRSP GIC allows you to take advantage of the unlimited growth potential of investing in Canadian and international markets, but with 100% protection of your principal.
The CIBC Market Mix RRSP GIC is a non-redeemable GIC that combines the security of a regular GIC with the growth potential of stock and bond markets. Returns are based on the performance of well-known indices from Canadian and international stock and bond markets.
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Purchase online, call Telephone Banking1 at |
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| Type | Index-linked |
| Minimum investment | $500 |
| Terms available | 3 and 5 years |
| Access to funds | At maturity only |
| Interest | Any interest, in addition to the guaranteed minimum interest component of this GIC, is paid at maturity only. |
| Fees | None, unless transferring all or part of your CIBC RRSP funds to another financial institution. A $25 fee applies to such transfers. |
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Is it for you?
The CIBC Market Mix RRSP GIC could be for you if:
- You want a safe investment with a potentially higher rate of return than a traditional GIC
- You want to know that your principal is fully guaranteed, especially during times of market volatility. Your GIC principal is repaid at maturity
- You want exposure to the unlimited growth potential of domestic and international markets
- You have a longer-term investment horizon of 3 to 5 years, and know you will not need access to your GIC before it matures
- You want protection from sharp declines in any of the indices just prior to maturity (see Index-Linked Information Statement for more details)
Useful information
- You get access to the power and added diversification of world markets in one easy step - your return is based on the performance of four different stock market indices from Canada, Europe, Japan and the United States. We also have incorporated a Canadian bond index, plus a small fixed term component with a guaranteed interest rate for additional stability
- Here's how your funds are invested
- 5% Savings - 3 or 5 year CIBC GIC
- 5% Income - Merrill Lynch Canada Broad Market2 Index
- 90% Growth - 20% S&P/TSX 603 Index; 40% S&P 5003 Index; 17% FTSE Eurotop 1004 Index; 13% Nikkei 2255 Index
- The return of your CIBC Market Mix GIC depends on:
- A minimum guaranteed interest payment based on the published rate for the term of your GIC at the time of purchase, which is applied to the GIC portion (i.e., multiplied by a weighting percentage of 5%). The minimum interest is compounded annually and paid at maturity
- The performance of the stock and bond indices to which your GIC is linked
- Your interest (or return) on your GIC depends on the performance of one or more of market indices and will be determined in accordance with the calculation method as described in the Index-Linked Information Statement
Trademarks and Disclaimers
1 To buy through Telephone Banking, you need to have a CIBC bank account or CIBC GIC already.
Regulations for Index-Linked GICs Purchased Through Telephone Banking:
When you purchase an Index-Linked GIC through Telephone Banking, you have 8 business days from your purchase date to cancel your GIC if you wish to do so. Upon cancellation, CIBC will refund the principal amount, if any, deposited with it pursuant to the contract.
2 “Merrill Lynch” and “Merrill Lynch Canada Broad Market IndexSM” are reprinted with permission. © Copyright 2007 Merrill Lynch, Pierce, Fenner & Smith Incorporated. The GICs are based, in part, on the Merrill Lynch Canada Broad Market Index, and are not sponsored, endorsed, sold or promoted by Merrill Lynch. Merrill Lynch and its affiliates make no representation, express or implied, regarding the advisability of investing in this product or the “Merrill Lynch Canada Broad Market Index” and do not guarantee the quality, accuracy or completeness of any Merrill Lynch Index, related data included herein or derived therefrom and assume no liability in connection with their use. The Index is composed by Merrill Lynch without regard to CIBC, CIBC Trust Corporation, this product or any investor.
3 These GICs are not sponsored, endorsed, sold or promoted by Standard & Poor's, a division of the McGraw-Hill Companies, Inc. ("S&P") or the Toronto Stock Exchange ("TSX"). S&P and the TSX (the "Licensors") make no representation, condition or warranty (express or implied) to anyone regarding the advisability of investing in securities generally or these GICs specifically or the ability of the S&P 500 Index, or the S&P/TSX 60 Index (the "Indices") to track general stock market performance. The Licensors' only relationship to CIBC is in licensing certain of their trademarks and the Indices to CIBC. The Indices are determined, composed and calculated by S&P without regard to CIBC or the GICs. The Licensors have no obligation to take your needs or those of CIBC into consideration in determining, composing or calculating the Indices; they are not responsible for and have not participated in setting the timing, price, or quantity of GICs to be issued or in determining or calculating the GIC return. The Licensors have no obligation or liability to administer, market or sell these GICs.
THE LICENSORS: DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE INDICES OR ANY DATA IN THEM; HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS; MAKE NO WARRANTY, REPRESENTATION OR CONDITION (EXPRESS OR IMPLIED) OF ANY TYPE, AS TO RESULTS TO BE OBTAINED BY ANYONE FROM THE INDICES OR ANY DATA IN THEM; EXPRESSLY DISCLAIM ALL WARRANTIES OR CONDITIONS (EXPRESS OR IMPLIED) OF ANY TYPE WITH RESPECT TO THE INDICES OR ANY DATA IN THEM, INCLUDING MERCHANTABILITY, MERCHANTABLE QUALITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. WITHOUT LIMITING THE ABOVE, IN NO EVENT WILL THE LICENSORS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF DAMAGES.
4 "FT-SE®" and "Footsie®" are registered trade marks of London Stock Exchange Limited and The Financial Times Limited and are used by FTSE International Limited ("FTSE") under licence. "Eurotop" is a registered trade mark of Amsterdam Exchanges N.V. ("AEX") or its subsidiaries and is used by FTSE under licence. All copyright in the index values and constituent list vests in FTSE. FTSE and AEX accept no liability in connection with the Market Mix GIC.
5 The patent rights relating to Nikkei 225 and all intellectual property rights and other rights relating to the indications of Nikkei and Nikkei 225 belong to Nihon Keizai Shimbun (Nikkei). Nikkei retains the rights to change the content of or suspend the publication of the Nikkei 225. Nikkei assumes no obligations or responsibilities in respect of the CIBC Market Mix GIC.
®* Registered trademark of CIBC World Markets Inc. used under licence.
Copyright® 2008 Canadian Imperial Bank of Commerce. All rights reserved.