Greater return potential than traditional GICs while keeping your principal safe
What makes these GICs different?
The interest rate is linked to the performance of one or more indices, a portfolio of common shares or a benchmark rate. This means that you won’t know how much you’ll earn in advance, but the potential is higher than a fixed rate investment.
You should consider investing in CIBC Market Linked GICs if you:
Are saving for something longer term like retirement
Want the benefit of investing in the markets, but none of the risk of losing your principal investment
Know you won’t need the money for a specific period of time
Are looking for investment terms of 2 to 5 years
Have a minimum investment of $500
Think you might need access to funds within a year?
No matter what the market does, your principal is protected
Market Linked GICs guarantee the repayment of your principal at maturity, in addition to potential interest payment(s) during the term or at maturity
Potential interest will be determined by the payout formula for each type of Market Linked GIC:
Income GICs Provide a potential variable return paid periodically during the term based on the performance of an equally weighted portfolio of common shares or the performance of a benchmark rate
Income and Growth GICs Provide a fixed return paid periodically during the term, plus a potential variable return at maturity based on the performance of a portfolio of common shares, or the performance of an underlying index
Growth GICs Provide a potential variable return at maturity based on the performance of a portfolio of indices
The potential to outperform traditional GICs
With traditional GICs, you receive a fixed return on your principal investment. CIBC Market Linked GICs offer the opportunity to outperform traditional GICs by linking your return to the performance of one or more indices, a portfolio of common shares or a benchmark rate.
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