CI M.A.X. Deposit Notes Series 3, and Series 3total

Available March 13 - May 5, 2006

A dynamic formula-driven allocation strategy that provides the potential for enhanced returns when performance is positive and reduced volatility when performance is negative. Potential for 200% exposure to the underlying Fund, which has a goal of achieving a 7.0% distribution per annum.

For Income

For Growth

CI M.A.X. Deposit Notes, Series 3, pays out a monthly amount equivalent to 75% of all ordinary distributions of the Fund, with all other distributions reinvested in the Deposit Notes. Principal repaid at maturity is not eroded by monthly payments.

CI M.A.X. Deposit Notes, Series 3total: reinvests 100% of monthly distributions in additional units of the Deposit Notes providing investors with the opportunity for tax-deferred growth and enhanced returns due to additional exposure to the fund.

CIBC CI M.A.X. Deposit Notes, Series 3 features:

  • LINKED TO Signature Income & Growth Fund managed by Eric Bushell, Chief Investment Officer of the award-winning Signature Advisors of CI Investments Inc.
  • Series 3 Deposit Notes have an eight-year term.
  • Series 3total Deposit Notes have a 5.5-year term.
  • Minimum investment: $5,000
  • Daily Secondary Market provided by CIBC World Markets Inc. (subject to availability)2
Available Info | Clients

Information Statement - Series 3
Information Statement - Series 3total
Client Flyer

For more information contact your Financial Advisor.
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1 Series 3 only. This value is determined as a percentage of the net asset value of the Deposit Notes, assumes 200% exposure to the Fund and an annual distribution of 7% is maintained on the Fund. As at March 6, 2006, the indicated distribution on the Fund was 6.43%. There is no guarantee that the Fund will meet a 7% annual yield or make any distributions, or that 200% leverage will be achieved on the Deposit Notes. Accordingly, the amount of interest paid for any month during the term of the Deposit Notes will likely vary and could be zero. There is no cap or maximum amount of interest payable on the Deposit Notes.

2 CIBC World Markets Inc. will maintain a liquid secondary market for the Deposit Notes, but reserves the right not to do so in the future, without providing prior notice to investors. Redemption through FundSERV would be a sale to CIBC World Markets Inc. in the secondary market. An investor who sells a Series 3 Deposit Note prior to maturity will have to pay an early trading charge, deductible from the proceeds of the Deposit Note, of 6.95% initially, reducing to 0% after three (3) years. An investor who sells a Series 3total Deposit Note prior to maturity will have to pay an early trading charge, deductible from the proceeds of the Deposit Note, of 4.95% initially, reducing to 0% after two (2) years.

*Interest on the Deposit Notes is linked to the Signature Income & Growth Fund. Details regarding the calculation and payment of interest, repayment of principal and certain risk factors are contained in the Information Statement dated March 6, 2006 relating to the CIBC CI M.A.X. Deposit Notes™, Series 3 or CIBC CI M.A.X. Deposit Notes™, Series 3 TOTAL. Investors are encouraged to read the Information Statement carefully before investing in the Deposit Notes and to discuss the suitability of the investment with their investment advisor, who will be able to provide investors with a copy of the Information Statement, before making any investment decisions. Please contact your financial advisor for more information. "CI Investments", "CI", "Signature", "Signature Funds", "Signature Income & Growth Fund" and CI Investments design aretrademarks of CI Investments Inc. "M.A.X. Deposit Notes" is a trademark of CIBC.

This is intended for information purposes only and is not, and under no circumstances is to be construed as, an offering of the Deposit Notes described herein, or as investment advice. The information contained herein is intended to be read in conjunction with the Information Statement. The Deposit Notes described in the Information Statement are being offered in Canada only in those jurisdictions and to those persons where and to whom they may lawfully offered for sale, and therein only by persons permitted to sell such Deposit Notes. No securities commission or similar authority in Canada has reviewed or in any way passed upon this flyer or the Information Statement or the merits of the Deposit Notes described herein or therein, and any representation to the contrary is an offence.