CI M.A.X. Deposit Notes™ Series 4

Sales period extended to October 20, 2006

CIBC CI M.A.X. Deposit Notes™, Series 4 features:

  • AN INNOVATIVE and dynamic formula-driven allocation strategy that provides the potential for enhanced returns when performance is positive and reduced volatility when performance is negative.
  • LINKED TO Signature Income & Growth Fund managed by Eric Bushell, Chief Investment Officer of the award-winning Signature Advisors of CI Investments Inc.
    Signature Income & Growth Fund Morningstar report
  • POTENTIAL for 200% exposure to the underlying Fund, which has a goal of achieving a 7.0% distribution per annum.
  • Minimum investment: $5,000
  • Daily secondary market provided by CIBC World Markets Inc. (subject to availability)3

Who will benefit from these Notes?

The Notes are ideal for investors who are:

  • risk-sensitive and who are holding high levels of cash.
  • hesitant to lock in long-term rates at current levels.
  • missing investment goals due to low interest rates.
  • invested in income trusts and want to lock in gains and maintain some exposure to the sector through the Fund.

Available Info | Clients

Information Statement
Client Flyer

For more information contact your Financial Advisor.
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1 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 August 4, 2006, the indicated distribution rate on the Fund was 6.50%. There is no guarantee that the Fund will achieve 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 Initially, Units will be purchased using an amount equal to the net proceeds of $94.75, together with a draw down of the Loan of $40.25, so that the total investment in Units is $135.00 per Deposit Note.

3 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 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.

Interest on the Deposit Notes is linked to Signature Income & Growth Fund. Details regarding the dynamic allocation strategy, calculation and payment of interest, repayment of principal and certain risk factors are contained in the Information Statement dated August 4, 2006 relating to the CIBC CI M.A.X. Deposit Notes™, Series 4. 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. The indicated rates of return of the Fund are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. “CI Investments”, “CI”, “Signature”, “Signature Funds”, “Signature Income & Growth Fund” and CI Investments design are trademarks 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. This flyer 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.