You
should read the relevant Preliminary Offering Documents before you invest.
Click
on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.
Risk
Factors
Please
see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited
to, the following:
·
Depending on the performance of the Market Measure as measured shortly before the maturity date, you may lose up to 100% of the principal
amount.
·
Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly
in the stocks included in the Market Measure.
·
Payments on the notes, including any repayment of principal, are subject to the credit risk of CIBC, and actual or perceived changes
in the creditworthiness of CIBC are expected to affect the value of the notes. If CIBC becomes insolvent or is unable to pay its
obligations, you may lose your entire investment.
·
The initial estimated value of the notes on the pricing date will be less than their public offering price.
·
If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial
estimated value of the notes on the pricing date.
·
As a noteholder, you will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled
to receive securities, dividends or other distributions by the issuers of those securities.
·
The value of, and your return on, the notes may be affected by factors affecting the international securities markets, specifically
changes in the countries represented by the Market Measure.
·
Exchange rate movements may adversely impact the value of the notes.
·
There are risks associated with emerging markets.
·
Recent executive orders could adversely affect your investment in the notes.
Final
terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary
Offering Documents for complete product disclosure, including related risks and tax disclosure. |